logo Japan-Australia Minerals Investment Seminar 2012 Queensland s Exploration and Resource Investment Opportunities Brad John Chief Government Geologist Geological Survey of Queensland Tokyo 12 November 2012
Queensland Mining 12.5% of Gross State Product (2010/11) $23.8 billion 61% of State exports (2011/12) $32.17 billion Total at-mine value (2010/11) $35.6 billion 61% of Queensland s private capital investment (2011/12) $25.9 billion Source: Australian Bureau of Statistics Haul Road and pit, Century Mine, NW Queensland. Photo courtesy of MMG
Current Queensland Exploration and Development Activity 700 600 Coal (88 companies) Minerals (217 companies) 500 171 No. of Projects 400 300 52 200 100 0 409 286 100 169 Grass Roots Exploration Advanced Exploration 18 59 Feasibility Study * Source: Interria July 2012
Queensland Minerals Over A$7.93 billion production in 2010-11 Over 100 significant operating mines 32 different minerals 80% of value of State s minerals produced from the North West Queensland Mineral Province
Australia s Lead and Zinc Resources
Lead-Zinc provinces of the world The North West Queensland Mineral Province is the richest leadzinc province and one of the largest in the world
Molybdenum and Rhenium Wolfram Camp (Deutsche Rohstoff AG) 1.42 Mt at 0.6% WO 3 and 0.12% Mo (operating) Julia Creek (Deutsche Rohstoff AG) 5.3 Bt at 0.35% V 2 O 5 and 312 g/t MoO 3 Kalman (Kings Minerals NL) 60.8 Mt at 0.32% Cu, 0.05% Mo, 1.19g/t Re, 0.15g/t Au Merlin - Little Wizard (Ivanhoe Australia ) 13 Mt at 0.8% Mo and 14 g/t Re (operating)* Anthony (Zamia Metals Limited) 318 Mt at 0.039% Mo Greater Whitewash (Aussie Q Resources Ltd) 242 Mt at 1173 ppm Cu, 258 ppm Mo, 2.02 ppm Ag, and 38 ppm W *Combined indicated resource Anduramba (Archer Resources Limited) 31.6 Mt at 540 ppm Mo, 4.72 ppm Ag, and 137 ppm Cu
North West Queensland Mineral Province Mineral Occurrences Total Magnetic Intensity image
Mineral Development Operating mines Advanced projects
Australia s Coal Resources
Queensland Coal Largest seaborne exporter of coal in the world (~20% of total seaborne trade) 47% of Australian exports 15% of internationally traded coal 43% of internationally traded coking coal
Queensland Coal 34 billion tonnes of proven coal resources (~45% of Australia s total) 56 operating coal mines in 2011 Produced 179.8 Mt of saleable coal in 2010-11 Export sales 162 Mt in 2010-11 Domestic sales 23 Mt in 2010-11
Queensland coal exports by type metallurgical & thermal Million tonnes Coal exports 2010-11 = 162.4 Mt 200 180 Estimate when available THERMAL COKING 160 58 140 120 100 80 60 40 20 24.2 55 25.7 61 31.8 62 31.0 74 36.6 81 36.9 86 42.3 87 44.8 90 40.0 106 42.8 100 43.1 110 39.7 112 49.7 109.6 125 46.2 116 0 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Year ending 30 June
Queensland coal export destinations 2010-11 CHINA 21.7Mt (13.4%) EUROPE 18.3Mt (11.3%) TAIWAN 11.2Mt (6.9%) AMERICAS 6.9Mt (4.3%) OTHER EAST ASIA 2.8Mt (1.7%) AFRICA 1Mt (0.6%) WEST ASIA 1.3Mt (0.8%) KOREA 22.1Mt (13.6%) INDIA 27.5Mt (17.0%) JAPAN 49.2Mt (30.4%) Total coal exports 2010-11: 162 million tonnes
Central Queensland Coal
Southern Queensland Coal
Galilee Basin - development
Coal Development Operating mines Mines under construction Advanced projects
Queensland Coal Rail Capacity and Committed Short-Term Expansion Coal Rail System (Port) Throughput 2011-12 Estimated haulage capacity 2015 Likely completions by 2020 (million tonnes per annum) (million tonnes per annum) (million tonnes per annum) Newlands (Abbot Point) 13.6 75 105 Galilee (Abbot Point) 45 Goonyella (Hay Point) 82.95 140 200 Blackwater-Moura-Surat* (Gladstone) 59.76 122 189 Western (Brisbane) 8.57 10 12 Total 164.88 347 551 * Surat Basin railway to commencement date possibly mid 2015. Source: Queensland Coal Rail Infrastructure Program September 2012
Source: Queensland Japan-Australia Coal Port Minerals Capacity Investment Expansion Program Seminar, September 2012 2012 Actual Throuphput 2011-12 Current Capacity Planned Capacity by 2015 Planned Capacity by 2020 (Mtpa) (Mtpa) (Mtpa) (Mtpa) Abbot Point T0 (A d ani Gro up ) 25 25 (2016) Abbot Point T1 (A d ani Gr o up ) 13.60 50 50 50 (2012) Abbot Point T2 (B HP B illit o n) 30 (2018) Abbot Point T3 (GV K) 15 45 (2019) Abbot Point T4 (N QB PC ) Dudgeon Point (B ro o kf ield Inf rast ruct ure ) 34 (2017) Dudgeon Point (A d ani Gro up ) 30 (2018) Dalrymple Bay (Prime Inf rast ruct ure ) 50.97 85 85 85 Hay Point Services (B M A ) 31.98 44 55 (2014) 55 (2014) RG Tanna (Glad st o ne Po rt s C o rp o rat io n ) 55.64 70 73 (2014) 73 (2014) Barney Point (Glad st o ne Po rt s C o rp o rat io n ) 4.12 7 7 0 Wiggins Island (W IC ET C o nst o rt ium) 27 (2014) 61 (2017) Balaclava Island (X st r at a ) 0 35 (2016) Fitzroy Terminal (M it chell Gro up ) 0 10 (2018) Yarw un Terminal (T erminal t o T erminal Lt d ) Queensland Coal Ports and Capacities Fisherm an Islands (Qld B ulk Hand ling ) 8.57 10.0 10 12 (2016) Total 164.88 266.0 347.0 545.0 Mtpa = million tonnes per annum
Reasons to invest in Queensland s mineral and coal industries Queensland Government welcomes foreign investment World-class mineral and coal resources Proven production and further exploration potential Attractive investment opportunities Good and growing infrastructure Stable government and transparent legislation and policies Highly skilled and productive workforce Strategic Asia-Pacific location Great place to work Come for the business stay for the lifestyle
Brad John Chief Government Geologist Geological Survey of Queensland Phone: +61 7 3035 5200 Email: brad.john@dnrm.qld.gov.au