ITOCHU has been involved in the coal industry in Australia for about 50 years, and throughout its years, ITOCHU has shifted from a coal trading company to an investment and trading company. ITCOHU has been active in acquiring coal assets and as a result, it is now involved in five coal projects in Australia andone project in Indonesia.
Oaky Creek Joint Venture (QLD)
The Oaky Creek project, managed by Glencore, is located in central Queensland and roduces premium hard coking coal from an underground mine. Production capacity is in the order of 6Mtpa to export markets through the Dalrymple Bay Coal Terminal and Port of Gladstone.
The Karin project, managed by Vitrinite, is a green-field project located in central Queensland. IMEA has signed a staged farm-in agreement with Vitrinite for the exploration of the Karin Project. ITOCHU has agreed with Vitrinite to grant exclusive global marketing rights for the coal product from Karin Project.
The Wandoan Joint Venture, managed by Glencore, is an undeveloped coal deposit located in the Surat Basin in southern Queensland. Total resources of Wandoan project is more than 3.0 billion tonnes. The project is estimated to produce a minimum of 22Mtpa of export when in full operation.
Ravensworth North Project (NSW)
The Ravensworth North Project, managed byGlencore, is locatedin the Hunter Vally region. Operations commenced in May 2021, and the mine produces 10Mtpa to export markets through PWCS Port at Newcastle.
Maules Creek (NSW)
The Maules creek project, managed by Whitehaven Coal, is located in the Gunnedah Basin and has one of the largest coal deposits in Australia. IMEA formed a Joint Venture in May 2011. First coal was railed in December 2014, and the mine is producing 13Mtpa of premium quality coal.
PT Suprabari Mapanindo (Indonesia)
PT Suprabari Mapanindo(SMM) is a project located in Central Kalimantan, Indonesia. IMEA formed a Joint Venture with PAMA Group. Operation commenced in December 2014, producingcoking coal.