Project Progress

June 2014

 

Construction at Maules Creek started in January 2014 and at the end of June 2014 was  more than 50 per cent complete. The project is one of the most significant investments currently underway in regional NSW. The project construction costs are estimated to total $767 million.

 

When operating at full capacity Maules Creek is expected to employ about 450 people sourced predominantly from the local region in North Western New South Wales.

 

For more information on job vacancies at Maules Creek and details how to apply please visit here.

 

Construction is on budget and schedule for first coal to be railed in March 2015.

 

On average there are some 430 people engaged on site construction activity. The safety performance over the whole site is commendable with no LTIs recorded to date with in excess of 400,000 hours worked. Major contractors engaged include Leighton Contractors, Ditchfield and Downer.

 

As at the end of June 2014, rail line construction is 43 per cent complete.

Mining equipment has started to arrive on site with the first large excavator and assembled and ready to start mining of of the boxcut expected in August 2014

 

The following table provides an update on construction progress of the projects key components.

 

 

Site construction

 

 

 

 

The Maules Creek Project Team

 

 


Location

Maules Creek Coal Project is located in the heart of the Gunnedah Basin and is within close proximity of critical infrastructure. It is approximately 18km north-east of Boggabri and only 16km from the main railway line servicing the coal terminals at the Port of Newcastle, which is 360km south-east of the project.

Coal types
High quality, low ash, low sulphur and low phosphorus semi-soft coking coal and low ash, low sulphur, high energy thermal coal.

Manager

Maules Creek Coal Joint Venture.

 

Tenements: CL 375 and (A) 346


Mining Operations

The Maules Creek Project was fully approved in July 2013.

It is one of the last major undeveloped and significant multi-seam coal deposits in New South Wales and is expected to sustain a potential project life in excess of 30 years. It is approved to extract up to 13 Mt of coal per annum and rail 12.4 Mt of product from the site in any calendar year.

First coal sales are expected to occur in the first quarter of calendar 2015.

Production Statistics

Whitehaven's most recent production statistics can be found in our Quarterly Reports released to the Australian Securities Exchange. You can find the most recent Quarterly Report here.

Remarks

The Maules Creek Project is considered to be one of only a few remaining Tier 1 undeveloped coal assets in Australia. It is also one of the largest coal deposits in Australia with 362Mt of recoverable reserves.




Joint Venture Participants

Joint Venture ParticipantInterest
Whitehaven* 75.0%
ITOCHU 15%
J-Power 10%