Firm reveals coalmining expansion
MINING company OGL Resources plans to export 300,000 tonnes of coal from Ipswich next year and increase that 10-fold by 2020.
OGL Resources managing director managing director Allan Fidock told the Australian Stock Exchange this week of OGL plans to start exporting coal from its reactivated Ebenezer mine in 2013.
Within the first couple of years, the company expects three trucks an hour will be hauling coal from the mine to the Port of Brisbane.
OGL also told the stock exchange that phase two of its mining operation in Ipswich involved exporting coal from the massive Bremer View coal project beside Ebenezer from 2019.
OGL said it planned to mine at a rate of 600,000 tonnes a year within 12 months from Ebenezer.
That will expand to 1.5 million tonnes a year within two to three years and increase to three million tonnes a year after Bremer View is up and running.
OGL said three trucks per hour would be used for 600,000 tonnes a year production. Coal trains would be needed after that.
"OGL received an initial Indicative Access Proposal from QR National to rail up to 600,000 tonnes of coal a year for 15 years from the Ebenezer Mine," Mr Fidock said. "OGL has submitted formal request to QR for rail capacity to Port of Brisbane for phase two production output.
"Port of Brisbane Authority is targeting a doubling of coal export capacity to 20 million tonnes a year by 2020. OGL is a logical cornerstone customer due to proximity to Port."
OGL is seeking to raise $60 million to $100 million to acquire Ebenezer and Bremer View from Zedemar Holdings, and recommission the Ebenezer mine.
A group headed by Flight Centre founder Graham Turner is appealing former Mines Minister Stirling Hinchliffe's decision to renew a lease on the Ebenezer mine.
Mr Turner's group is also opposed to Bremer View, saying it threatens about 300 landholders and a large koala population.