by clicking the arrows at the side of the page, or by using the toolbar.
by clicking anywhere on the page.
by dragging the page around when zoomed in.
by clicking anywhere on the page when zoomed in.
web sites or send emails by clicking on hyperlinks.
Email this page to a friend
Search this issue
Index - jump to page or section
Archive - view past issues
Whitehaven Coal Limited : Annual Report 2010
Whitehaven Coal Limited -- Annual Report 2010 11 Werris Creek Life of Mine Project Whitehaven 100% A Preliminary Environmental Assessment (PEA) has been submitted to the Department of Planning as the first step in seeking approval for an extension to the mine's life. Ongoing exploration at the Werris Creek mine has shown that the Werris Creek coal deposit is isolated and the extent of the resource has now been fully outlined. The Werris Creek Life of Mine Project involves a small increase in the approved rate of mining from 2.0 Mtpa to 2.5 Mtpa and the extended resource would provide an additional 20 year mine life beyond the currently approved mining area. The PEA proposal includes an increase in ROM and Product Coal Stockpiles from 100,000 tonnes to 200,000 tonnes; construction of a rail loop to minimise impact on the current rail line and an increase in coal transport by road to domestic customers to 100,000 tonnes from 50,000 tonnes per annum. Tarrawonga Modification Whitehaven 70%; Idemitsu Australia Resources 30% Ongoing exploration has resulted in a significant increase in reserves and resources at the Tarrawonga mine. The mine is currently seeking a modification to its approvals to increase the total coal production from approximately 12.4 to 16.4 million tonnes and improve the associated infrastructure to meet the requirements of the increased tonnage. The proposal does not involve changes to the mining method, maximum production rate (up to 2.0 Mtpa), mine workforce, or the life of the mine (i.e. 8 to 10 years). Bonshaw Exploration and evaluation work continued at Bonshaw during the year in accordance with tenement work programs. Blackjack Joint Venture During the last quarter of FY 2009 a wholly-owned subsidiary of Whitehaven entered into a 50:50 joint venture called the Blackjack Joint Venture (Blackjack JV) with Modderriver Minerals Pty Ltd, an associate of Pacific Carbon Pty Ltd. Whitehaven currently supplies some 80,000 tonnes of coal to Pacific Carbon's Kooragang Island plant at Newcastle, where coal is used to produce retort coke, a product for which international demand is growing strongly. The Blackjack JV completed construction of an additional two retorts adjacent to Pacific Carbon's existing Kooragang Island plant. These new retorts began operating in January 2010. In addition, the Blackjack JV has project approval for the construction of a new six-retort coke plant at Gunnedah. The timing of construction of this plant is dependent on sufficient demand being secured for the additional coke. Good progress is being made in this regard. Under the terms of the Blackjack JV, Whitehaven is providing 100% of the capital required to construct these new coke plants, estimated to be approximately $15 million in total with Modderriver's 50% share being funded by Whitehaven as an interest bearing loan, to be repaid by Modderriver from its 50% share of Blackjack JV cash flow. Whitehaven is the exclusive coal supplier to the Blackjack JV, and when completed the eight new coke retorts will consume approximately 240,000 tonnes of coal. This is in addition to Whitehaven's existing 80,000 tonne coal supply contract to Pacific Carbon. COAL RESOURCES AND RESERVES (100% BASIS) Whitehaven's JORC Coal Resources now total 1,632.9 Mt, with JORC Marketable Coal Reserves of 318.1 Mt. Opencut Marketable Coal Reserves are now in place to support 5 Mtpa of saleable production for more than 20 years.
Annual Report 2009
Annual Report 2011