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Caledon Coal
• Queensland coking coal producer operating and expanding the Cook underground mine
• Developing Minyango Project • Foundation shareholder in the Wiggins Island Coal
Export Terminal (WICET) • Acquired by Guangdong Rising Assets Management
(GRAM) in August 2011
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GRAM
• Incorporated in 1999, GRAM is a State‐owned investment group
• Regulated by the Guangdong Provincial Government’s arm of the State‐Owned Assets Supervision and Administration Commission (SASAC).
• Caledon is a foundation shareholder of the new port at Gladstone and is represented on the Board
• Successful in securing 4Mt of the 27Mt first phase development
• Fundraising of A$4b completed in September 2011
• Construction started in September 2011 and is on track for commissioning Q1 2015
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Wiggins Island Coal Terminal
TERMINAL MASTER PLAN
7. WICET potential coal export capacity of ~114Mtpa
Comprising: • four rail receival facilities; • stockyards on Golding Point;
and Reclamation Area B; • four berths; and • four shiploaders.
Rail Receival Stations
Bridge Stackers
Stacker Reclaimers
Shiploaders Berths Indicative Throughput
Capacity Stage 1 1 1 0 1 1 27 Mtpa WEXP1 2 1 3 2 3 61 Mtpa WEXP2 3 1 6 3 4 91 Mtpa WEXP3 4 1 7 4 4 114 Mtpa
Cook Colliery
Argo seam workings in North and South
Surface area covered by grazing land, good access throughout if required
Site unaffected directly by flooding in recent years
Cook Colliery
Argo seam workings in North and South
Surface area covered by grazing land, good access throughout if required
Site unaffected directly by flooding in recent years
Modernisation Strategy
• Upgrade our Roadway Development Equipment – 4x continuous miner sections (1 of which is spare) – 3 x have been built, 4th Machine will be re-built in
2015
• Upgrade of the Mines Infrastructure – Replace the Conveyor Belt System – Electrical Power – Compressed Air – Clean Water System – Waste water pumping and storage system All jobs are in progress and expected to be completed during August 2014
Modernisation Strategy
• Establish an In-House Mine Atmosphere Inertisation Capability – Cook purchased a Nitrogen generator in 2013 so that
this function is permanently available – Cook maintains all old workings in a stable inert state
• Upgrade the Mines Atmospheric Monitoring System – completed in 2013
• Upgrade the Ventilation Modelling Capability – Long term mine plan – Emergency Scenario Planning in conjunction with
Queensland Mines Rescue
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Cook Mine Expansion – Great Wall Project
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• Introduce longwall mining to Cook Colliery in 2014
• Initial production of 3.5 MTPA (ROM) • Target longwall output 2.5 MTPA • Utilise existing equipment to produce
1.0 MTPA • Upgrade the colliery infrastructure
• conveyor belts, electricity supply • coal handling and processing
capability
A Modern Longwall for Cook
• Recent changes in equipment design have resulted in more effective ground support
• Change in accepted application of longwall mining in Australia
• A modern longwall delivers significant productivity
gains at a more than acceptable level of risk
The Great Wall Project
• Technical evaluation has been primarily focussed on major risks to the project: – Reserves / Geological model – Mine plan and operations – Geotechnical analysis – Infrastructure – Human resources – Financial model
• Robust and profitable project
Longwall Equipment Supplier
• Proven track record of equipment supply • Proven track record of product support • Products must have current statutory approvals
for underground coal mines
• Collaborative style – Smaller company, greater exposure – Risks must be controlled – Working for the best solution for the Customer
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Cook Longwall
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• Contract awarded July 2013 • Project management – Nepean Longwall
Component Origin Supplier
Roof Supports China BMJ
Electro-hydraulic Controls
Germany Tiefenbach
AFC / BSL / Crusher China Nepean / Anhui Yingliu
Shearer Germany Eickhoff
Monorail USA / Australia Longwall Hydraulics
Pump Station Germany / Australia
Longwall Hydraulics
Electrical Australian Nepean Power
Stakeholder Participation
• Caledon invited key industry Stakeholders to inspect manufacturing facilities in China and the mini-build at Rutherford, NSW – GRAM Board – State Coal Mining Inspectors – Insurance agents – Other coal mining companies
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Coal Handling and Preparation Plant (CHPP)
• Existing plant 35+ years old
• Sub-lease from Glencore • Dedicated Rail Balloon
Loop
• Upgrade to CHPP – 500 t/hr, 3.5 Mt /yr Capacity – Dense Medium Process – Raw Coal Feed to be sized – Fine Coal Recovery Circuit
Introduced – Reject Material to be dried
Minyango
• 1.2 billion tonne resource • Updated JORC standard
resource statement imminent • Exploration has been slowed
due to GWP • 5 Mtpa ROM • EIS has been completed &
accepted by Qld Government • Mining lease anticipated
2014 – 2015 • Development will be Market
Driven
Conclusion
• The Sino-Aussie opportunities are there. • Caledon was forced into rapidly re-visiting our options in
regard to WICET due to – Australian Government process – Typical supply schedules from traditional suppliers
• The modernisation of Cook Colliery is a great example the influence Chinese stakeholders can have on Australian Projects
• Australian Suppliers can reap tremendous gains if they are willing to develop a market share in collaboration with overseas suppliers (sharing of risk with customer)
• Australia needs to quicken the pace both at Government and Corporate level or miss out !!
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