Coking coal Opportunities in , Australia 澳大利亚新南威尔士州炼焦煤投资机遇

JULY 2017

QUEENSLAND LISMORE Ballina

Lightning Ridge Moree Ashford Tibooburra Coalfield Yamba

A I L A R T S U A H T U O S Grafton Bourke Walgett COFFS HARBOUR Basin Armidale

Coonamble Gunnedah TAMWORTH Kempsey Cobar Nyngan PORT MACQUARIE Broken Hill Hunter To Adelaide Muswellbrook Taree Coalfield Gloucester DUBBO Mudgee Basin Western Parkes Coalfield NEWCASTLE

BATHURST Newcastle ORANGE Coalfield Region REFERENCE SYDNEY Wentworth Operating mine Southern Griffith Young Coalfield WOLLONGONG Export port Balranald Goulburn Railway NOWRA Major road, sealed

WAGGA CANBERRA Major road, unsealed WAGGA Deniliquin A.C.T. Gas pipeline Batemans Bay N ALBURY Cooma Narooma VICTORIA 200 km Bega

Eden

Overview 概况 Geological setting 地质环境 • The coking coal produced in New South Wales (NSW) Over 60% of NSW is covered by sedimentary basins. The major coal includes premium hard, semi-soft and soft coking coal. resources of NSW are located in the 500 km long, 150 km wide Permian−Triassic Sydney–Gunnedah Basin in the east of the state. It • Premium hard coking coals are produced from the extends from south of Wollongong to north of Newcastle and Southern Coalfield of the Sydney Basin. north-westerly through Narrabri into Queensland. Relatively minor • The main coal mining areas are linked by rail to the coal resources are mined in the Werrie and Gloucester basins. Newcastle and Port Kembla ports. Exploration is active in the Oaklands and Ashford basins. The • In 2015–16, the NSW coal industry produced 247 million Permian, bituminous coal resources in the Sydney–Gunnedah Basin tonnes (Mt) run-of-mine (ROM) coal, yielding 191 Mt of consist of a variety of coal types from low-volatile, hard coking coals saleable coal, worth nearly $14.6 billion or approximately to high quality thermal coals. 80% of the total value of the state’s mineral production. • NSW has more than 15 billion tonnes of recoverable coal reserves contained within 40 operating mines, and over 20 new major development proposals.

www.resourcesandenergy.nsw.gov.au Coal regions 煤区 NSW export coking coal by destination 新州炼焦煤出口量（按国家和地区） The Sydney Basin is subdivided into five major coalfields, namely the Hunter, Newcastle, Southern, Western and Central coalfields. 30

The Hunter Coalfield is the largest coal producing area of NSW, 25 containing significant reserves of export quality low-ash soft coking coals. Coal is mined from over sixty seams within the Greta Coal 20 Measures, the Wittingham Coal Measures and the Newcastle Coal 15 Measures and many mines are large-scale, multi-seam, open-cut mining operations, with lesser numbers of underground operations. 10 Million tonnes The Newcastle Coalfield contains low-ash, medium-fluidity, soft 5 coking coal in the central area of the coalfield and is produced from ten seams within the Greta Coal Measures, the Tomago Coal 0 Measures and the Newcastle Coal Measures. 2011 2012 2013 2014 2015 The Southern Coalfield is renowned for its premium quality hard Financial year (ending 30 June) coking coals. These coals are medium-ash, low-volatile, and mined mainly from the Bulli, and Wongawilli seams by underground mining Japan Taiwan methods at depths in excess of 400 m. The Southern Coalfield’s remaining unallocated resources of prime coking coal are in the Bulli People’s Republic of China India and Balgownie seams underlying the Camden−Campbelltown− Republic of Korea Other Picton region of the south-western Sydney metropolitan area. Further unallocated export quality coking coals remain undeveloped in the Wongawilli Seam in the southern half of the coalfield. Typical specifications for NSW export coking coal 新州出口炼焦煤典型规格 The Western Coalfield produces mainly thermal coal, with a relatively smaller amount of coking coal. Region Southern Hunter Newcastle Gunnedah The Gunnedah Basin is divided into two sub-basins of unequal portions by the north−south-trending Ridge. The eastern Coal type Hard Soft Soft Soft (smaller) portion, the Maules Creek sub-basin, contains some coking coking coking coking high-volatile, high-fluidity soft coking coal in the Hoskissons Seam in Moisture % (ad) 1.0 2.7 2.3 4.0 the Black Jack Group. The western (larger) portion, the Mullaley Moisture % (ar) 7.9 8.9 8.1 – sub-basin, contains predominantly thermal coals in the north with semi-soft coking coal in the southern parts. Ash % (ad) 9.3 8.9 8.1 6.5 The Gloucester Basin, approximately 80 km north-east of Vm % (ad) 22.9 34.7 35.3 37.9 Newcastle, also contains Permian bituminous coal. The basin is Ts % (ad) 0.40 0.55 0.9 0.45 approximately 38 km long and 20 km wide and contains medium- Se % (kcal/kg) 7570 7250 7480 7400 ash, medium-volatile thermal and coking coals mined in five seams within the Gloucester Coal Measures. CSN 6.5 5.0 6.0 5.0 AFT (°C) deform 1560 1380 1290 – The Ashford area in the state’s north contains relatively small amounts of coking coal in a narrow discontinuous strip that extends AFT (°C) flow 1590 1540 1550 – from near Inverell northwards towards the Queensland border. HGI 68 51 49 45 Mining is hampered by the distance to markets and ports, however Gray-King G3 G2 G6 – exploration continues in this area, with encouraging results. Max. fluid (ddpm) 1800 130 7420 200 Coking coal resources and reserves by region Phosphorus % (ad) 0.061 0.025 0.045 0.005 炼焦煤资源和储量（按煤区）

Gloucester 40 5 Release of areas for coal exploration

Gunnedah 1122 煤炭勘探区的颁布 511 Through its Strategic Release Framework for Coal and Hunter 1889 330 Petroleum Exploration, the NSW Government has introduced the independently chaired Advisory Body for Strategic Newcastle 1357 103 Release, to review and define which areas of the state are released for coal exploration. Inputs into the framework Southern 2749 include a geological resource assessment, conducted by the 437 Geological Survey of NSW; and a preliminary regional issues assessment of economic, social and environmental factors, Resources (Mt) Reserves (Mt) which incorporates community and stakeholder consultation, conducted by the NSW Department of Planning and Environment. The Strategic Release Framework ensures that the NSW Government’s approach to issuing coal exploration titles is transparent, informed and consistent with their broader land use strategies and community expectations.

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