Financial News
New Wilkie Energy to Moving Ahead with Queensland Coal Mine with Renewable Energy Project
New Wilkie Energy has announced its plans to restart the Wilkie Creek coal mine in Queensland, merging coal with renewable energy. The acquisition of the mine from Peabody Energy comes alongside a large-scale renewable energy project, including a 400-megawatt solar farm and 200-megawatt wind farm, which could be up and running as early as 2024. The mining industry can expect a boost in the workforce as New Wilkie Energy ramps up operations at the mine.
New Wilkie Energy is optimistic about the future of this project as it sets out to become one of Australia's largest renewable energy projects. "I am delighted with the outcomes, and it is the result of great teamwork from a range of people who contributed to the success," says Zia Qureshi, CEO of Catalyst International.
Catalyst International worked as an integral part of the project origination and development team and played a pivotal role in the overall success of the venture. Zia Qureshi, Chairman of Catalyst, said that he is delighted with the outcomes and is the result of great teamwork from a range of people who contributed to the success.
The project start-up included 4 people coming together with a piece of virtually blank paper to develop a billion-dollar business. This team included Gary Williams, Patrick Hanna (one of Australia's leading geologists), Graeme Duncan (a leading mining engineer), and Zia Qureshi (Catalyst CEO).
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The Wilkie Creek coal mine has a resource of over 1.2 billion tonnes with existing train loading, rail to port, electricity, water and road facilities from the previous operator.
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The mine previously operated for 20 years, selling Newcastle-quality thermal coal to Japan, Taiwan and Korea before shutting down in 2013, and has been in care and maintenance since.
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This project will rehabilitate the land and create jobs in the mining industry while also contributing to Australia's renewable energy goals.
Western Downs Regional Council mayor Paul McVeigh said the mine and energy park would greatly develop the area's credentials in energy creation.
"The Western Downs is earning its place as an energy production powerhouse and this new venture by New Wilkie Energy adds to our expanding industry offerings," McVeigh said.
"Council is always welcoming of opportunities to attract new investment opportunities, build our local workforce and create a stronger, more sustainable economy for the region."
"The combination of coal and renewable energy is a responsible way to transition to a cleaner energy future," says a spokesperson for New Wilkie Energy.
New Wilkie Energy is a leading energy company committed to sustainable practices. Through innovative solutions and investments in renewable energy, we strive to make a positive impact on the environment and communities we operate in.
Media Contact
Company Name: New Wilkie Energy and Catalyst International
Contact Person: Zia Qureshi
Email: Send Email
Country: Australia
Website: http://www.catalyst-mg.com/
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