Business

Bright future for regional coal mine despite market

Bandanna Energy managing director Michael Gray on site at the Springsure Creek project. Photo Contributed
Bandanna Energy managing director Michael Gray on site at the Springsure Creek project. Photo Contributed Contributed

List of Gladstone Engineering Alliance's Golding Major Industry Conference speakers

A MINE at Springsure Creek is positioned to become Australia's next major thermal coal project despite current tough coal markets, providing more jobs for the Gladstone region.

Bandanna Energy managing director Michael Gray, in Gladstone for the Golding conference, said because of its size and high coal quality, location close to existing infrastructure, contracted port and rail capacity, competitive cost structure and advanced approvals, the mine was positioned well for the future.

Bandanna Energy is a 14% shareholder in the Wiggins Island Coal Export Terminal (WICET), and Mr Gray will be one of the speakers at the Gladstone Engineering Alliance's Golding Major Industry Conference this week.

The Observer has asked the man behind Australia's next coal producer what his thoughts are on Gladstone, coal and WICET.

Q - What are your major topics of discussion at this year's event?

I am keen to discuss progress of development of our Springsure Creek Coal project.

In particular, I'm to address some of the key challenges impacting on project development and also focus on what we see has substantial long-term demand for high-quality cost-competitive coal in key Asian markets.

Bandanna is the second-largest shareholder in the Wiggins Island Coal Terminal and with the continued progress of construction of that project, we are focused on bringing Springsure Creek into development over the next two years to utilise the new port and rail capacity.

Q - What does it mean to your company to be involved in the 10-year event?

I am pleased to be involved in the milestone event and the involvement of Bandanna perhaps highlights the milestones that the company has achieved as it progresses from being a small coal explorer to becoming a shareholder in Wiggins Island and now transitioning toward becoming Australia's next coal producer.

Q - What messages are you trying to get across?

That despite current tough coal markets, there remains substantial growth in demand in North Asia, Southeast Asia and South Asia over the medium and long term.

That demand provides substantial opportunity to the Queensland industry.

Also, Springsure Creek, due to its size and high coal quality, location close to existing infrastructure, contracted port and rail capacity, competitive cost structure and advanced approvals, is positioned to become Australia's next major thermal coal project.

Q - Is your company bringing jobs to the region?

The project will involve 380 direct full-time and 560 flow-on jobs in 2015. When fully operational the project will employ more than 580 full-time employees.

Q - What sort of production are you looking at to go through the Gladstone Port?

We have a 4Mtpa contract for export through Gladstone. We do have plans for expansion of the project to ultimately more than 11Mtpa and hope to obtain additional capacity at Wiggins over the long term.

Conference speakers

Wednesday:

  • 9.15-9.30am Gladstone State Member, Liz Cunningham
  • 9.30-10am Golding CEO, Geoff Caton
  • 10-10.45am Westpac head of economics and research Bill Evans
  • 11.15-noon: Gladstone Regional Council CEO Stuart Randle
  • 12-12.30pm Aurizon engineering manager Victor Abbott
  • 2-2.30pm Bandanna Energy director Michael Gray
  • 2.30-3pm Boyne Smelter GM Joe Rea
  • 3-3.30pm Evans & Peck consultant Howard Thomas

Thursday:

  • 9.15-9.45am QRC director David Rynne
  • 9.45-10.30am QGC project director Mitch Ingram, Monadelphous GM, strategy, Chris Tabrett
  • 11-11.30am GILG CEO Kurt Heidecker
  • 11.30am-noon GPC planning and development manager Gary Carter
  • Noon-12.30pm Ode Management's Chris Helder
  • 1.45-2.15pm Queensland Energy Resource operations manager Chris Anderson
  • 2.15-2.45pm Santos GLNG supply chain manager Michael Batiste

Topics:  gladstone engineering alliance gladstone industry golding industry conference



Don’t go chasing waterfalls…find them on these drives!

BRISBANE isn’t all bright lights and city slickers.

