Portal:Queensland/Selected business/3
Macarthur Coal is a mining company based in Queensland, Australia, which was incorporated in October 1995. The company was founded by Ken Talbot, who was a former chief executive officer. It specialises in the production of metallurgical coal from mines in the Bowen Basin, specifically low-volatile pulverised injection coal used in steel making; essentially all the coal it produces is exported from Australia.
The company maintains a 73.3% ownership in all its major mine projects. As of 2010 it had open-cast mines at Coppabella, where the first coal was mined in October 1998, and 2.4 million tonnes of coal was produced from 2.9 million tonnes of material mined in 2009, and Moorvale (first coal March 2003, 2.2 million tonnes of coal from 2.9 million tonnes of material), and was opening a third mine at Middlemount with an initial target of 1.8 million tonnes of material per year. A fourth mine at Codrilla was selected for development in 2011.
In May 2011, the company announced that it had increased coal reserves estimates by 38% to 2.26 billion tonnes. (Full article...)