Formed in 2005 and based in Brisbane, Waratah Coal is focused on the exploration and development of coal projects in Australasia. Along with another Mineralogy subsidiary, Galilee Pty Ltd, Waratah Coal proposes an $8.4 billion coal mine and infrastructure project in the Galilee Basin in Central Queensland.
The Galilee Coal Project includes a large scale thermal coal mine near Alpha, west of Emerald. The complex will include four underground mines, two surface mines and associated coal handling and processing facilities. The mine will be linked to a new coal terminal at Abbot Point near Bowen by a new 453 km standard gauge, heavy haul railway line.
The Galilee Project and Waratah’s Galilee Power project have both been granted ‘significant project’ status by the Coordinator-General of Queensland in November, 2008, and September, 2009, respectively.
After being listed on the Toronto Stock Exchange and later the Australian Stock Exchange, Waratah Coal in December, 2008, accepted an offer from Mineralogy Pty Ltd for a controlling stake in the company.
Waratah Coal became part of the Mineralogy Group and the company is 100 per cent owned by Mineralogy Pty Ltd. The Mineralogy Group and associated entities have 25 years’ experience developing, managing, and funding a range of major projects.
Through its diversified interests, which includes Yabulu Nickel refinery in Townsville, oil and gas exploration in Papua New Guinea and the Sino Iron magnetite iron ore development in Western Australia, the Group has formed major international alliances in China and domestically.