Tag: BMA

SARAJI coking coal mine in Queensland’s coal-rich Bowen Basin coalfield is ready for the next stage in its development with its Saraji East expansion project. Purchased by the BHP Mitsubishi Alliance joint venture, a 50:50 joint undertaking between Japanese trading house Mitsubishi and BHP, from Australian coal company New Hope Corporation in July 2008 for the price of $2.45b, the Saraji (East) coal project marked a new watershed price for coal mining assets in Australia. New Hope went on to use the money received for its Saraji coal project to fund some coal asset acquisitions including stakes in former Rio Tinto’s Hunter Valley coal mine in NSW. The Saraji project is an undeveloped metallurgical coal resources adjacent to BMA’s Saraji…

All images: BHP Billiton BY ELIZABETH FABRI AS the hangover from Cyclone Debbie subsides, BHP Billiton Mitsubishi Alliance (BMA) continues to push forward with investments across its Bowen Basins operations, including $US204 million towards the Caval Ridge Southern Circuit (CRSC) capital growth project. A joint venture between BHP Billiton and Mitsubishi Development, the BHP Billiton Mitsubishi Alliance (BMA) is Australia’s largest coal producer and supplier of seaborne metallurgical coal, accounting for about 28 per cent of the world’s seaborne met coal trade. The coal giant owns nine mines covering a combined area of 75,000sqkm in the resource rich Bowen Basin in Central Queensland; seven of which are operational. Its current portfolio of operating mines comprises Goonyella Riverside, Broadmeadow, Daunia, Peak…