Dysart project to continue

Indonesian coal miner banks on a Bowen Basin recovery

Indonesian miner Ithaca Resources has reached a deal with the administrators of Brisbane-based Vitrinite to purchase the Vulcan South coal project and some other assets for a reported $200 million.

Vulcan is a small-scale open-cut project near Dysart with a production target of just under 2 million tonnes of coking coal a year and a three-year life.

Vitri…