PERTH (miningweekly.com) – The Queensland government has completed the transfer of the Blair Athol mining lease to ASX-listed TerraCom subsidiary Orion Mining.
“The completion of transfer of the Blair Athol mining lease is not only great news for TerraCom, but is great news for the community of Claremont and the state of Queensland, with up to A$80-million in taxes and royalties to flow from the reopened mine operation and with the restart of rehabilitation activities,” said Orion chairperson Jim Soorley.
TerraCom will start over 50 ha of site rehabilitation while bringing the mine back into production, with the project expected to deliver some two-million tonnes a year of coal over the first seven years of operation, generating an estimated A$1.2-billion in export revenue.
The company expects to assume control of the mine site in May, and will restart mining and rehabilitation activities in June, generating more than 600 direct and indirect jobs.