Bravus confident in Carmichael’s future
Bravus Mining and Resources is investing $50m in expansion works to increase production at its Carmichael coal mine by a third over the next four years to 16mtpa.
The investment will support expansion of the Carmichael workers village, a new water dam, the construction of a rail network maintenance hub, additional mine site infrastructure and engineering works.
Bravus Mining and Resources chief operating officer Mick Crowe says the decision to export more coal from Carmichael will create hundreds of new jobs for Queenslanders.
“Over the last three years our Carmichael mine has safely and efficiently ramped production up to more than 10mtpa,” he said.
“Our investment in the infrastructure to support this growth means more contracts for local businesses and suppliers and more high-paying mining industry jobs for people living in places like Clermont, Rockhampton, Mackay, Bowen, Townsville and Cairns.
“It also means Carmichael will remain strategically positioned to efficiently deliver high-quality Queensland thermal coal to the global seaborne coal market at scale.”
The company has completed engineering studies and assessments to deliver works to support increased production which will increase the capacity of the Carmichael mine accommodation village.
Global demand for thermal coal, like that produced at Carmichael, is robust, with developing nations continuing to industrialise and pursue reliable energy to underpin growth in health, education and employment.
Queensland Natural Resources and Mines Minister Dale Last says global demand for high-quality coal is forecast to continue for many years to come
“More than 400 coal-fired power stations are under construction around the world, mostly in China, India and South-East Asia, and Queensland’s Galilee Basin is well positioned to meet that demand,” he said.
“In India alone, coal demand increased by 4% last year — with the development of the Galilee Basin helping millions of Indians lift their living standards by providing reliable, affordable energy.
“Queensland has the world’s best coal reserves and this expansion is proof that by giving industry certainty, we can attract the right investment to create long-term jobs for mining families and keep our coal communities strong.”
More than 1200 people are currently employed in permanent roles at the Carmichael project. Since 2019, Bravus has spent more than $2b with regional Queensland contractors and suppliers and has invested more than $7b in the state since 2010.