
Fitzroy Australia Resources: Bright Ideas
All Images: Fitzroy Australia Resources. BY EMMA DAVIES FITZROY Australia Resources has managed to turn around the troubled Carborough Downs mine and has received approval to develop its Ironbark No.1 project– just in time to meet forecast growth in demand for Australian metallurgical coal. Since Fitzroy Australia Resources (Fitzroy) acquired the Carborough Downs mine in 2016, more than 2 million tonnes of coking coal has been produced and a 10-year mine life has been achieved by opening up northern reserves. The mine, formerly owned by Brazilian mining giant Vale, had encountered a number of issues since it began production– with various geological problems, rock faulting, and dangerous levels of carbon monoxide causing a force majeure in 2012. Before the acquisition,…
