Wesfarmers Resources

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Wesfarmers Resources is a wholly owned subsidiary of Wesfarmers which owns and operates one mine in Queensland and has a major stake in another in New South Wales.[1]

Existing coal mines

Wesfarmers Resources:

  • owns and operates the Curragh mine in Queensland’s Bowen Basin; and
  • has a 40 per cent interest in the Bengalla mine in the Hunter Valley in New South Wales.

Potential expansion

In January 2014 Wesfarmers Resources announced that it had bought a mineral development licence located between and adjacent to the Wesfarmers Resources’ Curragh and Curragh North mining leases from a subsidiary of Peabody Energy for $A70 million. Wesfarmers Resources stated that Mineral Development Licence 162 -- MDL 162 as it refers to it -- as containing 67 million tonnes of coal reserves and with a a total coal resource of 255 million tonnes.[2]

Divestment

In late September 2011 Wesfarmers Resources announced that it had agreed to sell its Premier mine and char businesses in Western Australia to a wholly owned subsidiary of Yancoal Australia Limited (Yancoal) for $296.8 million.[3] Yancoal Australia is a subsidiary of China-based Yanzhou Coal. [4]

Contact details

Wesfarmers Resources Limited
Level 31, Central Plaza One
345 Queen Street
Brisbane 4000
Queensland
Telephone: (61 7) 3031 7777
Facsimile: (61 7) 3229 7402
Website: http://www.wesresources.com.au
Contact us: reception AT wesresources.com.au

Articles and resources

References

  1. Wesfarmers Resources, "Our Mining Operations", Wesfarmers Resources website, accessed March 2013.
  2. Wesfarmers Resources, "Curragh acquires additional coal reserves", Media Release, January 20, 2014.
  3. Wesfarmers Resources, "Agreement to Sell Premier Coal", Media Release, September 27, 2010.
  4. Yvonne Lee, "Yanzhou Coal Agrees To Buy Two Coal Firms From Wesfarmers For A$296.8 Million" Fox Business, September 27, 2011.

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External resources

External articles