Vale SA, the world’s biggest iron ore exporter, is seeking to build its own coal terminal in Queensland as it expands production from three to nine mines in Australia.
Vale plans to apply to build one of the four new export terminals planned as part of a $6.2 billion expansion at the Abbot Point coal port, Steve Badenhorst, Vale’s director of operations for Australia, said yesterday.
Vale is spending $24 billion globally this year on resources investments, including developing coal mines in Colombia and Mozambique.
Coal terminal interest deadline August 1
The deadline to lodge expressions of interest to build the Abbot Point terminals expires on August 1.
”We want coal to be the third-biggest revenue stream at Vale, behind iron ore and fertiliser,” Mr Badenhorst said. ”Much of our investment is in infrastructure.”
Morgan Stanley last month forecast a ”buoyant pricing environment” for coal for most of the next five years as economic growth in Asia boosts demand and rail and port bottlenecks keep supply tight.
Learn more about the Bowen Basin mining location.
The Bowen Basin contains the largest coal reserves in Australia. This major coal producing region contains one of the world’s largest deposits of bituminous coal.
The Basin contains much of the known Permian coal resources in Queensland including virtually all of the known mineable prime coking coal. It was named for the Bowen River, itself named after Queensland’s first Governor, Sir George Bowen.
The Bowen Basin covers an area of over 60,000 square kilometres in Central Queensland running from Collinsville to Theodore and is dotted with many coal mines operated by multiple mining companies.
Caterpillar Haul truck 793
The 793F has a load cpacityof 226.8 ton (US) and a top speed of 60 kilometres an hour. It's a turbocharged air-to-air aftercooled diesel engine that has enhanced power management capability for maximum hauling performance. The C175-16 is a 16-cylinder, four-stroke design that uses long, effective power strokes for optimum efficiency.
The 793F, is an autonomous-driven truck. Over 100 793F trucks are now operating via Command for hauling, the Cat autonomous truck operations system, which is a part of Cat MineStar™
Read more about the CAT 793 automomous mining dump truck on our website.
Resources and Infrastructure Industry (RII)
Commonly refered to as Black Coal Competency (BCC), the RII competency is one that can be attained by an operator who has previously worked in the industry and has completed a number of operating hours on various types of machinery.
RII competency is granted to prove correct and safe operation of mine site machinery. It is a very useful qualification to have, as it confirms the operator has the required experience and expertise.
You can transfer your nationally recognised civil Excavator, Front End Loader or Dozer tickets only to RII Black Coal Competencies.