Department of Employment, Economic Development and Innovation

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1 Department of mployment, conomic Development and Innovation Overview of Central Queensland Region s Current and Future Mining Projects and Operations in the Bowen and Galilee Basins Central Highlands Conference Investing in our Future March 2012 Daunia Curragh June 2011 June 2011 Photo courtesy of Kevin Clough, DDI Photo courtesy of WesFarmers Resources Ltd Phil Ferenczi & Neil.Hoy@deedi.qld.gov.au* Rockhampton *Contact

2 Central Queensland Mining and Petroleum Operations Bowen Basin Prodn (ROM): 202 Mt (10/11) M+I Res: 20,500 Mt (2009) Sustain: 100 years Inferred: 19,600 Mt Carmichael 100 km North lpha Kevin s Corner Tad s Corner China First South Galilee lpha Oil Shale The State of Queensland, Department of mployment, conomic Development and Innovation,

3 CNTRL QUNSLND MINING OPRTIONS (2011) 105 Direct FT 50 Coal mines (mainly large open cut / draglines) 32,600 (Sep11) 25 Mineral mines (Limestone, Gold, Magnesite) 920 (Sep11) 30 med to large size Quarries (construction industry) ~330 (Sep11) SIGNIFCNT MINING PROJCTS 75 (dvanced= 40; coal =36) 23 xpansions (22 coal + 1 mineral) 52 New (46 coal + 5 mineral + 1 shale oil) UNDVLOPD RSOURCS next 20 years Shale Oil (10 deposits containing 15 billion barrels of oil) Mineral resources (Nickel, Gold, Silver, Copper, Zinc, Limestone) > 10 billion tonnes of coal in Bowen Basin with large amounts of CSG The State of Queensland, Department of mployment, conomic Development and Innovation,

4 Source: Wood Mackenzie Coking coal demand to double by 2020 Substantial growth from China and India ustralia to continue as dominant supplier xports: Mt Mt Strong import demand growth from China and India Indonesia and ustralia to maintain their position as the main suppliers ust xports Mt Mt ( Mt from Galilee Basin) The State of Queensland, Department of mployment, conomic Development and Innovation, 2010 Source: Wood Mackenzie 4

5 ISC RGION FITZROY RGION The State of Queensland, Department of mployment, conomic Development and Innovation,

6 IS update for CQ Mining Projects pproved over the past six months (6) ; Codrilla, agle Downs, aglefield xpansion, Grosvenor, Middlemount xpansion and Millennium xpansion Currently under assessment (21): lpha (Tad s Corner), rcturus, Belvedere, Boundary Hill xtension, Byerwen, Carmichael, China First, Drake, ast nd xtension, llensfield, Foxleigh, Kevin s Corner, Minyango, Dingo West, Newlands xtension, Rolleston xpansion, South Galilee, Springsure Creek, Taroom, Teresa and Washpool Projects for IS assessment in 2012 (10): Baralaba South, Jellinbah xtension (Mackenzie North), Red Hill, New Lenton, Sarum, Saraji ast, Monto, Togara North, Wards Well, Taroborah and Willunga Construction Summary Coal mining projects currently under construction (12) totalling $11.5 bn nergy (gas-related) projects currently under construction (8) totalling $45.5 bn Projects likely to commence construction within 12 mnths (20) totalling $10.3 bn dditional mining projects under consideration (30) totalling $32.4 bn The State of Queensland, Department of mployment, conomic Development and Innovation,

7 ISC RGION direct employ nt 30 Sep2011 ~20,560 (32) Mine Mine life mployment Mine Mine life mployment Collinsville Millennium Newlands Poitrel Burton Peak Downs Nth Goonyella Saraji Goonyella Norwich Park Moranbah North Carborough Downs Hail Creek Isaac Plains Oak Park South Walker Lake Vermont Grasstree Lake Lindsay Broadmeadow Coppabella Foxleigh CPCOL German Creek Moorvale aglefield Sonoma Clermont = dvanced xpansion/ xtension Project (CONSTRN 2012 or within 12 mths) = Less dvanced The State of Queensland, Department of mployment, conomic Development and Innovation,

8 Coal Mining Projects ISC RGION xpansions / xtensions (10) DVNCD dditional Op WF Newlands Northern (Xstrata Coal) completed Dec 11 (existing) Isaac Plains (quila Res/ Vale ust) completed Dec 11 (80) Burton (Peabody nergy) under construction (existing) Broadmeadow (BM) under construction (650) (existing) Lake Vermont (Lake Vermont Resources) under construction (150) Sonoma (QCoal) Creek diversions & Cows construction 2012 (existing) Millennium (Peabody nergy) IS approved, construction 2012 (160) Peak Downs (BM) construction 2012 (350) aglefield (Peabody nergy) IS approved, construction 2012? (700) North Goonyella (Peabody nergy) Longwall Top Coal Caving The State of Queensland, Department of mployment, conomic Development and Innovation,

