JFE Steel Corporation announced that Byerwen Coal Pty Ltd, a joint venture company in Queensland, Australia between JFE Steel and QCoal Pty Ltd, has shipped its first cargo of hard coking coal produced from the Byerwen Coal Handling and Preparation Plant (CHPP), bound for its West Japan Works.
The development of the Byerwen mine, which is located in the north-east of Queensland, has progressed since the Queensland State Government granted mining leases in April 2017 and the production of hard coking coal from the CHPP started at the end of 2018.
The Byerwen mine produces hard coking coal which is necessary for high quality metallurgical cokes. The coal from the mine has a great market competitiveness due to the vast resources and favourable mining condition that allow for a large-scale open cut operation.
Together with QCoal, JFE Steel will work to develop the mine and provide a stable, long-term supply of coking coal, which is expected to help reduce volatility in the coking coal market.
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