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



Our six art gallery picks for a creative day out

YOU may not associate Brisbane with a burgeoning art scene, but you’d be mistaken.

Six hideaway bars to escape winter chill

The Gresham's charm will win you over before your first sip.

THESE are the perfect places to hang this winter.

Brisbane's arts and culture events centre stage

You loved the film, now you're about to love the musical. Don't miss The Bodyguard The Musical in Brisbane this July.

THE arts and culture events you don't want to miss.

Homewares stores to fulfil your Instagram dreams

No Caption

You too can become an Insta-star with these fab stores.

Date nights under $50

Nothing is more romantic than a picnic with a cracking view.

NOT every date has to cost you a bomb.

Top 10 Brisbane experiences to cross off your bucket list

Do yourself a favour and get amongst the food truck scene. Eat Street is a great place to start.

A GOOD bucket list doesn’t have to span continents or cost millions.

Six mega sporting events you need to be at this year

Don't miss all the action trackside this season.

IF THERE is one thing Brisbane does damn well, it’s play host.

Could Schapelle be heading for Gladstone?

Australian Schapelle Corby is escorted by Bali Police at the parole office in Denpasar, Bali, Indonesia, 27 May 2017.

Schapelle's mother teases her free daughter could be Gladstone bound

Fraudster couple fails at same scam twice

Gladstone CBD from The Oaks Hotel roof, Febuary 17, 2015.

Photo Mike Richards / The Observer

Gladstone man and woman attempted to rip off two local businesses.

Local Partners

Battle raging over money to fund CQ roads

Funding for CQ's road upgrades is being ripped out of the region leaving our projects languishing at the starting line says QLD Minister.


Win a $1000

GROCERY GIFT CARD!
Learn More

What to expect at Birds of Tokyo's Ipswich gig

The band will perform at the Racehorse Hotel on Friday.

BAND member Glen Sarangapany talks music, pub grub and doing shoeys

What public holidays are left in 2017

Ipswich residents will get the day off tomorrow for the show.

IPSWICH residents will get tomorrow off for the show

Caitlyn comes home to launch debut album

Gympie's Caitlyn Shadbolt will launch here debut album Songs On My Sleeve at an exclusive all-ages concert in Gympie on Friday, May 26.

Win tickets to Caitlyn's album launch

Karl Stefanovic's rant about Schapelle Corby 'a bit rich'

The fact is Stefanovic is paid extremely well by a television network that lives and dies by ratings.

Gladstone gets cheesy with espresso bar masterclass

CHEESE EXPERT: Special guest Peter Gross shared his knowledge on everything about cheese.

'Something we could do': more food events for region

Could Schapelle be heading for Gladstone?

Australian Schapelle Corby is escorted by Bali Police at the parole office in Denpasar, Bali, Indonesia, 27 May 2017.

Schapelle's mother teases her free daughter could be Gladstone bound

Six things you never knew about Men in Black

Mushu the pug

It's been 20 years since Men in Black first hit cinemas

10 strange stories behind famous sex scenes

Khaleesi and Khal Drogo in a steamy moment.

Every set has their own way of filming sex scenes

HBO spills new details on Game of Thrones’ final season

Game of Thrones’ eighth and final season will only have six episodes.

New details about what to expect from the eighth, final instalment.

Karl’s rant on Corby: ‘Made to look like idiots’

Karl Stefanovic is sick of hearing about Schapelle Corby.

Today co-host launched a tirade against Schapelle Corby media circus

New $46.7m counter-terrorism facility to be built in Wacol

Premier Annastacia Palaszczuk, pictured with Police Commisioner Ian Stewart, has announced plans to build a new counter-terrorism facility in Wacol.

The facility will be built over three years.

Home to a sex worker: Sordid history of iconic Coast shed

Milojevic Djordjevic's daughter Linda at the derelict shed on Yandina-Coolum Road.

The shed was once a liveable 'barrack'.

This is real estate's billion-dollar man

Bob Wolff at AREC with John McGrath of McGrath Real Estate.

They don’t call him the “Billion dollar man” for nothing

Man's amazing comeback from monster crisis

Pat O'Driscoll agents Penny Keating and Doug Webber sold 56 Agnes St, The Range at auction over the weekend.

NOT long ago, he sold his possessions to pay staff. Now he's back.

Report reveals progress on $319m airport upgrade

Aerials of the Sunshine Coast.Jetstar plane in front of the Susnhine Coast terminal, Sunshine Coast Airport.

Over two dozen government approvals needed for airport expansion

Ready to SELL your property?

Post Your Ad Here!