HELP CMD SHINE A LIGHT ON CORRUPTION!

Thanks to a $50,000 challenge grant, your gift will be matched 1-to-1, so every dollar you give today will go twice as far!
GIVE TODAY!

Proposed coal projects in the Kimberley, Western Australia

From SourceWatch
Jump to: navigation, search

At present, there are no operating coal projects in the Kimberley. However, there are a number of coal exploration projects of which Rey Resources Duchess Paradise Project is the most advanced.

Project tracker

Company Project Proposed tonnage (million tonnes per annum Status Notes (as of November 2012)
Rey Resources Duchess Paradise Coal Project 2.5 Commencing permitting process, Public Environmental Review released first half 2013 It is unclear what the impact of the internal company turmoil at the November 2012 AGM will be on the company's strategy
Rey Resources Liveringa Coal Project unknown Early exploration Project appears to be dormant; there is no mention by Rey of the project in its September 2012 quarterly report
ASF Resources unnamed but adjoins Rey's Duchess Paradise area insufficient information Early exploration Limited information provided in September 2012 quarterly report on what seems to be disappointing drilling results
Canning Basin Coal Lightjack Hill Coal Project insufficient information Early exploration Work on hold, company scaling back exploration licence holdings. Any coal development considered uncommercial due to low coal prices and competition from Indonesia
Stratum Metals Canning Basin Coal Project insufficient information Early exploration Desktop geological survey only, no drilling undertaken
Cullen Resources Canning Basin Coal Project (Cullen Resources) insufficient information On hold Unpromising drilling results; in September 2012 quarterly report Cullen states that "minimal activity" is being undertaken and the project is not included in its "near term activities" list
Canning Coal unnamed insufficient information On hold Canning Coal's parent company, Australia Minerals and Mining Group , has made no substantive mention of the project in over a year since signing a MOU with Anhui Lianghuai Resources

Coal exploration projects in the Kimberley

  • Rey Resources, which holds extensive exploration licences for coal south of Derby. The company states that the coal in the region is of thermal quality only and would be for export to China and India. The company has flagged that Derby Export Facility would be initially developed to cater for the Duchess/ Paradise Coal Project but that, due to the tidal range, has limited potential for development. The company states that the closest deepwater port is at Point Torment, approximately 175 kilometres to the north.[1] Rey Resources has touted a number of notional projects including the Duchess Paradise Coal Project, which the company states it is investigating as a possible export thermal coal operation comprising open cut and underground mines[2] and the Liveringa Coal Project, a possible underground coal mine.[3] The company has also stated that it is also considering coal bed methane[4] extraction and underground coal gasification.[5]
  • ASF Resources (ASFR) is a small exploration company which holds 8 exploration licences in the Canning Basin in the Kimberley region of Western Australia. The ASF Group -- the major shreholder in Rey Resources -- holds 48% of the company. The ASF Group states that ASFR's "drilling program will initially focus on its tenements that adjoin Rey Resources Limited’s JORC-compliant Duchess Paradise coal tenements."[6] In its In its September 2012 quarterly report, ASF stated that during the quarter 38 holes were drilled across four exploration licences. However, the company provided limited details of the results of the drilling only that what drilling was completed "showed signs of intersecting coal both at P1 and P2 seams at depths between 190m and 250m. Based on the initial work, further drilling will need to be completed in order to determine the seam thickness. No core drilling was able to be started."[7]
  • Canning Basin Coal, a subsidiary of TPL Corporation, has three exploration licences over 724 square kilometres of the Canning Basin. The company has touted its potential as the Lightjack Hill Coal Project. (TPL had its origins as a web-based publisher while Canning Basin Coal has no operating coal or other mining projects.)[8] Canning Basin Coal suggests that one possibility with coal in the area could have "Underground Coal Gasification potential".[9][10] In September 2012 TPL reported that it a report by CSA Global cast doubt about the viability of any possible project in the company's tenements. TPL report that "in the current coal market, given the superior quality and availability of Indonesia low energy coals, CSA have advised TPL that it is unlikely that there would be a demand in the short to medium term term for any commercially mineable coal located at the Lightjack Hill Project"[11]
  • Stratum Metals Canning Basin Coal Project is covered under several exploration titles. However, as of November 2012, the company has only undertaken a desktop survey of the geology of the area[12] [13] and undertaken no drilling program of its own.
  • Cullen Resources, another junior exploration company, has touted the Canning Basin Coal Project (Cullen Resources) with Advaita Canning Resources. The company states that the project cover 1315km² "of tenements and applications". It also reports that from a 23 hole drilling program, coal was discovered in only four holes and then only thin seams. (The company states the seams are "0.19-0.55m thick".)[14] In its September 2012 quarterly activities report Cullen stated of this and its other coal interests, that "currently there is minimal activity on these projects pending tenement approvals, and Cullen may seek to farm – out these projects pending improvement in investor sentiment in the coal sector."[15] In an October 2012 investor briefing the company did not mention its coal properties or list them in its "near term activities" list.[16]
  • Canning Coal is a wholly owned subsidiary of of Australia Minerals and Mining Group (AMMG). In August 20-11 Canning Coal signed a Memorandum of Understanding (MOU) with the Queensland-based Anhui Lianghuai Resources Pty Ltd "for potential capital investment and project development of AMMG’s Western Australian based Canning Basin coal project". Anhui Lianghuai Resources is an Australian registered wholly owned subsidiary of the Anhui Provincial Bureau of Coal and Geology of China.[17] The project appears to have been quietly shelved. In AMMG's quarterly activities report for until the end of December, Canning Coal didn't even rate a mention.[18] The silence on Canning Coal continued in the quarterly activity report for the March quarter[19], and rated only a passing mention in the June activity report.[20] and nothing in the September report.[21]