9 FITZROY RGION direct employ nt 30 Sep2011 ~12,010 Mine Mine life mployment Mine Mine life mployment Oaky Creek Cook Gregory Baralaba Crinum Dawson Kestrel Callide - Boundary Hill nsham Blackwater Curragh Rolleston Jellinbah ast Meridan CSG Yarrabee Mungi CSG Minerva Denison Gas Middlemount Fairview CSG = dvanced xpansion/ xtension Project (UNDR CONSTRN 2012 or within 12 mths) The State of Queensland, Department of mployment, conomic Development and Innovation,

10 Coal Mining Projects FITZROY RGION xpansions / xtensions (10) DVNCD dditional Op WF Curragh (WesFarmers) new CHPP under construction (90) Kestrel (Rio Tinto) under construction (up to 550) (existing) Middlemount (Peabody / Gloucester) under construction (260) Dawson South Stage 2 (nglo mer.) under construction (100e) Yarrabee (Yancoal ust. Ltd) new CHPP completed May09 (100) Curragh West (WesFarmers) ML appln construction 2013? (100) Oaky Creek (Xstrata Coal) open cut redevnt construction 2013? (80e) Jellinbah ast (Mackenzie North) (Jellinbah Grp) ML appln (existing) Rolleston (Xstrata Coal) IS process construction late 2012 (300) Baralaba (Cockatoo Coal) construction 2012 (50e) The State of Queensland, Department of mployment, conomic Development and Innovation,

11 dvanced New Projects (9) ISC RGION Under construction: Daunia OC (BM), agle Downs LW UG (Vale ust. / quila Resources) and Caval Ridge OC (BM), IS pproved or Granted ML : Codrilla OC (Peabody nergy), Grosvenor LW UG (MC) and Olive Downs North OC (Peabody nergy) dvanced IS stage : Jax OC (QCoal), llensfield LW UG (Vale ust.) and Drake OC (QCoal) Draft IS due 2012: Byerwen OC (QCoal), New Lenton OC (New Hope Coal), Sarum OC & UG (Xstrata Coal), Saraji ast LW UG (BM), Carmichael OC & UG (dani) # and Red Hill LW UG (BM) Pre-FS : Moranbah South UG (MC / xxaro ust.), Talwood UG (quila Resources), Moorvale UG (Peabody nergy), Wards Well UG (BM) and Winchester South OC (Rio Tinto Coal), Willunga OC (Peabody nergy) and Moorvale West UG (Peabody nergy) The State of Queensland, Department of mployment, conomic Development and Innovation, 2010 OC = open cut, UG = underground, # Galilee Basin 11

12 ISC RGION Potential new mines over next 10 years ~9,300 Mine Mine life mployment Mine Mine life mployment Daunia llensfield Caval Ridge Talwood e Wards Well e Saraji ast Grosvenor Drake Moranbah South Byerwen Olive Downs North Winchester South Codrilla New Lenton e agle Downs Red Hill Sarum e Jax = dvanced New Project; The State of Queensland, Department of mployment, conomic Development and Innovation, 2010 e = unofficial estimate 12

13 dvanced New Projects (8) FITZROY RGION Under construction: nsham B&P UG (nsham Resources) dv. IS or DFS Stage: Washpool OC (quila Resources), Dingo West OC (Bandanna nergy), Minyango LW UG (Guangdong Rising ust. Ltd), Tads Corner OC (GVK) #, Orion Downs OC & UG (ndocoal), Baralaba North OC (Cockatoo Coal) and Springsure Creek LW UG (Bandanna nergy) IS or Pre-FS : Belvedere LW UG (Vale ust. / quila Resources), rcturus OC & UG (Bandanna nergy), China First OC & LW UG (Waratah Coal) #, South Galilee OC & LW UG (MCI / Bandanna nergy) #, Kevin s Corner OC & LW UG (GVK) #, Monto OC (Peabody nergy), Baralaba South OC (Cockatoo Coal), MDL 162 OC (Peabody nergy), Teresa LW UG (Linc nergy), Taroom OC (Cockatoo Coal), Taroborah OC & UG (Shenhuo International) and Togara North LW UG (Xstrata Coal) OC = open cut, UG = underground, LW = Longwall, B&P = Bord and Pillar, # Galilee Basin The State of Queensland, Department of mployment, conomic Development and Innovation,

