Download Malabar's inaugural Sustainability Report 2020.
Malabar has a unique approach to developing our resources projects and recognises the world’s need to transition to a low carbon economy. This approach is expressed through, employing less intrusive underground mining methods, focusing on metallurgical coal, developing large scale renewable resources, and rehabilitating previously mined areas for sustainable activities including renewables and agriculture.
Malabar believes transparency builds trust with our stakeholders and achieves better environmental, social, and economic outcomes.
Climate Change Statement
We acknowledge the production and consumption of coal in both the steel making and electricity generation contributes to CO2 emissions. We also acknowledge that a central challenge is how to integrate international emissions reduction efforts with the aim of supporting the legitimate economic and social development aspirations of people, communities, and countries. This is a challenge faced by all governments and all industrial sectors including mining, electricity generation, transport, and agriculture. Malabar acknowledges that action needs to be taken to reduce CO2 emissions globally and supports the objectives of the Paris Agreement to limit global warming well below the 2 degrees goal.
Sustainability and Mining Methods
At Malabar, we know that we must co-exist with the local community and other local industries. We value community feedback and have incorporated this into the design of our projects, specially:
- The Maxwell Underground Project will be an underground operation, designed to limit, amongst other matters, noise, dust, and visual impacts.
- We have carefully placed the mine entry for the Maxwell Underground Project in a valley c.5km north of the Golden Highway behind ridge lines. This means it cannot be seen from the Highway or the local horse studs.
- Access to the Maxwell Underground Project will be via Thomas Mitchel Drive, reducing any impact on the local rural and tourist road networks.
- We will use existing Maxwell Infrastructure for coal processing and train loading. There will be no significant changes in noise or air quality impacts for our neighbours north of Thomas Mitchell Drive.
We voluntarily relinquished the exploration licence beneath and south of the Golden Highway.
Sustainability and Renewables
The development of new renewable energy projects, such as the Maxwell Solar Farm, are required to replace the NSW’s existing electricity generation portfolio. Our view is the transition to a low carbon economy needs to occur in a planned manner where existing generation hubs, such as the Upper Hunter Valley, are supplemented with renewable energy without impacting the stability of the grid. The Maxwell Solar Farm is well suited to provide green electrical generation in the Hunter region to partly replace the existing coal fired generation as it is retired.
Given the recent announcement of the NSW Government of a REZ in the Upper Hunter Valley, Malabar will assess increasing its renewable generation, and complementing this with energy storage solutions.