Magnetic South Pty Ltd

What Magnetic South Pty Ltd does

Magnetic South Pty Ltd is a private Australian metallurgical coal developer founded in 2006 and headquartered at 102 Adelaide Street, Brisbane City, Queensland. The company is building a portfolio of four open-cut coal projects in the Bowen Basin of Central Queensland — the Gemini Project (lead asset, up to 1.9 MTPA ROM averaging 1.8 MTPA over a 25-year life), the Walton Project (low volatile PCI coal, 1.6 Mtpa over ~8 years, 21Mt JORC resource), the Washpool Project (coking coal, 2.9 Mtpa over 20 years, 108Mt JORC resource), and the Capricorn Project (exploration stage, Rangal coal measures). Core technology comprises conventional truck-and-shovel open-cut mining combined with on-site Coal Handling and Preparation Plant washing and beneficiation, an integrated water management system drawing supply via pipeline from the nearby Jellinbah Coal Mine, and a continuous environmental monitoring program reporting to government regulators. The Gemini Project has secured a Mining Lease, Environmental Authority, and Rehabilitation Bond, and early clearing of Area A has commenced.

The company's go-to-market is a direct B2B commodity sales motion targeting iron and steel manufacturers globally, with planned distribution via the Blackwater Rail system to Gladstone's RG Tanna Coal Terminal and Wiggins Island Coal Export Terminal for export. Revenue is intended to come from metallurgical coal (coking coal and PCI coal) sold under long-term supply contracts at market-indexed pricing. There are no named customer logos, no disclosed offtake agreements, and no disclosed pricing terms in the public material. The company emphasizes long-term supply reliability given that there is no viable green alternative to metallurgical coal for steel production.

Magnetic South currently operates with a 7-person corporate team and is in the pre-construction phase. Once the Gemini Project is fully operational, the company plans a workforce of approximately 200 full-time roles (plant operators, truck drivers, electricians, maintenance) and projects an annual regional economic injection of $60 million into Central Queensland via local employment and procurement. The business has no disclosed equity funding rounds, no institutional investors identified, and no parent company; ownership structure is described only as founder/management-held. Strategic positioning includes the QMEA 2024 educational partnership for STEM workforce pipeline development, structured community engagement programs, and a Community Benefit Fund targeting the Dingo, Duaringa and Bluff communities.

Name

Magnetic South Pty Ltd

Legal name

Magnetic South Pty Ltd

Website

https://magnetic-south.com.au

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

1–10 employees

Short description

Magnetic South Pty Ltd is a private Australian mining developer building a portfolio of metallurgical coal projects (Gemini, Walton, Washpool, Capricorn) in Central Queensland's Bowen Basin to supply coking coal and PCI coal to global iron and steel manufacturers via Gladstone port.

Ownership category

akta.pro rank

Product category

Metallurgical Coal Mining

NAICS

Surface Coal Mining (212114)

SIC

Bituminous Coal & Lignite Mining (1220), Bituminous Coal & Lignite Surface Mining (1221)

akta.pro primary industry

Metallurgical Coal Mining (Coking/PCI Coal) (IMAKAIAB)

akta.pro secondary industries

Coal Extraction Operations (Surface & Underground) (IMAKAIAG), Coal Preparation & Beneficiation (Washing, Crushing, Screening) (IMAKAIAH), Coal Exploration & Resource Development (IMAKAIAE)

Keywords

• Metallurgical coal mining
• Coking coal production
• PCI coal export
• Open-cut mining
• Bowen Basin coal

Headquarters

HQ city

Brisbane City

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Others

Revenue model

1. Metallurgical Coal Sales: Revenue generated from mining and selling metallurgical (coking) coal and PCI (Pulverized Coal Injection) coal to iron and steel manufacturers. Coal is transported via rail to Gladstone port for export.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Magnetic South develops and operates open-cut metallurgical coal mining projects in Queensland's Bowen Basin, producing coking coal and low volatile PCI coal for the global iron and steel industry. The company is currently advancing four projects — Gemini, Walton, Washpool and Capricorn — using truck-and-shovel mining methods with an on-site Coal Handling and Preparation Plant (CHPP) for washing and beneficiation, exporting coal via the Blackwater Rail system to Gladstone port terminals.

