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Clermont Data

Nearby Locations

Nearby Location News

  • ASX: Funding Secured to Support Blair Athol Mine Commissioning 2016-09-28
  • Greens group appeals to Qld govt as Blair Athol sale proceeds 2016-09-23
    Environmental group Lock the Gate Alliance has again appealed to the Queensland government to intervene in the $1 sale of the Blair Athol coal mine, saying the deal exposed the Queensland taxpayer to an ‘unacceptable risk’ of having to pay for the mine’s rehabilitation. Mining major Rio Tinto on Friday executed a binding sale and purchase agreement with ASX-listed TerraCom for $1.
  • ASX: TerraCom Executes Sale and Purchase Agreement 2016-09-22
  • Rio Tinto sells Australian coal mine for a dollar 2016-07-04
    A small Australian miner on Monday bought Rio Tinto's Blair Athol coal mine in Queensland state for a token A$1, swooping in as big miners offload unprofitable assets after years of low coal prices. TerraCom Ltd, a subsidiary of Orion Mining Pty Ltd, said it will also receive A$80 million ($60.10 million) from the mining giant to meet rehabilitation costs at the site.
  • Peabody sells undeveloped Bowen basin coal tenements to Pembroke 2016-05-11
    US coal major Peabody Energy has announced plans to divest of its interest in several undeveloped metallurgical coal tenements in Queensland’s Bowen basin. The energy major said this week that several of its Australian subsidiaries have entered into a sales and purchase agreement with Australia’s Pembroke Resources in a deal valued at A$104-million.

Clermont Information

  • General 2015-05-10
    The Clermont open cut thermal coal mine, 12 kilometres from the town of the same name, in Central Queensland, is operated by Rio Tinto Coal Australia for joint venture owners; Rio Tinto (50.1 percent), Mitsubishi Development Pty Ltd (31.4 percent), J-Power Australia Pty Ltd (15 percent) and JCD Australia Pty Ltd (3.5 percent). The deposit holds 190 million tonnes of thermal coal, and the mine has an expected life of 17 years. The Clermont deposit is contained within the Wolfang Basin, on the western margin of the Bowen Basin, a significant Permian coal basin stretching 600 km long and 250km wide. The major seam, named Wolfang, constitutes 90 per cent of the deposits' reserves and has an average thickness of 45 metres. When the mine reaches full capacity, scheduled for 2013, it will produce up to 12.2 million tonnes of thermal coal per annum. After being washed and prepared for sale, the coal is transported by conveyor to stockpile and rail facilities at the nearby Blair Athol Mine. From there, it is loaded onto trains for transportation 280 kilometres to the Dalrymple Bay Coal Terminal where it is shipped to international customers. The mine was owned and managed by Rio Tinto until its 50.1% share was sold to Glencore and Sumitomo for $1bn in 2013.

Related News

  • Glencore restarts Australia coking coal mine, shutters zinc 2016-11-01
    Diversified miner Glencore plans to restart mining activities at the Integra underground coking coal mine, in the Hunter Valley, as the price of metallurgical coal continues to rise. Glencore acquired the Integra mine, then known as Glennies Creek, from major Vale last year. The mine has been on care and maintenance since July 2014.
  • Evolution completes Ernest Henry buy 2016-11-01
    Gold miner Evolution Mining has completed the acquisition of a stake in the Ernest Henry copper-gold mine, in Queensland. Evolution previously agreed to pay diversified miner Glencore A$880-million for a 30% stake in the operation, entitling the company to 100% of the gold production at the mine, subject to an agreed life-of-mine and block model.
  • ASX: Completion of Ernest Henry Transaction 2016-10-31
  • Glencore to restart mine 2016-10-11
    Glencore's Collinsville to return to production due to coal market improvements
  • Glencore to restart mine 2016-10-11
    Glencore's Collinsville to return to production due to coal market improvements

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