IPC approves Vickery project
PERTH (miningweekly.com) – The New South Wales Independent Planning Commission has given consent for ASX-listed Whitehaven Coal’s Vickery Extension project.
The A$700-million project has been cleared to extract a maximum of 13-million tonnes a year run-of-mine coal, over a 25-year mine life, with Whitehaven allowed to transport 11.5-million tonnes of coal from the site by rail in any financial year.
The project is expected to employ some 500 staff during construction and 450 ongoing operational roles.
Whitehaven MD and CEO Paul Flynn on Wednesday welcomed the approval and told shareholders that the Vickery project would further cement Whitehaven’s growing stature as a key supplier to premium overseas markets.
He said the company’s focus would now shift to obtaining the necessary secondary approvals and any further project optimisation as a precursor to works starting under the new approval.
Whitehaven in June told shareholders that it was cautious in allocating capital to expansion, considering the evolving impacts of the Covid-19 pandemic on coal markets and pricing. However, the miner noted on Wednesday that while there was still considerable risk and uncertainties for the global economic outlook, the fundamentals of the company’s business model continued to remain robust.
Comments
The
functionality
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation