AUL austar gold limited

Wow K, that takes the cake!Not just an existing pipeline...

  1. 4,289 Posts.
    Wow K, that takes the cake!

    Not just an existing pipeline easement(which we already knew of) but an actual pipeline in place unused from EL5210 to Port!!!!!!!!!! Unbelievable!

    here's another good link -

    www.wellington.vic.gov.au/.../Inquiry-into-Greenfields-Mineral-Exploration

    "Carbon tax in two ways. One from our side is actually a help to
    Exergen because we are a low emission technology company, so carbon pricing
    signals actually help drive the use of these types of technologies, so that on one side
    is a positive. The power emission technology we’re developing collaboratively with
    CSIRO would see from coal in ground to power dispatched numbers using Exergen
    feed technology around 675 kilograms per megawatt sent out, about 55 per cent
    lower than Hazelwood today. So actually carbon price signalling which pushes
    towards gases will see the next commercial price signal and will make that
    technology very commercial and we believe on the numbers that we’ve modelled,
    and CSIRO has verified, that we can put power out at about $55 per megawatt hour
    out of Latrobe Valley, which is significantly lower than any gas forecast that’s
    coming."


    What?


    Did he say "The power emission technology we’re developing collaboratively with CSIRO"????????????????

    I thought the CSIRO were just using Exergen's CHTD as a possible fuel source, but the above implies that Exergen/CSIRO are responsible for the development of the tech as a whole, not seperately(ie Exergen fuel - CSIRO tech)

    It ties in with this -

    Recipient -

    CSIRO Advanced Coal Technology,
    with participants Exergen and Energy
    Resources

    Project -

    Power generation using processed
    brown coal in adapted diesel engines

    Funding -

    $1.3 million



    and then this -


    "Dr Jack Hamilton, Chief Executive Officer of Exergen, urged the Victorian Government to play a more proactive role in seeking active development of resources:

    … [Victoria should] move proactively to adopt the nature of a resource developer and
    actively recognise the development of this energy asset for the State. Use leverage,
    the fact that it holds coal, to actually collaboratively seek private investing cofounding
    to get through the technical demonstration risk, so that the State can minimise the
    amount of money it actually has at risk by using the actual promise of the asset in
    ground with a very strong ‘use it or lose it’ principle to apply to both any funding
    support as well as coal support."



    and then this is interesting -



    "Separation between regulation and facilitation roles

    In submissions and evidence received from industry stakeholders,
    recommendations were made for structural separation between the facilitator of
    exploration, mining and extractive projects and the industry regulator.
    Mr Richardson from EGSC saw an opportunity for the Government to establish a
    coordinating or facilitating role that is separated from the regulatory role of DPI.
    He considered that the broader community would have difficulty with the
    perception of an ‘agency whose role was to facilitate development as well as
    protect the community’s interests’.864 Dr Hamilton of Exergen also concurred
    with his view.865 Mr Jacobs of IGO spoke of Western Australia where major
    resource projects of state importance were dealt with through a department
    structurally separated from industry and environmental regulators, which gave
    them a greater role as project advocates and facilitators within government:
    They had a Department of State Development. They were very different. They were
    segregated from the regulators. They did not seem to have any problem vigorously
    proposing projects, which still had to go through via the EPA and all the approvals'"



    Then this is good -



    "Dr Jack Hamilton, Chief Executive Officer of Exergen, also gave evidence of the
    value of good access to rail infrastructure and port links to the company as part of
    its long-term plans to export de-watered brown coal. This factor played a role in
    Exergen’s decision to enter into a Memorandum of Understanding with Mantle
    Mining and its brown coal exploration and mining project at Parwan. Exergen saw
    good rail access as advantaging Parwan over alternative coal deposits in the
    Latrobe Valley.

    Dr Hamilton said of Mantle Mining’s Parwan project that:

    … it does have some advantages in the logistic infrastructure — the Melbourne –
    Ballarat railway line runs over the tenement so that gives you rail access to Port of
    Geelong as effectively there is no rail access out of Latrobe Valley of any sort of
    capacity. My competitors do tell me you can do rail access but I just make the
    comment: let me know when the first coal train is going through, I will stand at
    Federation Square and watch it go through Flinders Street. It will probably be the last
    coal train through Flinders Street."


    and in this link K they mention pipelining CHTD DICE fuel to Port.


    http://www.parliament.vic.gov.au/images/stories/committees/edic/greenfields_mineral_exploration/subs/22_-_Exergen.pdf

    That whole link is a great read for any not familiar with it IMO

    cheers
    B Rubes
 
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