DBCT operates 365 days per year and can accommodate vessels up to 220,000 DWT with a loading rate of 7,200 tonnes per hour. It receives various coals from a variety of coal producers. Customers are able to access different coals to meet their specific production requirements from one port, thereby avoiding the additional cost of loading at multiple ports. DBCT provides the additional cost-effectiveness of being one of the closest Australian ports to the Asian market.
Current port capacity at DBCT is 85 million tonnes per annum after the expansion in 2009. The mines have long term agreements with Aurizon in relation to coal transportation.
CMJV employs an environmental consultant to advise on environmental management practices at the mines and to ensure compliance with applicable laws, regulations and standards.
The coal mining industry positively impacts the provision of both urban and rural infrastructure. The Queensland government receives royalties for all Queensland coal sold.
Besides, CITIC Bowen Basin Pty. Ltd. (“CITIC Bowen Basin”), an indirect wholly-owned subsidiary of the Company, completed disposal of its 8% interest in the Codrilla Project to certain CMJV participants in June 2011. Meanwhile, CITIC Bowen Basin has also transferred its remaining 7% interest in the Codrilla Project to CITIC Australia Coppabella Pty Limited ("CITIC Coppabella"), an indirect wholly-owned subsidiary of the Company and a CMJV participant. At present, the Company holds 14% of the Codrilla Project through its interests in the CMJV.
Coppabella Coal Mine
The Coppabella Mine is situated 140 km south-west of Mackay in North Queensland, Australia.
The development of the Coppabella Mine from a greenfields project to a coal production project set an industry benchmark. The development was completed in less than 12 months, allowing mining to commence in July 1998. The mining lease over the initial mining area was granted on 1 June 1998 after signing a Native Title Agreement on 11 May 1998.
The successful development of the Coppabella Mine is based on:
- production of an 8.5% ash low volatile PCI coal for a growing market;
- the existence of a large, shallow coal deposit with an average seam thickness of about ten metres;
- the close proximity to rail and port infrastructure; and
- the modern, efficient coal preparation plant.
The Coppabella Mine completed its first shipment of PCI coal on 6 November 1998 which was exported to Japan. The washing capacity of the coal handling and preparation plant is currently above 800 tonnes per hour, giving the plant an annual throughput capacity in excess of 6 million tonnes of raw coal.
The thickness of seam currently being mined is 10 metres. It has 27 million tonnes of reserves as at 31 December 2020.
The products of Coppabella Mine are mainly exported to Asia, Europe and Brazil.
Moorvale Coal Mine
The Moorvale Mine is situated 157 km away from DBCT and 13 km south of the Coppabella Mine.
The strategic strengths of the Moorvale Mine include:
- its proximity to the rail corridor and port;
- relatively low operating and capital costs; and
- flexibility to produce:
|an 9% ash low volatile PCI coal;
|13% to 17% ash thermal coal; and,
|an 8% ash coking coal.
The development of the Moorvale Mine from a greenfields project to a coal production project was completed in just 12 months after granting the mining leases on 5 December 2002. The overburden removal commenced shortly afterwards. Uncovering coal began in March 2003.
The Moorvale Mine completed its first shipment of export coal on 6 December 2003. The washing capacity of the coal handling and preparation plant is currently 600 tonnes per hour, giving the plant an annual throughput capacity in excess of 3.4 million tonnes of raw coal.
The thickness of seam currently being mined is approximately 9 metres. It has 7.26 million tonnes of reserves as at 31 December 2020.