TelestackTMS Tanker Conference 2020Sailors SocietyThe Wolfson Centre for Bulk Solids Handling Technology Bühler GmbHCleveland Cascades Ltd
  • Sailors Society
  • Cimbria Bulk Equipment A/S
  • TMS Ship Finance & Trade Conference 2020
  • Cleveland Cascades Ltd
  • Vigan
  • TMS Awards 2020

BMA to sell Gregory crinum mine

(Posted on 31/05/18)

BHP Billiton Mitsubishi Alliance (BMA) joint venture partners BHP and Mitsubishi Development Pty Ltd (Mitsubishi) have entered into an agreement to sell the Gregory Crinum Mine in central Queensland, to Sojitz Corporation for A$100 million.

In addition to the sale of the mine to Sojitz, BMA will be providing appropriate funding for rehabilitation of existing areas of disturbance at the site, with all rehabilitation liabilities transferred to Sojitz. The net impact from this funding is not material for BHP or Mitsubishi.

Gregory Crinum is a hard coking coal mine located 60 km north east of Emerald in the Bowen Basin. The site comprises the Crinum underground mine, Gregory open cut mine, undeveloped coal resources and on-site infrastructure including a coal handling and preparation plant, maintenance workshops and administration facilities.

Gregory Crinum Mine’s capacity was six million tonnes of hard coking coal per annum when production ceased and it was placed into care and maintenance in January 2016.

BMA made the decision to sell the mine after a detailed review that concluded there is potential for another party to realise greater value at the mine.

BMA Asset President Rag Udd said, “This is a great outcome for the parties to the transaction and for the region. This will provide further employment in Emerald, and additional royalties and taxes to the people of Queensland”.

“We wish Sojitz well in its plans to recommence production at the site,” Mr Udd said.

Completion of the sale is subject to the fulfilment of conditions precedent including customary regulatory approvals, which could take several months. During the approval period BMA and Sojitz will work together to facilitate a smooth transition.

Latest News

Oyu Tolgoi mine confirms project schedule

(Posted on 06/07/20)

Oyu Tolgoi LLC has completed an updated feasibility study (OTFS20) and is in the process of submitting... Read more


Rusal publishes sustainability report

(Posted on 06/07/20)

RUSAL, a leading global aluminium producer, has published its annual Sustainability Report on the Hong... Read more


Cargill joins decarbonising research centre

(Posted on 30/06/20)

Cargill has joined leading players across the global maritime industry to launch the Maersk Mc-Kinney... Read more


Oyu Tolgoi mine power agreement

(Posted on 30/06/20)

Rio Tinto, Turquoise Hill and the Government of Mongolia have reached an agreement on the preferred... Read more


ADM to expand corn processing complex

(Posted on 25/06/20)

To help meet continuing high demand for hand sanitizer, ADM has announced it is significantly increasing... Read more


Support for U.S. Grains Act

(Posted on 25/06/20)

The National Grain and Feed Association (NGFA) in the USA and North American Export Grain Association... Read more


Rio Tinto announces board-led heritage review

(Posted on 19/06/20)

Rio Tinto has launched a board-led review of its heritage management processes within Iron Ore following... Read more


WCA responds to India coal auctions

(Posted on 19/06/20)

Statement from Michelle Manook, World Coal Association Chief Executive:“The World Coal Association... Read more


Rusal launches new foundry complex

(Posted on 18/06/20)

RUSAL, a leading global aluminium producer, has announced the commissioning of a new foundry complex... Read more


World steel demand to shrink 6.4%

(Posted on 15/06/20)

The World Steel Association (worldsteel) has released its Short Range Outlook (SRO) for 2020 and 2021... Read more


ViganPort of StocktonTMS Webinar Series COVID-19: A Leadership Perspective - ‘Scanning the Financial Horizons’Cimbria Bulk Equipment A/SPort of Vancouver USATBA Group
  • TMS Webinar Series COVID-19: A Leadership Perspective - ‘Scanning the Financial Horizons’
  • The Wolfson Centre for Bulk Solids Handling Technology
  • Telestack

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping