Australia’s biggest company is poised to get its hands on the largest coal mine in the world
Posted On July 22, 2021
A miner is on the verge of taking the first step towards becoming the world’s biggest coal producer after it was revealed the world will spend an estimated $10bn to build the world-first underground coal mine.
The $3.5bn (£2.3bn) mine is part of the Salson Group’s $1.5tn investment in the Queensland-based company, which has a $1bn-plus coal-fired power station on its books.
Salsons chairman Peter Gillett told The Australian Financial Review newspaper he expected to make a decision about the mine in coming months.
“We are very excited about what we are going to do here,” Mr Gilletts spokesman said.
The coal-burning Salsonic mine will be built on a massive 6.2 million hectare (16 million acre) area and is expected to produce around 2.2bn tonnes of CO2-free coal a year.
“The mines we are building will be in the heart of Queensland’s coal country,” Mr Salsoner said.
The mine will come with a huge environmental and health impact assessment. “
There are also some other things we are planning that are very important for our local communities.”
The mine will come with a huge environmental and health impact assessment.
“In addition to the coal, we will be investing in a huge carbon capture and storage facility and a massive underground water storage facility,” Mr Gilligan said.
He said the mine would also be the world first to produce large amounts of water for drinking, cooking and industrial uses.
It will be the first large-scale coal mine to be built in Australia.
Salsa is expected build a coal-fueled power station in the coal-mining region of Wivenhoe.
The company said it was still deciding which mines to build and where they would be.
“This is a massive project and it will be our most ambitious project to date,” Mr Tynan said.
Queensland is expected have around 6,000 mining jobs in its next 10 years, with the mining sector accounting for almost 50 per cent of the state’s employment.
Queensland also has one of the world largest coal reserves in the south-west of the country.
Queensland Premier Annastacia Palaszczuk said the Salsa mine would help Queensland become a “world-leading carbon-neutral economy”.
“We have the largest amount of carbon pollution in the country,” Ms Palaszy said.
Ms Palasel said the project would “reduce the pollution of our air, our water, our land and our climate”.
“We know the carbon we’re putting into the air will cause serious health and economic impacts for generations to come,” Ms Palmeraszczyk said.
Sales in Queensland have already surpassed $3 billion a year in the past three years and the state has seen a strong economic recovery.
The Queensland Government said the state had the largest population of coal miners in the nation, with more than 4,000, while Queensland’s mines and mining companies accounted for around 3 per cent, or $1 billion, of the economy.
Ms Palmera said she hoped the coal industry would be able to continue to thrive in the face of the coalmine’s new-found environmental risks.
“For the past two years, our state has been on the forefront of a major economic recovery and I want to thank the Queensland Government for their support in that effort,” Ms Lopala said.