Project Description:
- Converting the coal supply from an adjacent mine from purchase of coal from Rio Tinto to the ownership and operation of the mine by Tarong Energy
- Undertaking studies for the potential of sourcing coal from a new mine some 20+ km from the power station
Project Details
Client: Stanwell Corporation
The Challenge:
- Development and implementation of a plan to convert the operation of the coal mine from existing owner to Tarong Energy without any risk to continuity of supply
- Develop a new mining contract and obtain Board approval of the contract details and risk allocation
- Manage the procurement process up to award of contract
- Brief the Tarong Board as to their recommended role in overview of the mining operation
- Provide concept level pricing and scheduling of a cross country conveyor system
- At the time of assignment another Member of Flagstaff was also on the Board of Tarong Energy
The Outcome:
The ownership and operation of the mine was transferred from Rio Tinto to Tarong Energy without any loss of production or mishaps
The new mining contract was awarded on time
The form of contract served both parties well over the duration of the mining contract
The Board was fully informed throughout process to allow for smooth transition and operation of the mine under Tarong control
Additional reserves were proven viable at the existing mine to support the business plan which resulted in the elimination of the need for a new mine
The Flagstaff member served out his specified duration as Board Member without conflict and added value to the various board discussions and decision making
