The final hurdle for the expansion of a Bowen Basin coal mine has been cleared with the Queensland Government granting a mining lease.
The lease paves the way for Anglo American to expand its Lake Lindsay steel-making coal mine operation near Middlemount.
It will extend the life of the mine and secure the long-term future of 500 good jobs.
When fully operational the expanded mine will produce 5.6 million tonnes of steel-making coal.
Queensland Resources Minister Scott Stewart said the granting of this mining lease shows Queensland’s resources industry continues to go from strength to strength.
“It shows there is confidence from major mining companies that are investing in the future of Queensland’s resources industry into the future,” he said.
“Steel-making coal is one of our state’s biggest export earners, worth nearly $60 billion in the 12 months to May this year.
“We need steel for construction, domestic appliances, automotive and mechanical equipment, and also for turbines to generate renewable energy on wind farms.
“I want to congratulate Anglo American for their continued investment in their operations in the Bowen Basin because it means hundreds of good jobs and a boost to the local economy for years to come.”
Anglo American Australia CEO Dan van der Westhuizen emphasised the importance of steelmaking coal for the economy and every day life.
“Capcoal Open Cut is a significant contributor in our Steelmaking Coal portfolio and we’re pleased this extension to our mining tenure has been granted, allowing for continuation of the mine and maintaining the employment for the existing workforce at Capcoal.
“Steelmaking coal is a critical element of steel, which is used in every aspect of modern life.”
Images supplied: Anglo American
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