Shareholders are to invest A$401 million in the large-scale expansion of the Carborough Downs coking coal mine near Moranbah in Queensland, Australia.
Carborough Downs is an underground mine operated by Carborough Downs Coal Management and owned 80% by Vale. Other shareholders include Tata Steel (5%), Nippon Steel (5%), Posco (5%), JFE Steel (2.5%) and JFE Shoji (2.5%)
Construction is scheduled to begin this month and the commissioning of the large-scale and new mining equipment (Longwall), which will be one of the largest in Australia, is expected by mid-2009.
Carborough Downs began production of coking coal in August 2006. Subsequently, based on a study of coking coal quality and geotechnical conditions acquired through exploration and operation, Carborough Downs JV decided to expand its underground production by the Longwall method. This investment will ensure annual production of 4.9 million tonnes of run-of-mines (ROM) to yield 3.7 million tonne of coking coal and PCI coal from the third quarter of 2009.
Source: Times Of India
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