Glencore acquired the underground mine, which was formerly known as Glennies Creek, last year from Vale. The Bloomfield Group separately acquired the open cut mine, wash plant and rail loop.
The Integra underground mine has been on care and maintenance since July 2014 and Glencore has continued to assess options for a restart against global coal market conditions, Glencore Australian coal operations head Ian Cribb said.
“The Integra mine has one longwall block already formed, providing an opportunity to begin mining with minimal delays or additional investment,” he said.
“Over the next two years, we also plan to complete and extract coal from a second longwall block that has already been partially developed at the mine.”
Glencore expects to produce 1.3 million tonnes of high fluidity saleable coking coal at Integra in 2017 to meet a specific need identified in the metallurgical coal market.
With a number of Glencore’s thermal coal mines having recently closed or reaching the end of their scheduled mine life, production at Integra is not expected to increase the company’s overall coal sales from Australia.
“Glencore will manage the mine and we are working towards an early 2017 restart,” Cribb said.
The news comes around three weeks after Glencore said it would restart its Collinsville mine in Queensland amid improvements in the coal market.
IN THIS morning’s News Wrap: Mining giants including BHP, Rio, set for $US18B coal boost; Mt Kellett seeks equity stake in rare earths miner Lynas; and glimmers of hope in mining services sector. Continue reading
Wreckage of a freight train that derailed near Mount Isa could take a month to clear with salvage operations being held up by wet weather.
The freight train, made up of twenty-six canisters containing a total 200,000 litres of sulphuric acid, remains scattered along the rail line at Julia Creek, 200km east of Mount Isa after it derailed on Sunday morning. Continue reading
Location: Tonsley Park, South Australia
Projected Manager: Hansen Yuncken
Project Owner: Department for Planning, Transport, and Infrustructure
Budget: $32.2 million
Phase: Under Construction
Location: Carrara, QLD
Project Budget: Approximately $122 million
Project Owner: Department of State Development
Project Manager: Hansen Yuncken
Stage: Under Construction
Jobs Created: 350 during construction
Location: Swan Valley, Swansea
Project Manager: Tasmanian Irrigation
Project Owner: Tasmanian Irrigation
Construction Period: 2015 to 2017
Project Value: $16.6 million
Project Status: Approvals/under development
Location: Lismore, NSW
Project Manager: Health Infrastructure
Construction Period: 2013 – 2019
Project Value: $50 – $100 million (Stage 3A), $260 million (Stage 3B)
Project Status: Under Construction
The Sino Iron Ore project has seen some troubles in recent times, with both a failed lawsuit levelled toward Clive Palmer for fraud to the tune of $12 billion, and being forced to decrease the estimated value of the project by $1.8 billion due to falling iron ore prices and heightened production costs.
With major construction of Sydney’s new light rail route to begin at Moore Park in September, 2015, new job opportunities in the construction industry will help create a better public transport system to transform the way Sydney-siders travel around their city.
Location: Western Australia
Project Manager: Perdaman Chemicals and Fertilisers Pty Ltd
Project Owner: Perderman Industries Pty Ltd
Constructor: G.S. Engineering and Construction
Construction Period: To Be Announced
Project Value: 3.5 Billion
Project Status: Delayed due to legal dispute, pending financial closure