Another giant LNG deal with China
Gold Coast ““based Icon Energy has signed a memorandum-of understanding with Shenzhen Sino Industrial Development to supply 40 million tonnes of liquefied natural gas (LNG) over 20 years.
In an export deal valued between $A23 billion and $A32 billion, Icon would commence its first shipments of liquefied natural gas (LNG) to China in 2014.
Coal seam gas is one of the cleanest of fossil fuels. In addition to its low greenhouse gas impact, the sector may also have some answers for another environmental problem ““ water shortages. Water is a by-product of CSG production and much work is being done on reclaiming CSG by-water to make it fit for a variety of purposes.
CSG production in Queensland has developed more rapidly than most analysts expected and already provides more than 70% of the state`s gas supplies.
The Gas Sale Agreement (GSA), scheduled for negotiation and execution by 31 August this year, would position Icon as the exclusive supplier of 40 million metric tonnes of LNG.
Managing Director, Mr Ray James said that Icon intended to meet its contractual requirements from its current tenements in Queensland and in South Australia; through arrangements with existing joint venture partners; and via new tenements and farmin agreements.
Mr James said today that the agreements marked a logical next step in Icon`s evolution from gas explorer to producer and supplier.
“As a wholly-owned Australian company we`re delighted to be negotiating a gas sale contract in China that ranks close to the recent announcements of our multi-national competitors.”ť
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 worldâ€™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 Queenslandâ€™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 MineStarâ„˘
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.