About

Vitrinite Pty Ltd, is a privately owned company holding an extensive strategic coking coal tenement portfolio within Queensland’s world-class Bowen Basin. Our assets are situated in close proximity to operating mines, infrastructure and proven economic resources. Vitrinite is currently focused on executing an exploration drilling and definition program of JORC resources across multiple sites representing the next generation of premium tier one assets in Australia.

Vitrinite is a young, progressive company. We insist on excellence in every aspect of our work and take immense pride in the coal industry and the Australian resources sector. We are stewards of the lands and minerals we are developing, aiming to achieve out sized returns for our shareholders and stakeholders. We embody and encourage an open and collaborative attitude, inward and outward, in our company values. Vitrinite's vision is to create value and wealth through the provision of energy to power world economic growth, exceeding and setting world’s best practices in every endeavour.

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COAL NEWS

Clive Palmer rejoins Australia's rich list after becoming a billionaire

On January 17, 2019

One of the biggest characters in the Australian business community returns to the Forbes rich list as Australia's 20th richest person thanks to a court-ordered royalties payout of over $200 million.Read more

Adani remains under investigation by Qld Government over bores

On January 17, 2019

Indian miner Adani remains under investigation by the Queensland Government for alleged illegal works on its Carmichael mine site, despite federal authorities ruling out any wrongdoing in October.Read more

Huge mine site sinkhole engulfs explosives truck

On January 15, 2019

A 13-metre-deep sinkhole opened up at a West Australian mine site, swallowing an explosives truck and a tool carrier not far from where four people were working, a report reveals.Read more

Great Australian Bight seismic testing gets green light

On January 15, 2019

Oil and gas testing is set to take place in the Great Australian Bight this year, with the national petroleum regulator granting permission to exploration company PGS.Read more

Driver who was sacked after train derailment is claiming unfair dismissal

On January 10, 2019

The driver of a fully laden BHP iron ore train that was deliberately derailed in the Pilbara in November, bringing the company's rail network to a halt and leaving a trail of destruction, lodges an unfair dismissal claim after being sacked.Read more

Adani denies sinking illegal dewatering bores despite labelling them 'DWB'

On December 29, 2018

Mining firm Adani has unwittingly provided "persuasive" evidence for a Queensland Government investigation into allegedly illegal dewatering bores on its Carmichael mine site, environmental lawyers say.Read more

Fracking could fuel Top End water infrastructure expansion, NT Government says

On December 26, 2018

Acting NT Natural Resources Minister Lauren Moss says she would welcome water resource initiatives after a Curious Darwin investigation raised questions about how the Territory's water supply could be used to develop the region.Read more

Adani employee and traditional owner referred to ASIC over trust fund collapse

On December 20, 2018

A traditional owner employed by Adani is referred to the Australian Securities and Investments Commission for investigation over the collapse of a million-dollar trust fund set up to hold mining income for the Wangan and Jagalingou (W&J) people.Read more

Insurance companies pressured not to cover Adani's Carmichael mine

On December 20, 2018

One of the big stumbling blocks for Adani's proposed Carmichael coal mine has been securing finance from lenders to build the project, and now there may be another problem.Read more

Adani's key water management plan is flawed and used some unverified data, CSIRO says

On December 16, 2018

The CSIRO is warning that an ancient and nationally significant springs complex could be permanently dried up under the mining giant's plan to drain billions of litres of groundwater annually.Read more

LATEST ANNOUNCEMENTS

  • Fresh Prospects
    Vitrinite was featured in an Australian Mining Review article this week . The article titled, "'Fresh Prospects': As Bowen Basin coal producers enjoy their biggest profits in years, players are gearing up for the next generation of projects to feed a growing global appetite for high quality thermal and metallurgical coal. 

    In the Black

    Bowen Basin locals may be quick to talk down another coal boom, but there is no question confidence is returning to the region. An upturn in coal prices is boosting new exploration and development, M&A activity, mine expansions, and prompting companies to reopen shuttered operations. Mr Williams, who spearheaded an exploration campaign during the downturn in the coal market, said "people thought he was crazy"at the time, however "the waning interest in the coal sector generally created a spectacular opportunity". To read the full article, follow the link below: The Australian Mining Review
  • VITRINITE SIGNS INVESTMENT AGREEMENT WITH ITOCHU
    Vitrinite is pleased to announce that it has signed a binding investment agreement to join forces with ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Masahiro Okafuji, President & CEO; hereinafter “ITOCHU”) for the rapid advancement of the company’s flagship Karin deposit (the Karin Project). As part of the investment terms with ITOCHU, Vitrinite has agreed to grant ITOCHU exclusive global marketing rights for the coal product from Karin Project. Mr Nick Williams, founder and managing director of Vitrinite said "after carefully considering a number of options to join forces with a number of high quality global strategic partners, the decision to join forces with ITOCHU is a decision that is based on a number of significant factors, such as, a shared vision for the future and a genuine alignment of cultural values.  The investment agreement is also a very strong validation of the quality of the coal to be produced and value-add to this asset". Click below for full announcement: Vitrinite Signs Investment Agreement With ITOCHU