Business

Mine expansion a boost for Gladstone and WICET

A MINE expansion in the Baralaba community worth $313 million will send coal to be exported out of the new Wiggins Island Coal Export Terminal in Gladstone when it comes online.

Cockatoo Coal is one of the eight owners of the WICET consortium, and the first part of the mine expansion will enable Cockatoo Coal to expand coal production from about 700,000 tonnes a year to about a one million tonnes of metallurgical coal a year.

This will climb to 3.5 million tonnes per annum by 2015.

The expansion creates 200 new jobs for the region over the next two years and the company has committed to largely sourcing local workers.

Cockatoo Coal CEO Andrew Lawson said the coal from the mine's expansion would be exported initially to Japan and Korean markets.

"This coal will be exported through the Wiggins Island Coal Export Terminal in Gladstone, bound for Japan and Korea for steel making purposes, with future opportunities in China, Taiwan and India," Mr Lawson said.

"Baralaba has a long history as a mining town and about half of our company people come from Baralaba and the surrounding district, so I see this growth as a real positive for the community."

Deputy Premier and Minister for State Development, Infrastructure and Planning Jeff Seeney said Cockatoo Coal's $313 million investment demonstrated Queensland's coal industry had a prosperous, competitive future.

"Queensland coal is rightly regarded as among the world's best and Cockatoo Coal's expansion of its operations demonstrates the company's confidence for the future," he said.

Mr Seeney said the company was a good corporate citizen, and its investment in the town of Baralaba and the wider central Queensland region had improved the region's infrastructure.

Topics:  coal, cockatoo coal, gladstone, mining, resources, wicet



BREAKING: Emergency services at gas leak in Gladstone

Gas leak at Gladstone.

Fire crews are at the scene working to make it safe.

WATCH: Gladstone crabber losing livelihood to thieves

Alan Grayson is furious with the ongoing thefts of crabs and pots in the region.

GLADSTONE crabber warns off fish and pot thieves in Boyne waterways.

Local Partners

Kim Kardashian West wants restraining order against prankster

She was attacked by Vitalii Sediuk for the second time in two years

Cliff Richard to release 101st album

Sir Cliff Richard's album cover

Sir Cliff Richard is to release his 101st album

CMC Rocks faces fan backlash over date change, headliners

The 10th annual CMC Rocks festival will be headlined by The Dixie Chicks.

FANS are not happy about festival being pushed back by two weeks.

Kim Kardashian West attacked by man trying to kiss her bottom

Vitalii Sediuk targeted Gigi Hadid last week

Madonna poses naked in solidarity with Katy Perry

Madonna posted her own nude selfie on Instagram

$40million hotel, shops development project for Mackay

Mt Pleasant hotel and retirement accommodation, proposed at 194-202 Malcomson St.

$40m development to take Mackay to 'the next level'

'Flex muscles': Gladstone suburb drops $120K

BUYERS are scooping unprecedented deals by “flexing their muscles at the table”

Few bright lights for property after mining downturn

The Gladstone Regional Council wants associated LNG companies like Bechtel to be apart of the EIS housing accommodation strategy from the outset of the projects and not mid-way through.

Tannum Sands continues to write its own property success story

Property 200m from ocean selling for just over $100K

BEACHCOMBER PARK: Work has started on a new $19.2 million development at Toogoom.

The estate's developer is offering huge discounts for early buyers.

UPDATE: Former rodeo champ's sale rained out, now back on

Larkhill local Ken Consiglio is having an auction of most of the things on his property.

'People kept showing up and we had to turn them away'

Market opens as Gladstone sellers drop prices to force sale

VENDORS are dropping the price on houses to force a sale.