Waratah Coal is a privately owned Australian coal exploration company with major mining and infrastructure projects in central Queensland.
The company was previously dually listed on the Toronto Stock Exchange and the Australian Stock Exchange before being incorporated into minerals group Resourcehouse Limited in 2009 after being acquired by Professor Clive F. Palmer.
Waratah Coal holds extensive tenements in the Galilee Basin, west of Emerald in central Queensland, an area renowned for a significant high quality coal resource previously unexploited due to the absence of necessary infrastructure. Waratah Coal’s major venture is the China First project, a coal mine and infrastructure venture which will connect the company’s extensive coal reserves in the resource-rich Galilee Basin to a new coal terminal on the central Queensland coast.
This project is the largest of its kind to be undertaken by a private company in Australian mining history and the construction phase is expected to provide employment for up to 6,000 employees with a further 1,500 employees required for the long-term operation of the project.
Waratah Coal has recently secured Australia’s largest export contract to provide 30 million tonnes of coal per year over a 20 year period which solidifies the company’s aim of being a primary contributor to the economic success of Queensland.
Waratah Coal prides itself on its commitment to the economic development of regional Queensland through the growth of mineral wealth while operating with an excellent record in the areas of health, safety and the environment.
ANNOUNCEMENTS
01.11.2009
Queensland Premier visits "China First" Coal Project
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