Yancoal receives approval for Moolarben expansion
PERTH (miningweekly.com) – The New South Wales Planning Assessment Commission (PAC) has approved ASX-listed Yancoal’s development of the Stage 2 expansion of its Moolarben mine.
The current Moolarben mine has been approved to extract up to 12-million tonnes a year run-of-mine (RoM) coal from three opencut and one underground mine.
The permitted extraction currently comprised eight-million tonnes from the opencut operations, while a further four-million tonnes a year could be sourced from the yet-to-be commissioned underground mine.
The current operation can also process some ten-million tonnes of RoM coal a year.
The Stage 2 development was expected to expand the mining operation further east, and would develop two additional underground mines and one opencut operation. An additional 16-million tonnes of RoM coal a year would be extracted, for a period of 24 years.
Yancoal pointed out on Tuesday that the project would also create up to 120 full time jobs.
Yancoal Australia CEO Reinhold Schmidt said that the approval would provide greater certainty not only for the company, but also the community surrounding the Moolarben mine and the contractors employed at the operation.
“The Stage 2 project will provide new opportunities for investment and employment within the region and demonstrates Yancoal Australia’s long-term commitments to the Australian resources sector during a period of significant economic challenge.”
In its assessment, the PAC said that the project would have significant economic benefit, both in terms of regional employment and royalties to the state of New South Wales.
However, the PAC pointed out that the Stage 2 development would have some adverse impacts on the local community living in the vicinity of the mine site, and had imposed conditions on Yancoal to limit noise and air quality impacts, and provided acquisition and mitigation rights in accordance with government policy.
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