Waratah Coal
| Company type | Subsidiary |
|---|---|
| Industry | Mining |
| Founded | 2005 |
| Headquarters | Australia |
| Parent | Mineralogy |
Waratah Coal is an Australian mining enterprise specializing in coal, established in 2005 as a subsidiary of Mineralogy. The company holds exploration rights across several basins, including the Laura, Bowen, Galilee, and Surat Basin regions.
History
Established in 2005, Waratah Coal initially secured a listing on the Toronto Stock Exchange. By December 2008, it expanded its market presence by becoming a dual listed company through an additional listing on the Australian Securities Exchange. In April 2009, the company was acquired by Mineralogy, leading to its subsequent removal from public exchanges.
Management
From 2006 until 2010, Peter Lynch held the positions of CEO and President at Waratah Coal.
Plans
Waratah Coal is seeking regulatory approval to construct a new coal-fired power station near Alpha in Central Queensland. The project is designed to operate with net-zero emissions upon startup by employing Ultra-Supercritical steam cycle technology—also referred to as High Efficiency-Low Emissions (HELE)—which would make it Australia's inaugural coal-fired power facility utilizing this advanced technology.
The Galilee Coal Project, a mining operation located northwest of Alpha, encountered a legal obstacle in November 2022 when the Queensland Land Court determined that proceeding with the project would unjustly infringe on human rights due to its contribution to climate change. This ruling emphasized environmental considerations over economic advantages but applied exclusively to this particular development rather than imposing a universal prohibition on new coal mines within Queensland.
Additionally, Waratah Coal intends to advance the North Alpha Coal Project, situated further north of Alpha.