BENGAL COAL: Around 200 jobs could be created for the Dysart East Underground Coal Mine.
BENGAL COAL: Around 200 jobs could be created for the Dysart East Underground Coal Mine. Contritbuted

New CQ coking coal mine means 200 more jobs

CENTRAL Queensland's metallurgical (coking) coal sector recently received a timely shot in the arm with yet another new Bowen Basin mine being granted a lease.

In recent times, there's been growing interest demand for coking coal in the Bowen basin with a number of projects including the Karin Basin and Kestral coal mine, being acquired and developed to source the essential ingredient for the production of steel.

READ: Massive interest and investments in CQ coking coal projects

Queensland Coal Basins with coking coal area highlighted.
Queensland Coal Basins with coking coal area highlighted. Contributed

Bengal Coal secured the lease from the Queensland Government until 2039 for their relatively small mine, Dysart East.

The mine was expected to much need jobs while producing about 1.9m tonnes of prime hard coking coal annually.

READ: Australia's coking coal statistics make for good reading

Coking coal statistics from the Department of Industry, Innovation and Science, December 2017 edition of the Resources and Energy Quarterly.
Coking coal statistics from the Department of Industry, Innovation and Science, December 2017 edition of the Resources and Energy Quarterly. Contributed

The Queensland Resources Council welcomed the Palaszczuk Government's decision to issue a mining lease for a mine near Dysart in central Queensland saying it would create construction jobs and 200 operational jobs for the life of the mine.

QRC Chief Executive Ian Macfarlane said Bengal Coal's plan is to develop the new underground coal mine in the Bowen Basin was more good news for the coal industry.

GROWING NEED: Coking coal demand forecast
GROWING NEED: Coking coal demand forecast Contributed

"Queensland metallurgical coal is used in steel and other forms of manufacturing and is enjoying increased global demand,” Mr Macfarlane said.

"A lot of people talk about diversity in our sector in terms of employment, but we also need diversity in the size of the companies involved in producing and this lease allows smaller coal deposits to be mined.

COAL HUNGRY: Kestral Coking Coal was another recent acquisition in a sign of a growing demand for coking coal mines in the Bowen Basin.
COAL HUNGRY: Kestral Coking Coal was another recent acquisition in a sign of a growing demand for coking coal mines in the Bowen Basin. Contributed

"Coking coal is major contributor to Queensland's economy and a key part of the State's resources sector. The Queensland resources sector now provides one in every $6 dollars in the Queensland economy, sustains one in eight Queensland jobs, and supports more than 16,400 business across the State all from 0.1 percent of Queensland's land mass.”

READ: Powerhouse resource sector driving regional employment

Coking Coal is selling for a good price on international markets.
Coking Coal is selling for a good price on international markets.


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