Malabar Coal will most likely keep expanding all the way to the early/mid 2030's & top out at 10~12mtpa of mainly Met Coal
Maxwell UG in 2 phases of 2~3mtpa & Spur Hill UG (an extension of the same seams, separted by a fault) in 2 phases of 2~3mtpa
the Drayton CHPP has capacity of 5mtpa, so Spur Hill will take 10+ years to bring online, due to approvals & plant expansion. But with Qld taxing the lights out of their Met miners, it makes sense to develop Spur Hill as the combined deposits have 600mt of marketable coal (1.4Bt including indicated & inferred). That's 50~100 years @ 12mtpa
NHC Price at posting:
$5.28 Sentiment: Buy Disclosure: Held
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