Articles and resources

References

Articles and resources

References

  1. Rey Resources, "Canning Basin Overview", Rey Resources website, accessed December 2010.
  2. Rey Resources, "Duchess/ Paradise", Rey Resources website, accessed December 2010.
  3. Rey Resources, "Liveringa", Rey Resources website, accessed December 2010.
  4. Rey Resources, "Coal Bed Methane", Rey Resources website, accessed December 2010.
  5. Rey Resources, "Underground coal gasification", Rey Resources website, accessed December 2010.
  6. ASF, "ASF Resources", ASF Group website, accessed November 2012.
  7. ASF, "Exploration Activities: Quarter ended 30 September 2012", ASF Group, October 31, 2012, page 1.
  8. TPL Corporation, "TPL Corporation", TPL Corporation website, accessed December 2010.
  9. Canning Basin Coal, "Canning Basin Coal", Canning Basin Coal website, accessed December 2010.
  10. Robin Bromby, "Coal tempo gathers pace in WA", The Australian, July 12, 2010.
  11. TPL Corporation, "Results of Drill Programme", Media Release, September 11, 2012.
  12. Stratum Metals, "Investor Presentation", March 8, 2012, page 15.
  13. Stratum Metals, "Quarterly Activities Report", Stratum Metals, October 31, 2012, page 7.
  14. Cullen Resources, "Key projects", Cullen Resources website, accessed November 2012.
  15. Cullen Resources, "Quarterly Report for the period ended 30 September 2012", Cullen Resources website, October 31, 2012, page 18.
  16. Cullen Resources, "Investor Update - October 2012", Cullen Resources, October 16, 2012, page 21.
  17. "Chinese Exploration Bureau signs MOU with AMMG on its Canning Basin coal project", Media Release, August 31, 2011.
  18. Australia Minerals and Mining Group, "December 2011 Quarterly Report", January 2012.
  19. AMMG, "March 2012 Quarterly Report", April 2012.
  20. AMMG, "June Quarterly Activities Report", July 2012, page 7.
  21. AMMG, "September Quarterly Activities Report", October 202.

Related SourceWatch articles

External resources

External articles