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mining (L-R)Tina Vebel, Merill Bulst and Nick Bulst Aboutusgeneric_2 Matilda Walsh enjoying the entertainment at Saturday’s race day. dragline fifo (L-R) Tony, Jackie, Daly, Layla and Ruby Smith. (L-R) Trackside with Isaac Regional Councillor Jane Pickles Mayor Anne Baker and Deputy Mayor Geoff Bethel at the 2017 Middlemount Race Day on Saturday, August 5. Port Emily Files Nicola Wilson and Charlotte Wilson. (L-R) Tiffany Maskel, Senior Youth Girls runner up Maddison Hite, Senior Youth Girls winner Nicola Pickering and Ben Hungerford. Tara Flaherty and Rachel Mackie Aboutusgeneric_1 (L-R) Burdekin MP and LNP candidate for the seat of McMaster Dale Last with Middlemount Race Club Committee President Donald Black and winning trainer Tim Cook.
mining (L-R)Tina Vebel, Merill Bulst and Nick Bulst Aboutusgeneric_2 Matilda Walsh enjoying the entertainment at Saturday’s race day. dragline fifo (L-R) Tony, Jackie, Daly, Layla and Ruby Smith. (L-R) Trackside with Isaac Regional Councillor Jane Pickles Mayor Anne Baker and Deputy Mayor Geoff Bethel at the 2017 Middlemount Race Day on Saturday, August 5. Port Emily Files Nicola Wilson and Charlotte Wilson. (L-R) Tiffany Maskel, Senior Youth Girls runner up Maddison Hite, Senior Youth Girls winner Nicola Pickering and Ben Hungerford. Tara Flaherty and Rachel Mackie

Carborough Downs next coal casualty?
VALE mothballs Integra mine as CQ sites face the guillotine.
Tuesday 20 May 2014  

BRAZILIAN miner Vale will mothball its Carborough Downs mine in Central Queensland by the end of the year, according to a source close to the miner.

The company’s Integra mine in New South Wales was put into care and maintenance last week, and with it 500 jobs lost.

Now, the future of its two Central Queensland mines - Carborough Downs and Isaac Plains - are in question.

“Carborough can’t close until the end of their current longwall block, which is scheduled for the end of 2014,” a source close to Vale told Shift Miner.

“It is suffering huge losses, but will also be placed in care and maintenance. Capital for future development has been frozen.”

The Isaac Plains joint venture project with Japan’s Sumitomo is also under a cloud.

“Isaac Plains with either be put in care and maintenance, or Sumitomo will buy Vale out. It is also losing money and capital to develop its Isaac Plains south expansion has been frozen,” said the source.

Employees of the company are increasingly vexed by the apparently extravagant ways of the Australian arm of Vale’s management team, based in Brisbane, during a dire time for workers at the pit.

“We aren’t stupid; we know the price of coal is low, but Vale’s overheads are ridiculous and we seem to take the brunt of it at the coal face, so they can maintain their extravagant lifestyle,” said the source.
“People are flying business class around the world and using limousines to cart them around Brisbane while the Australian business is mismanaged year after year.

“The morale is terrible - head office is like walking on eggshells and sites are devastated.”


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