Science Festival seriously awesome

Don't miss the World Science Festival Brisbane!

CALLING everyone who wants to see something totally cool.

Drink where the cool kids do this summer

There are a bunch of new bars open in Brisbane, make sure you're there!

CHECK out these new funky bars.

Discover Brisbane’s laneway gems

Brisbane's laneways will surprise you.

NOT all of Brisbane City is as it seems…

Top five things to experience this summer in Brisbane

Tangalooma is amazing if you're keen for a dive, kayak or swim.

THIS summer get out and explore your capital city.

Your boots are made for walking these tours

Brisbane Greeters tours are a great way to learn the local history of the city.

YOU don’t need a bike or bus for a seriously good tour of Brisbane.

Is Brisbane the new arts and culture capital?

Check out GOMA's latest exhibition - it's all about hair! GOMA 10 Ambassador Patience Hodgson visits Nervescape V 2016 by Icelandic artist Hrafnhildur Arnardóttir (aka Shoplifter), commissioned for ‘Sugar Spin: you, me, art and everything’ at the Gallery of Modern Art, Brisbane. 
Photograph: Natasha Harth, QAGOMA

THE rest of the world should be envious of this line-up!

'March madness': 700 tradies needed for immediate work

JOBS LIST: Finding it tough going in the jobs market? Here are a few jobs you can apply for today.

LOADS of mining and constructions jobs are up for grabs.

'Can't get worse': Business owner banking on massive project

Hummock Hill Island is located about an hours drive south of Gladstone.

GLADSTONE business is "doing it tough" after hoards of FIFOs left.

25 amazing food experiences you have to try in Gladstone

Diceys Seafood Plate is a food fave

Nacho burgers, turkish delight panna cottas, huge parmies ...

Local Partners

Furious Price wants to quit I'm a Celeb after clash with Keira

AN IRATE Steve Price has threatened to quit I'm A Celebrity after a series of drama-filled clashes with Keira Maguire.

Novel with lots of heart

The romance in A Quiet Kind of Thunder was only one of the joys of the book.

Book proves to be a gem with layers

'Naked steaming eyes': you will be screaming for more

ROCKING ON: The Screaming Jets will have the Gladstone crowd screaming for more when they perform on Saturday at Harvey Road Tavern from 8pm.

'Naked steaming eyes': global band arrives on Saturday

Bliss N Eso announce tribute show for stuntman

Bliss N Eso will play a tribute show at Coolangatta in honour of Johann Ofner. The stuntman died during the filming of the group's Friend Like You film clip earlier this year.

BLISS N Eso to play tribute show to raise funds for killed stuntman

MOVIE REVIEW: Trainspotting sequel as good as original

Ewen Bremner in a scene from the movie T2: Trainspotting.

Director Danny Boyle proves sequels can be done well.

Rocket man is rocketing past Gladstone

August's Morning Melodies is titled Rocket Man - a unique and entertaining salute to Sir Elton John, one of the most iconic music figures of the 20th and 21st centuries.

Rocket man is rocketing past Gladstone

How Karl Stefanovic's wife, kids found out about girlfriend

Karl Stefanovic and Jasmine Yarbrough after their day on Sydney Harbour. Picture: Jonathan Ng

Pictures splashed across tabloid were shock to family

Submarine, buses and 3000 tyres removed in $100K clean up

The list of things removed from this property is beyond astonishing

Popular island resort sells to loaded international investor

OUR PICK: Chris Foey's colourful shot of one of Gladstone's great tourism hot spots, Heron Island.

International investor snaps up piece of Gladstone paradise.

Expert: Why renters, home buyers may struggle

Matusik Property Insights director Michael Matusik.

What's next for the city's housing market

Massive seaside development of 3200 lots

DESIRABLE LIFESTYLE: The masterplan for the proposed Elliott Heads Estate.

"There's nothing else left along the coastline of Queensland now"

Ready to SELL your property?

Post Your Ad Here!