The Ashton Coal Project is located approximately 14 km north-west of Singleton in the Hunter Valley, New South Wales. The Ashton Coal Project is adjacent to the Open-Cut mines of Glendell (Glencore), Integra (Vale), Lemington (Rio Tinto), Ravensworth (Glencore), and Narama (Glencore). Adjacent Underground mines include Integra (Vale) and Newpac (Glencore).
Planning approval from the Minister for Planning was recieved on 11 October 2002, it was assessed as an integrated, State Significant Development pursuant to the provisions of the Environmental Planning and Assessment Act 1979.
The project includes an open cut coal mine, an underground coal mine, a Coal Handling and Preparation Plant and a rail siding. The Ashton Open-Cut and Underground Coal Mines have a current production capacity of approximately 3.9mtpa of high quality Semi-Soft Coking Coal. This coal is predominantly exported to Asian steelmakers.
Ashton currently produces and exports approximately 3.0 million tonnes per annum of predominantly Semi-Soft Coking Coal; with some thermal coal capacity. This is done through the Port of Newcastle, New South Wales.
The Ashton Coal operations is wholly owned by Yancoal Australia Ltd. Yancoal Australia Ltd acquired the interest in the Ashton Open-Cut and Underground Coal Mines effective from December 2009 through its purchase of Felix Resources Pty Ltd. Yancoal Australia Ltd is the operator of these mines and manages the operation.
Yancoal Australia is a significant and growing coal company with a diversified product mix of metallurgical and thermal coal mines in New South Wales and Queensland. Following its merger with Gloucester Coal Limited and its listing on the Australian Securities Exchange, Yancoal Australia is now one of Australia's largest listed pure-play coal producers. Yancoal is the ninth largest pure-play coal company globally (based on reserves), with 3.4Bt of resources, 697Mt of reserves and plans to grow saleable production to approximately 25Mtpa to 33Mtpa by 2016 (equity basis).
Yancoal has a porfolio of seven operating mines, six projects under feasibility study, a suite of exploration assets and major infrastructure shareholdings. Yancoal also has access to a growing portfolio of intellectual property assets, including the proprietary Longwall Top Coal Caving (LTCC) technology, Ultra Clean Coal (UCC) patented technology and Premier Char, a patented technology that allows an innovative process for the production of coal char from low rank coals. For further information please visit the Yancoal website by clicking here.