{"id":81773,"date":"2024-02-08T22:57:32","date_gmt":"2024-02-08T22:57:32","guid":{"rendered":"https:\/\/globalroadtechnology.com\/\/?p=81773"},"modified":"2024-02-08T22:57:32","modified_gmt":"2024-02-08T22:57:32","slug":"australian-mining-industry-transition","status":"publish","type":"post","link":"https:\/\/globalroadtechnology.com\/australian-mining-industry-transition\/","title":{"rendered":"Big Bucks Secured for Olympic Dam\u2019s Big Battery"},"content":{"rendered":"

BHP\u2019s Olympic Dam copper mine in South Australia will soon get a green energy boost with a wind farm and big battery project.\u00a0<\/span>The wind farm, to be built in Goyder by French renewables producer Neoen, has also received a $99 million windfall from the Federal Government\u2019s Clean Energy Finance Corporation.<\/span><\/p>\n

Once commissioned, the wind farm will generate \u200b203 megawatts of electricity for the Olympic Dam facility. <\/span>A sizable chunk of the energy produced will be stored in Neoen\u2019s big battery to be housed in Blyth, which can store 377 megawatt hours of energy or about half of Olympic Dam\u2019s needs.<\/span><\/p>\n

Construction of the wind farm will generate 400 new jobs for the region, with the battery project adding another 40. <\/span>Understandably, Australia\u2019s Climate Change and Energy minister, Chris Bowen, was keen to highlight the announcement.<\/span><\/p>\n

\u201cIt\u2019s great to see clean energy powering mining \u2013 bringing together key national industrial strengths in renewables and resources while creating jobs,\u201d he said.<\/span><\/p>\n

\u201cThe Federal Government is excited to support a project that involves three vital things for Australia\u2019s future \u2013 wind power, batteries, and strategic materials.\u201d<\/span><\/p>\n

The Olympic Dam facility is a global-scale copper supplier, one of the most critical minerals for clean energy manufacturing, and vital to wind turbines, batteries, and solar panels.<\/span><\/p>\n

Winchester South Gets a Coal Shot<\/span><\/h2>\n

Whitehaven Coal has received Queensland Government approval for its latest coal mine in the Bowen Basin. <\/span>With a federal go-ahead, the Winchester South mine will produce 17 million tonnes of mainly metallurgical coal yearly for overseas steelmaking markets, including China and India.\u00a0<\/span><\/p>\n

The project will see a rail loop built and connected to the existing Bowen Basin coal network alongside the construction of a processing plant, sparking around 500 full-time jobs. <\/span>However, new coal projects are under greater scrutiny than ever due to emissions targets, and how the federal government will view Whitehaven\u2019s proposal remains to be seen.<\/span><\/p>\n

If successful, Whitaven has pledged to invest\u00a0<\/span>$1 billion into Winchester South<\/span><\/strong>, which it claims will generate a further $5.7 billion for Queensland suppliers over a 30-year mine life. <\/span>In addition, Whitehaven predicts paying around $700 million in QLD state royalties and adding $250 million to its wages bill.<\/span><\/p>\n

The mine will also produce a smaller amount of secondary thermal coal for energy generation. <\/span>The Coordinator-General, Kerry Smeltzer, has recommended that \u201cthe project proceed, subject to conditions and recommendations.\u201d<\/span><\/p>\n

\u201cI expect that the commitments made by the proponent in the EIS (environmental impact statement) will be fully implemented,\u201d he said.\u00a0<\/span><\/p>\n

Australia\u2019s Nickel Woes Continue: Avebury Shutdown<\/span><\/h2>\n

Avebury mine on Tasmania\u2019s rugged west coast is now the latest in a string of recent nickel mine closures to hit Australia. <\/span>Restarted just two years ago, Avebury has fallen victim to Nickel’s price drop as Indonesian miners ramp up their supply and leverage a significant market edge.\u00a0<\/span><\/p>\n

Now back in a\u00a0<\/span>\u2018care and maintenance\u2019 phase<\/span><\/strong>, the mines\u2019 closure is a blow for the region and its owners, Mallee Resources, who have been unsuccessful in finding a buyer. <\/span>According to Avebury\u2019s receiver, Scott Langdon, the \u201coversupply of low-quality Indonesian nickel made the higher-priced, good quality Australian nickel uncompetitive.\u201d<\/span><\/p>\n

\u201cAs many Australian miners have recently experienced, without a structural change in the market to value low-carbon, battery-grade nickel properly, local mine operations will continue to be disadvantaged compared to their competitors,\u201d Mr Langdon said.<\/span><\/p>\n

He added that it was disappointing that despite interest from market players, there was no path for a sale at the current time.\u00a0<\/span><\/p>\n

\u201cThese external factors left us with no other choice than transitioning to a care and maintenance program for Avebury,\u201d he said.\u00a0<\/span><\/p>\n

\u201cWe thank the Avebury workforce for their hard work and support throughout the receivership.\u201d<\/span><\/p>\n

 <\/p>\n

Dust suppression is a critical issue in the world of mining and resources.<\/strong><\/p>\n

Learn more about GRT\u2019s industry-leading and IoT-connected\u00a0SMART Dosing Units<\/a>, and discover how we\u2019re driving better dust suppression solutions for all!<\/strong><\/p>\n

If you\u2019d like to talk with an expert, simply\u00a0contact us<\/a>!<\/strong><\/p>\n

Your feedback is important to us.\u00a0<\/strong><\/p>\n

If you enjoyed reading this Global Road Technology industry update and found it informative, please let us know by leaving a\u00a0REVIEW<\/a>.<\/strong><\/p>\n

 <\/p>\n

References:<\/span><\/p>\n

https:\/\/minister.dcceew.gov.au\/bowen\/media-releases\/wind-farm-and-battery-help-power-one-worlds-largest-copper-mines<\/span><\/a><\/p>\n

https:\/\/whitehavencoal.com.au\/our-business\/our-assets\/winchester-south\/<\/span><\/a><\/p>\n

https:\/\/malleeresources.com.au\/wp-content\/uploads\/2023\/09\/230915-Receivers-Appointed-.pdf<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

BHP\u2019s Olympic Dam copper mine in South Australia will soon get a green energy boost with a wind farm and […]<\/p>\n","protected":false},"author":5,"featured_media":75862,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[115],"tags":[],"class_list":["post-81773","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-articles"],"yoast_head":"\nAustralian Mining Industry Transition: Renewable Energy & Nickel<\/title>\n<meta name=\"description\" content=\"Explore Australian mining industry transition to renewables & challenges faced in nickel sector amidst global changes.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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