The Middlemount Coal Mine is an open-cut mine located approximately 90 kilometres north-east of Emerald and some 7 kilometres west of the township of Middlemount in Queensland's Bowen Basin.
The mine produces medium-volatile pulverized coal injection (PCI) coal and semi-hard coking coal for the export market. Full scale operations at the open-cut mine commenced in November 2011. Production is expected to ramp up to approximately 3.6 Mtpa of saleable production by the middle of 2014. With JORC compliant measured and indicated resources and proved and probable ROM reserves of some 123 mt and 96 mt respectively at mine startup the current mine life is estimated to be in excess of 24 years.
Middlemount Coal is a 50/50 joint venture between Peabody Energy and Yancoal.[1]
History
Nathan Tinkler paid $11.5 million to Sennen Resources in 2006 for the undeveloped mine.[2] In 2007, Tinkler sold a 30% share to the Hong Kong-based