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Home Steel News Australian Bounty Mining plans to expand Cook Colliery
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Australian Bounty Mining plans to expand Cook Colliery

26 Nov 2019 14:23 reported by Ana Lee

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Recently, Bounty Mining Ltd planned to expand Cook Colliery in Queensland, Australia. It was a coking coal mine, which mainly produced volatile hard coking coal and high-quality thermal coal. Bounty holds the entire equity of the mine.

The maximum capacity of the Cook Mine was 2 million tons. However, due in part to the decline in the coking coal demand, Bounty was facing serious cash problems. Therefore, the output of it has declined accordingly.

On October 17th, the roof collapse that happened in the mine tunnel led to shutdown for several weeks. After the accident, Bounty Mining changed the coal mining area, thereby increasing the raw coal output of per unit mining area from the original 20,000 tons to 40,000 tons.

The second mining unit was expected to start in 2020, as well as the coal production in Panel 2. It might start the third mining unit depending on the metallurgical coal market. If all open, the annual output would reach 1.44 million tons while the annual output of commercial coal would reach 1.2 million tons.

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