14 FITZROY RGION Potential new mines over next 10 years ~4870 Mine Mine life mployment Mine Mine life mployment nsham UG rcturus Springsure Ck Belvedere Washpool Togara North e Minyango Taroborah e Baralaba Nth e Orion Downs e Baralaba South e Mackenzie e MDL e Teresa Dingo West Middlemount = dvanced New Project; e = unofficial estimate The State of Queensland, Department of mployment, conomic Development and Innovation,

15 Department of mployment, conomic Development and Innovation Blackdown Tableland

16 XPLORTION COL Clermont Middlemount PC ML MDL lpha merald Duaringa QLD xploration Rolleston $456M 10/11 $94M 05/06 70 km The State of Queensland, Department of mployment, conomic Development and Innovation,

17 Galilee Coal Projects ~12,880 Resource stimate/ prodn xpected Start-up Mine Capital xp. Mine mployment Tad s Corner (lpha) 1820 Mt (30 Mtpa) 2015 $3400m 1535 (constr) 1200 (op) Kevin s Corner 4270 Mt (30 Mtpa) 2016 $6600m 2500 (constr) 1500 (op) China First (South lpha) 3684 Mt (40 Mtpa) 2016 $4000m 2500 (constr) 1900 (op) South Galilee 1180 Mt (15 Mtpa) 2015? $4150m 2000 (constr) 1280 (op) Carmichael 7800 Mt (60 Mtpa) 2015? $4100m 5000 (constr) 4000 (op) North lpha 3480 Mt (40 Mtpa) 2017 $1000m N Degulla (PC 1078) 1000 Mt + (30 Mtpa) 2017? $8000m 3000 (constr) 2000 (op) China Stone (PC 987) 3750 Mt (60Mtpa) 2016 $3000m+ N lpha West (GVK) 1800 Mt (20 Mtpa) 2017? (op) lpha West (Waratah) The State of Queensland, Department of mployment, conomic Development and Innovation,

18 Pit km Pit 4 Pit 3 Pit 2 Pit 1 Pit 5 CHPP Tad s Corner (lpha) GVKPIL (79%) & Hancock Coal (21%) Open cut 30 Mtpa (saleable) Draft IS released (Nov2010) Bankable Feasibility Study (Q2 2011) Capx: $3.4 Bn (mine); $2.8 Bn (rail) and $1.7 Bn (port).total: $7.9 Bn Mine Workforce: 1535 (con), 1200 (op) Mine life: 30 years + 6x Draglines, 47 rear-dump trucks Bulk sampling (125,000t to date) Construction: Q First Coal: 2015 Test Pit Dec2010 The State of Queensland, Department of mployment, conomic Development and Innovation, 2010 Test Pit Jun

19 utonomous and Remote Operations Galilee Basin coal suited to automation Technology is already here RioTinto Mine of the Future Mining - changing by the day Innovation - safer, cleaner, efficient Driverless trucks, drills, trains, tunnelling The State of Queensland, Department of mployment, conomic Development and Innovation,

20 MINING RLTD PROJCTS PORTS bbot Point CT X50: Mtpa ($820m) 550 constr completed May 2011 Hay Point CT Phase 3: Mtpa ($2.5 bn) 1000 constr in progress Dungeon Point CT 120 Mtpa ($10 bn) 5000 constr IS in progress Wiggins Island CT 27 Mtpa (Stage 1 $2.5 bn) 800 constr in progress Balaclava Island CT 35 Mtpa ($1 bn) up to 800 constr IS in progress RIL Northern Missing Link (69 km) 50 Mtpa ($1.1bn) 800 constr completed Dec11 WICT Rail Blackwater system dupln. ($900m) 800 constr in progress Moura Link & ldoga Rail Yard expansion ($500m) 350 constr commence 2012 Blackwater rail power upgrade Mtpa ($140m) 1000 constr in progress GS, WTR ND POWR rrow Bowen Gas pipeline (600 km) $1000m 650 constr IS in progress 4x Surat-Gladstone Gas pipelines (450 km) constr in progress Connors River Dam and water pipeline ($790m) 620 constr IS approved The State of Queensland, Department of mployment, conomic Development and Innovation,

21 State-wide outlook: Qld Master Contractors ssn Major Projects Report 9 February 2012 drian Hart from BIS Shrapnel The State of Queensland, Department of mployment, conomic Development and Innovation,

22 MINING PROJCT INFORMTION DDI CQ xploration and new mining developments SQ xploration and new mining developments Coordinator General s (Significant Projects) DRM (I) Current IS Company websites SX website BR (ustralia-wide)..major development projects listing Oct (Bureau of Resources and nergy conomics) The State of Queensland, Department of mployment, conomic Development and Innovation,

23 The State of Queensland, Department of mployment, conomic Development and Innovation,