Product overview

Magnetic South is a private Australian-based mining company operating multiple metallurgical coal projects in Central Queensland's Bowen Basin. The portfolio comprises four distinct projects: the Gemini Project (metallurgical coal, 1.8 MTPA operational capacity), the Walton Project (low volatile PCI coal, 1.6Mtpa), the Washpool Project (coking coal, 2.9Mtpa), and the Capricorn Project (exploration phase, Rangal coal measures). The company exports metallurgical coal to the iron and steel industry, with coal transported via rail to the RG Tanna Coal Terminal and Wiggins Island Coal Export Terminal in Gladstone.

Differentiator

Problem solved

Functional benefit

Products and services

• Gemini Project Metallurgical coal mine located about 6km west of Dingo township in Central Queensland, with a 25-year project lifespan producing up to 1.9 million run-of-mine (ROM) tonnes per annum averaging 1.8 MTPA over 20 years. Targeted at iron and steel manufacturers requiring coking coal.
• Walton Project

Quantifiable outcome

• $60 million annual economic injection into Central Queensland region
• +2 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Queensland Minerals and Energy Academy (QMEA)coreStrategic or Co-development Partner · 1 January 2024Educational partnership delivering the Magnetic South Highway Schools Program in 2024, providing STEM workshops for students at Dingo, Duaringa and Bluff State Schools to build future talent pipeline and community engagement.
• IMA (Institute of Modern Art - Queensland)minorStrategic or Co-development PartnerCommunity partnership engaging students about Indigenous History and hands-on Art projects in collaboration with Magnetic South's educational programs.
• IAIM (Indigenous Australians in Mining)minorStrategic or Co-development PartnerIndigenous engagement program partnering with students on Indigenous History education and hands-on Art projects as part of community outreach.

Scale indicators12 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Coronado Global Resources: Listed pure-play metallurgical coal producer with major operations in the Bowen Basin (Curragh) and the United States. Closely comparable to Magnetic South on commodity focus (metallurgical coal), geography (Bowen Basin) and customer base (global steelmakers).
• Jellinbah Group: Privately owned Bowen Basin metallurgical coal producer operating the Jellinbah East and Lake Lindsay mines. Directly comparable as a private Bowen Basin PCI/coking coal producer and the source of the water supply pipeline serving Magnetic South's Walton Project.
• Whitehaven Coal: Australia's largest independent coal producer with metallurgical and thermal coal exposure across NSW and Queensland. Comparable as a publicly listed Bowen Basin/surrounds met coal developer and producer selling into the global steel value chain.
• Bowen Coking Coal (Solstice Minerals): Junior ASX-listed metallurgical coal developer with the Bluff PCI project and other Bowen Basin assets. Highly comparable to Magnetic South as a small-cap Bowen Basin coking/PCI coal developer targeting global steel markets.
• Pembroke Resources: Private developer of the Olive Downs metallurgical coal complex in the Bowen Basin. Closely comparable as a privately held, single-commodity met coal developer in the same basin targeting global steelmaker offtake.
• Stanmore Resources: ASX-listed metallurgical coal producer with the Isaac Plains and South Walker mines in the Bowen Basin. Directly comparable on commodity (met/PCI coal), basin location and export-via-Gladstone logistics model.

Broad incumbents

• Yancoal Australia: One of Australia's largest coal producers, majority-owned by Yanzhou Coal, with significant metallurgical coal output from the Bowen Basin. Comparable as a major incumbent in the same commodity and basin, though diversified across thermal and met coal.
• BHP Mitsubishi Alliance (BMA): Operates multiple Bowen Basin metallurgical coal mines including Blackwater and Daunia. Comparable as the dominant incumbent producing met coal from the same basin and using overlapping rail (Blackwater system) and Gladstone port infrastructure that Magnetic South will rely on.
• New Hope Corporation: ASX-listed Queensland coal producer with thermal and metallurgical exposure and Bengalla in NSW. Relevant as an established Australian coal producer with rail/port infrastructure know-how analogous to what Magnetic South is building toward.

Emerging players

• Cokal: ASX-listed junior with metallurgical and PCI coal projects in the Bowen Basin (Brumby, Blacksmith, Eclipse). Comparable as an early-stage Bowen Basin met/PCI coal developer competing for similar offtake and infrastructure capacity.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/magnetic-south-pty-ltd

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Magnetic South Pty Ltd