It is madness that it should be destroyed for the sake of a temporary coal mine. The uncertainty surrounding the mine expansions threatens the existing workers on the site. Redundancy procedures were triggered on 2 September , as the expansion had not been approved. Following his election to parliament and appointment as Premier in early Campbell Newman announced that the government would not allow the New Hope Corporation to expand the New Acland mine , from 5 million tonnes a year to 10 million tonnes a year of thermal coal.
The LNP will not support the proposal for Acland stage three because it covers some areas of strategic cropping land, and would come too close to local communities.
Despite the rebuff, a spokesman for New Hope said that "we will continue to work with the new LNP government" but would not say whether they aimed to gain approval for an amended proposal. First coal from this southern pit was processed in mid September ," the report states. The scale of this incremental expansion will maximise production within existing mining approvals and fully utilise available rail capacity," the report stated.
The company was accused of illegal mining in and noncompliance with its license. The investagation was still ongoing in June Market Forces point out that NAB's involvement in the funding for New Acland Stage 3 contradicts its commitment to no longer finance new thermal coal mines or extensions. Log in Request account. Navigation Main page. There's a strong southern influence at work across Queensland cattle markets as NSW restockers with plenty of grass hunt for more trading opportunities.
A proposal to build a 65, standard cattle unit feedlot has been approved. Glenmorgan graziers who have been in goat production for two weeks were the equal top price purchasers at the inaugural Hendon Park Boer goat sale in Roma on Friday. Large scale Southern Downs region aggregation Ennisclare and Columba will be auctioned on December Farmonline Network Sponsored by.
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Focus on cost reduction as Stage 2 winds down. Strong cost focus with cost reduction projects underway. Total spend year-to-date under budget and cost per clean tonne under budget. The Land Court of Queensland hearing date is reserved for November In the meantime, redundancies and a ramp down of operations continue. The operation will transition safely into care and maintenance in late Source: p.
Consent Please keep me informed about Wood Mackenzie products, services and events. For details on how your data is used and stored, see our Privacy Notice. Report summary New Acland is a surface coal mine, located kilometres west of Brisbane in the Darling Downs region of Queensland, producing thermal coal predominantly for the export market. Table of contents Summary Key issues. Tables and charts This report includes 13 images and tables including: Detailed map Participation Coal seams View all tables and charts in this report Marketable reserves Production Production Operations Infrastructure Cash costs Cash costs Capital costs Product quality Economic assumptions.
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