Codrilla Mine Project

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Codrilla Mine Project is a proposed pulverised coal injection surface mine. The proposed project is located 62 km south-east of Moranbah and approximately 45 km south south west of Nebo in Central Queensland, Australia.

Since 2012 to the present day, October 2019, little has been written about this project. Peabody owns the significant share and does not mention Codrilla on its website. It may not still be an active proposal. The site was initiated by Macarthur Coal which Peadbody bought out in 2011 for almost $5 billion.[1]

Australian Bureau of Agricultural and Resource Economics stated in 2010 that an Environmental Impact Statement on the project was being prepared and that the mine is projected to produce 3.2 million tonnes of pulverised coal injection (PCI) and thermal coal per annum.[2]

On its website, Macarthur Coal stated that "the Codrilla project is undergoing intense scrutiny for accelerated development and a concept mine study of the Codrilla deposit has been completed." The study was based on the mine producing up to 4.0Mtpa ROM [Run of mine] coal and 3.2Mtpa product coal consisting of 80% low volatile PCI coal and 20% thermal coal. "It is anticipated that there would be a stand-alone CHPP [Coal handling and preparation plant] with the product hauled to Moorvale for train loading," the company states. "Infill drilling between Moorvale Mine and the Codrilla deposit has highlighted areas capable of providing additional Resources for the Codrilla project area. Work is being undertaken to increase this project’s development status with baseline environmental and economic feasibility studies to complete prior to the lodgement of a Mining Lease Application."[3]

Coal from the mine would be exported via the Dalrymple Bay Coal Terminal.[4]

Location

The undated image below shows the approximate location of the mine.[5]

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Coal Mine Background

Initially the Codrilla Project was proposed by the Bowen Basin Coal Joint Venture, which was a joint venture arrangement between Bowen Basin Investments (85%)(who are in turn a a 100 per cent owned subsidiary of Macarthur Coal) and CITIC Bowen Basin(15%). CITIC Bowen Basin is a 100 per cent subsidiary of CITIC Australia.[5]

On 30 June 2011, the joint venture parties entered an arrangement to sell the Codrilla Project to the Coppabella and Moorvale Joint Venture. The sale involved Macarthur Coal and CITIC’s subsidiaries selling a 19.7% interest in the project to the Coppabella and Moorvale Joint Venture, with Macarthur Coal retaining a 73.3% ownership of the Codrilla Project and CITIC retaining a 7% ownership through their subsidiaries’ participation in the Coppabella and Moorvale Joint Venture, reflecting the ownership of the Coppabella and Moorvale mines.[5] NS Resources Australia acquired a share in Codrilla in June 2011.[6]

Project Details

  • Sponsor: Coppabella and Moorvale Joint Venture
  • Parent Company: 73% Peabody[7]
  • Location: Approximately 6km from Coppabella, 120 km south-west of Mackay[5]
  • GPS Coordinates: -21.922182, 148.417290 (approximate)[5]
  • Status: Proposed (but not progressed recently)
  • Production Capacity: 3.2 Mtpa[5]
  • Total Resource:
  • Mineable Reserves:
  • Coal type: Pulverised Injection Coal (for steel making)[5]
  • Mine Size:
  • Mine Type: Surface mine[5]
  • Start Year:
  • Source of Financing:

Contact details

Website: http://www.syntechresources.com.au

Articles and resources

References

  1. Mark Scott, "Peabody Energy Wins Full Control of Macarthur Coal", Deal Book, 16 November 2011.
  2. Australian Bureau of Agricultural and Resource Economics, "Minerals and energy: Major development projects", April 2010. (Pdf). The list is also available in Excel format here.)
  3. Macarthur Coal, "Advancing Our Project Portfolio", Macarthur Coal Annual Report 2008.
  4. Macarthur Coal, "Exploration Prospects", Macarthur Coal website, accessed August 2010.
  5. 5.0 5.1 5.2 5.3 5.4 5.5 5.6 5.7 Department of Environment and Resource Management"EIS Assessment Report for the Codrilla Coal Mine Project", Queensland Government, pdf page 2 October 2011.
  6. Jones Day, "NS Resources Australia acquires minority interest in Codrilla Deposit", Jones Day website June 2011.
  7. Peabody, "Coppabella mine" accessed 22 October 2019.

Related SourceWatch articles

External resources

External articles