jobs bonanza in new coal rush

Exergen could have its allocation but reading that they could be getting their own coal allocation and the demo plant sounds like it could be built in the Latrobe valley which is logical - BM would have turned into a disaster if they ever go ahead and would potentially delay the project for years.

"And the Herald Sun understands that windfall could be the tip of the iceberg, as other overseas groups are interested in similar-scale schemes."

Sounds like this is still 4+ years away, the coldry project should be mentioned and surprise that is going under the radar or maybe there's reasons behind the scnes for this, not surprised that exergen themselves are leaking this type of info out.

"Under the first stage of its Victorian project the consortium plans to spend $50 million building a full-scale commercial demonstration plant, to be operational within three years of it receiving an allocation."


EXCLUSIVE: A PLAN to export Victoria's brown coal will deliver 3300 jobs and more than $11 billion in new revenue as the state plots its own mining boom.


Internal government documents seen by the Herald Sun reveal the enormous scale of the proposed project and how advanced negotiations are.

The Baillieu Government has been in secret talks with a consortium from India, Japan and Australia for more than a year about granting access to the state's huge deposits of brown coal, papers show.

That project alone would generate $11 billion in state revenue and create 3000 jobs on its construction and another 300 on-going jobs through its operation.

And the Herald Sun understands that windfall could be the tip of the iceberg, as other overseas groups are interested in similar-scale schemes.

Jobs bonanza in new coal rush Documents detail how a consortium led by Australian company Exergen, backed by India's biggest business group, Tata, and Japan's third-largest trader, Itochu, is in talks with the Government over one plan.

Tata Power executives met state Energy Minister Michael O'Brien and federal Resources Minister Martin Ferguson in October, claiming the coal project could deliver $11 billion in royalties to Victoria's economy in the next 40 years.

Exergen has told the Government it has spent $20 million developing technology that can reduce the moisture content of brown coal from 65 per cent to 25 per cent, making it suitable for export.

Under the first stage of its Victorian project the consortium plans to spend $50 million building a full-scale commercial demonstration plant, to be operational within three years of it receiving an allocation.

Exergen is also collaborating with the CSIRO to develop the use of its treated brown coal, and claims three direct injection coal engines would be able to replace a third of the electricity generated at Hazelwood, but with vastly lower emissions.

Exergen chief executive officer Trevor Bourne told the Herald Sun his group wanted access to a billion tonnes of Victoria's brown coal, with full confidence it could make the project commercially and environmentally sound.

"We are going to invest $100 million in proving this - we are confident enough to spend that money," he said.

"We are a committed company that think we can have an impact reducing carbon dioxide and unlocking the value in the Latrobe Valley."