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

Investigation urged to see if council's $18m for Adani airstrip followed due process

On January 10, 2018

The Local Government Department is asked to investigate a north Queensland council's decision to fund a private airstrip in the Galilee Basin for Adani fly-in, fly-out workers.Read more

A truck loads material from an active Australian basalt quarry

On January 10, 2018

Read more

Yes, the earth did move near Ballarat but it was a quarry blast

On January 10, 2018

Geoscience Australia confirms a suspected earthquake detected near Ballarat was in fact a routine blast at a basalt quarry.Read more

Commodity boom forecast to peak then plateau as prices slide

On January 8, 2018

Earnings from Australia's resources and energy exports are expected to hit a record high in the current financial year, before lower commodity prices begin to bite.Read more

'It's industrial madness,' says union as coal terminal locks out workers

On January 8, 2018

The Port Kembla Coal Terminal, south of Wollongong, locks out about 60 of its workers as part of an intensifying dispute about its future.Read more

Indefinite moratorium imposed at troubled Bougainville mine

On January 8, 2018

The Bougainville Government imposes an indefinite moratorium on mining at the troubled Panguna site — once the world's biggest open-cut copper mine.Read more

Mining at Panguna put on hold indefinitely

On January 7, 2018

Mining at Bougainville's troubled Panguna copper mine - one of the world's biggest - is being put on hold indefinitely.Read more

Adani's $1b loan bid likely to fail before Palaszczuk intervention

On January 4, 2018

Adani's bid for a $1 billion taxpayer-funded loan may have been doomed even before it was scuppered by Queensland's Palaszczuk Government, with the Productivity Commission saying it may have failed key criteria for funding.Read more

ASX in 2018: Running with the bulls or fleeing from the bears?

On January 1, 2018

After a pretty ordinary first nine months, the ASX enjoyed a mini-rally to finish 2017, but can the momentum be sustained in the face of a very patchy economy?Read more

NSW Government approves plan to reopen Broken Hill mine

On December 29, 2017

A silver, lead and zinc mine that has been dormant for almost a decade in far-west NSW is given the green light to reopen by the State Government.Read more

LATEST ANNOUNCEMENTS

  • "Coal is Back" - Vitrinite in the Australian Financial Review
    We were very excited to be featured in an Australian Financial Review article this week supporting our opinion that coal is back. The article titled, "'People thought we were crazy': coal is back as explorers get lucky in the Bowen Basin." is a snapshot of the coal industry in Australia at present pointing to a number of positives, including the work done by Vitrinite over the last six months.

    Coal is back!

    "There is a general buzz in our industry," Mr Williams said in an interview with The Australian Financial Review. "People would like to see the price steady and be a bit more consistent for more investors pour in. But the general consensus is we have hit bottom and things are looking up."(M.Ludlow - AFR.com). This is certainly exciting time for Vitrinite and we look forward to more good news to come. To read the full article, follow the link below:

    Australian Financial Review Article
  • Karin Basin Maiden JORC Code Resource
    Vitrinite Pty Ltd is pleased to announce that an initial JORC2012 Inferred Resource of 123Mt has been confirmed within the company’s Karin Basin Asset, and a revised exploration target of 340 to 800Mt. The exploration drilling undertaken to achieve this result covers only a tiny fraction of the tenement area. The exploration program has identified significant seams with thicknesses up to 5 metres (16.25 ft) with some areas showing structurally stacked accumulations of coal up to 16 metres (52 ft). The coal quality, with fluidity reaching higher than 30,000, makes it the highest fluidity coking coal in Australia, and among the highest in the world. Click below for full announcement: Maiden JORC Code Inferred Resource on Vitrinite's Karin Basin