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

BHP settles ATO dispute for $529m, without admitting fault

On November 19, 2018

BHP settles a longstanding tax dispute with the ATO for $529 million, for taxes alleged to be owing between 2003-18.Read more

The town so young and transient, its cemetery is empty

On November 18, 2018

Nestled on hot red sand 563 kilometres from Adelaide, Roxby Downs officially opened in November 1988 to service BHP's Olympic Dam mine. There are currently 300 jobs available in the town, and plans are being made for the next 100 years.Read more

WA miners search for workers, but this time without 'mercenary-type salaries'

On November 14, 2018

Recruitment specialists say mining companies, desperate for workers in remote areas, are again turning to FIFO workers from the eastern states, but are unlikely to pay the sky-high wages seen in the last big boom.Read more

Nyrstar confirm job cuts at Port Pirie smelter

On November 14, 2018

Nyrstar will cut 120 jobs from its Port Pirie lead smelter next year, as concerns grow about the Belgian company's finances and ability to repay a nearly $300 million SA Government loan.Read more

Super Pit view from the ground

On November 13, 2018

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Renewables overtake fossil fuels in new power generation: IEA

On November 13, 2018

Renewable energy has surpassed fossil fuels worldwide as the main source of new electricity generation, while demand for coal is likely to slump if nations meet their emissions reduction targets, according to the International Energy Agency.Read more

Moura Memorial wreath.jpg

On November 10, 2018

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Moura Memorial sign.jpg

On November 10, 2018

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Moura Memorial front on view.jpg

On November 10, 2018

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Moura Memorial Maurice McPherson.jpg

On November 10, 2018

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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