NEWS: ASHTON WINS ENVIRONMENTAL AWARD
1 September 2016, Ashton Coal has won the New South Wales Minerals Council Environmental Excellence Award for 2016, in recognition of its efforts to protect the ephemeral flow of Bowmans Creek over its mining lease. (Click to read more)
Located in the Upper Hunter Valley region of New South Wales, the Ashton underground mine produces semi-soft coking coal for export through the Port of Newcastle.
Ashton produced 3.0 million tonnes of Run of Mine (ROM) coal and 1.38 million tonnes of saleable coal in 2015.
The Ashton Coal Mine consists of an underground mine, located in the Upper Hunter Valley region of New South Wales. The mine is 14 km northwest of Singleton and a convenient 90 km from the coal port of Newcastle.
Ashton Coal Mine has a current underground production capacity of over 1.5Mtpa of high quality semi-soft coking coal. Product coal is sold to a number of Asian based steel mills.
The Ashton operation includes the underground mine, an open cut project, a Coal Handling and Preparation Plant (CHPP) and a rail siding.
Open cut mining commenced in early 2004 following a development consent granted by the Minister for Planning in October 2002.
Underground development started in late 2005 with the first longwall production delivered in early 2007. Mining of the North East Open Cut (NEOC) concluded in early 2011.
The mine is located next to the main northern railway. Product is railed to Newcastle (94kms) where the mine has an allocation on of 3.0Mtpa through Port Waratah Coal Services (PWCS).
South East Open Cut Project
The proposed South East Open Cut (SEOC) project has the potential to produce up to 3.6 million tonnes per annum of ROM coal.
As announced 20 November 2015, the New South Wales Court of Appeal determined to uphold a condition attached to the Ashton South East Open Cut Project Approval granted by the NSW Land and Environment Court on 27 August 2014.
The condition provided that no development work associated with the Project can occur until Ashton Coal Operations Pty Ltd has acquired a privately owned property, which forms part of the proposed mining area.
GO TO: Ashton Coal Website
*On 17 February 2016, Yancoal Australia (Yancoal) announced a new debt funding arrangement to secure up to US$950 million via the issuing of nine-year secured debt bonds by a newly established Yancoal subsidiary, Watagan Mining Company Pty Ltd, to a consortium of financiers comprising Industrial Bank Co. Ltd, BOCI Financial Products Limited and United NSW Energy Limited.
On and from financial close, effective from 31 March 2016, Yancoal ceased to control the Austar, Ashton and Donaldson assets, but remains the exclusive provider of mine management, marketing, infrastructure and other corporate support services under 10-year contracts.