LA TROBE VALLEY BROWN COAL ALLOCATION

The Minerals Council of Australia - Victorian Division welcomes the State Government announcement on the next step in the allocation process for the Latrobe Valley’s brown coal reserves.

Victoria is fortunate to be endowed with significant brown coal resources. This low-cost power source has directly contributed to the economic development of the state and on most projections, most recently the Energy White Paper, the future for coal remains bright.

Opening up the Latrobe Valley coal fields will significantly boost the Victorian economy.

In addition to meeting the State’s current and future power needs, brown coal can be converted into a range of products including fertiliser, diesel and export quality coal. With gas demand in Victoria soon to exceed production, the production of natural gas from brown coal also holds significant economic potential for the state.

The MCA encourages the Government to proceed with a tender in a timely manner to align with investment and demand cycles.