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Speaker 1: More coal on the way for Hanley Powers Station, but

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Speaker 1: not of the Indonesian variety. Genesis Energy is locked in

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Speaker 1: a deal to purchase two hundred and forty thousand tons

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Speaker 1: of local coal to keep the lights on there. The

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Speaker 1: move designed to show up energy security, cutting reliance on

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Speaker 1: overseas imports of Richard take On is the BT Mining

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Speaker 1: CEO with us and on the phone, Richard, good evening, okaday,

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Speaker 1: Ryan there, Nice to have you with me. First of all,

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Speaker 1: this deal, how significant is it?

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Speaker 2: Oh, this is fantastic. We've got Hartley coal going into

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Speaker 2: the Hartley Power Station. It's been probably a decade since

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Speaker 2: there's been a like a long term supply like this.

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Speaker 2: So we've got one hundred and twenty thousand tons a

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Speaker 2: year for the next two years. That'll displace about half

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Speaker 2: of what they're importing now on a normal year. Obviously,

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Speaker 2: you know in certain years of US dry than I

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Speaker 2: need more. But yeah, it's significant for us and the

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Speaker 2: significant for the Hartley district.

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Speaker 1: How why did we need to go to Indonesia in

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Speaker 1: the first place.

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Speaker 2: Look, it's got to do with the downsizing the mines

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Speaker 2: over the last couple of decades, and you know the

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Speaker 2: coal then really ended up in the making steel New

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Speaker 2: Zealand Steel Plant public Glenbrook. There was no excess coal

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Speaker 2: and also you know, for the for Genesis, they didn't

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Speaker 2: really know how much coal they were going to burn,

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Speaker 2: so it's hard for them to enter into a long

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Speaker 2: term supply contract that US as a producer needs, whereas

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Speaker 2: they can go and get coal from Indonesia and a

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Speaker 2: boat load, you know, with a with a manch Notice.

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Speaker 1: So where are you getting this coal from?

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Speaker 2: This is coming from the road to Warra Mine just

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Speaker 2: in Huntley itself, just out of Huntley. So it's Look,

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Speaker 2: it's part of a long term infrastructure that was set

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Speaker 2: up as part of the power station. Originally there's an

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Speaker 2: internal hall road. It then goes onto a conveyor which

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Speaker 2: feeds directly into the power station.

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Speaker 1: And what were you going to do with this coal

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Speaker 1: had it not gone to Huntley?

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Speaker 2: Do you know what?

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Speaker 1: You know what I mean?

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Speaker 2: Yep, yep, No, Look at it would eventually sold to

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Speaker 2: New Zealand Steel. You know, if that plant continues using

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Speaker 2: coal in the same way they have. But you know

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Speaker 2: there's a lot of coal left in the Huntley area.

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Speaker 2: We've got a plan for an extension that's actually listed

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Speaker 2: in fast Track and we wint a customer for that coal.

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Speaker 2: So we see this as being a really good supply

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Speaker 2: for the next two years, but also it may lead

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Speaker 2: to other coal supply being able to be brought on.

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Speaker 1: And is the with the fast track situation, is there

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Speaker 1: any indication of for you guys know whether you are

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Speaker 1: approved where you're along with that process. We're hearing a

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Speaker 1: lot about sort of delays ironically on the fast Track.

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Speaker 2: Look, we haven't got an application and yet we've got

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Speaker 2: two projects listed. We've got the Dennison Buller project down

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Speaker 2: on the West coast and we've got the Rhodawara Extension

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Speaker 2: project up in the Hutley area. So we're working on

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Speaker 2: applications for both of those that we haven't presented them

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Speaker 2: to the EPA yet.

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Speaker 1: All right, fair enough about the two year contract term

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Speaker 1: for this Hunting power station, Is there not much more

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Speaker 1: than that to go around or what's with the term?

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Speaker 2: No, it really just takes us through. That's some exous

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Speaker 2: coal that we believe, well, we know we've got in

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Speaker 2: this block we're mining now. There may be a little

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Speaker 2: bit more to go past that, but we wanted to

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Speaker 2: be able to be sure we can supply it, so

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Speaker 2: that's why we've both parties are very happy with a

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Speaker 2: two year deal.

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Speaker 1: All right, interesting stuff, Richard, appreciate your time, Thanks so

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Speaker 1: much for it. To take on the taken, I should say,

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Speaker 1: who's the BT Mining chief executive of it?

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Speaker 2: For more from Heather Duplessy Allen Drive. Listen live to

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Speaker 2: news talks.

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Speaker 1: It'd be from four pm weekdays, or follow the podcast

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Speaker 1: on iHeartRadio