COALBANK TAKES UP THE CHALLENGE TO HELP MEET FUTURE ENERGY NEEDS

COALBANK plans to build an energy business supplying low carbon emission coals from south and central Queensland to domestic and export markets.  The company also has petroleum and gas interests through its wholly-owned subsidiary Surat Gas Pty Limited.

COALBANK's major energy projects are hosted in the Walloon Coal Measures and are within practical reach of existing infrastructure. The Tambo Project is in the Western Surat Basin between Roma and Tambo. The Moreton Energy Coal Project is in the Clarence-Moreton Basin near Beaudesert.

These projects are aimed at developing energy sources which emit fewer greenhouse gases than many other coals.

Walloon coals contain appreciably less carbon and more organically bound hydrogen than most thermal coals. These produce less carbon dioxide when burned.

Further coal exploration projects are located in central and southeast Queensland.