Anglo completes sale of Drayton coal mine
JOHANNESBURG (miningweekly.com) – Global miner Anglo American has completed the sale of its 88.17% interest in the Drayton thermal coal mine and Drayton South project to unlisted Malabar Coal.
The assets are located in the Hunter Valley of New South Wales, Australia, and have been sold to Malabar for an undisclosed amount, Anglo American said on Monday.
The Drayton South project has been the subject of a heated battled between Anglo American and horse stud owners. The miner ceased operations at Drayton in 2016, after the New South Wales Planning and Assessment Commission rejected the expansion project over fears that it will impact negatively on nearby horse stud farms.
In December, the New South Wales government announced that it would ban opencut mining in the Hunter Valley, but that it would allow underground mining at Drayton South.
New owner Malabar said that its plans for Drayton South, which is now known as Project Maxwell, were vastly different than previous proposals.
“An underground approach will make a dramatic difference in terms of impacts associated with dust, light, blasting, and noise. It will also mean the mine cannot be seen or heard from the local horse studs, which will be at least 5 km away from the mine entry, and 15 km away from the existing coal processing and rail infrastructure,” Malabar Coal chairperson Wayne Seabrook said on December 1.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation