Cook Colliery

From Global Energy Monitor

The Cook Colliery is an underground coal mine in Queensland, owned by QCoal. Its ownership has changed hands at least three times throughout the past 20 years.

Location

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Background

Mining began at Cook colliery in 1970. In 2003, ownership of the Cook colliery Xstrata Coal Australia was split between Xstrata Coal Australia Limited, with 50% interest, Centennial Coal Company Ltd with 45% interest, and Tokyo Boeki Australia Pty Ltd with 5% interest.[1] In 2004, Xstrata Coal bought Centennial’s interest, bringing their interest to 95%.[2]

In 2006, Xstrata Coal sold its majority stake in Cook Colliery to UK-based Caledon Resources for $A45.6 million. At the time, the mine’s life was estimated to be 20 years with an annual production target of 2 million tonnes per annum.[3]

Bounty Mining acquired the mine in 2017 for $31.5 million.[4] The mine experienced a roof-fall in October 2019, which caused a 23,000-tonne run-of-mine (ROM) loss in production for October. Additionally, the company estimated a further indirect loss of 150,000 tonnes ROM and 135,000 tonnes of reserves as a result of the roof fall.[5]

The company was placed into voluntary administration in December 2019, and the mine was put on care and maintenance.[6] [7]

According to a Bounty press release, “The appointment follows a period of depressed coking coal prices, production shortfalls in the wake of the previously announced roof-falls, and the inability of the board to source the additional funds required to support the company in its transition to place change mining.[6]

In April 2020, QCoal announced they would be acquiring Bounty Mining’s business, assets and subsidiaries including the Cook Colliery. In addition to the underground coal mine, QCoal would gain access to the other infrastructure at the colliery. According to an Australian Mining article, this includes a 13 kilometre paved haulage road, a coal holding plant, coal storage and handling for both coking and thermal coal, rail infrastructure and two active tailings storage facilities.[5]

Project Details

  • Sponsor:
  • Parent Company: QCoal[5]
  • Location: Located 29km south of Blackwater, and about 200km west of Rockhampton in Queensland.[1]
  • GPS Coordinates: -23.7159074, 148.8893157
  • Status: care and maintenance (as of December 2019)[5]
  • Production Capacity:406,000 Mt[8]
  • Total Resource: 210 million tonnes (Mt)[9]
  • Mineable Reserves:
  • Coal type: 80% hard coking coal and 20% premium thermal coal[4]
  • Mine Size:
  • Mine Type: Underground — bord and pillar extraction[1]
  • Start Year: 1970[10]
  • Source of Financing:

Articles and resources

References

  1. 1.0 1.1 1.2 Andrew J. Mutton, "QUEENSLAND COALS: Physical and Chemical Properties, Colliery and Company Information. 14th Edition.," "Department of Natural Resources and Mines: Bureau of Mining and Petroleum," 2003.
  2. Jijo Jacob, "Timeline: Major acquisitions by Xstrata since 2002," "Reuters," August 6, 2008.
  3. "Xstrata sells Cook Colliery stake," "Australia's Mining Monthly," June 21, 2006.
  4. 4.0 4.1 Lou Caruana, "Bounty acquires Cook Colliery," "Australia's Mining Monthly," November 14, 2017.
  5. 5.0 5.1 5.2 5.3 Salomae Haselgrove, "QCoal snaps up Bounty Mining," "Australian Mining," April 1, 2020.
  6. 6.0 6.1 "Appointment of Administrators," "Bounty Mining," December 17, 2019.
  7. Salomae Haselgrove, "QCoal snaps up Bounty Mining," "Australian Mining," April 1, 2020.
  8. Jeffery Lu, Paul Bartholomew, "Australia's Cook coking coal mine to shut as producer Bounty goes into administration," "S&P Global Platts," December 18, 2019.
  9. "Cook Colliery," "Bounty website," accessed June 2020.
  10. "Blackwater," "Centre for the Government of Queensland," accessed June 2020.

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External resources

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