Gina Rinehart said on Sunday that she’s confident the GVK Group`s Alpha Coal and Rail project in the Galilee Basin of Queensland, in which she is a minority stakeholder, will get the go-ahead and receive the necessary environmental clearances from the Australian federal government by August.
GVK acquired a 79% stake each in the Alpha Coal and Alpha West Coal mines and 100% stake in Kevin`s Corner mines in October for $1.26 billion. Rinehart owns the remaining 21% stake in the Alpha Coal project.
GVK secured environmental approval for the project from the Queensland government, however the approval process was stalled by the federal government on June 5th because more information on the impact on the environment was required.
Project means infrastructure and mining jobs.
Rinehart said the Alpha project is very important to Australia. “. . . It means some revenue, it means more mining jobs.”ť
The three coal mines together have estimated coal reserves of about 8 billion tonnes and a capacity of more than 80 million tonnes per annum when fully operational. GVK is also building a 495km rail line and a 60 mtpa port as part of the pit-to-port logistics solution with a total investment of $10 billion. This means a lot of job opportunities for skilled and semi-skilled workers who are looking for a career in mining.
Rinehart said she is open to raising her stake in the Alpha mine project if the need arises. “I would love to be in the project more. I am very happy to have higher investment and it`s most important to get this project off the ground”ť she said.
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.