PERTH (miningweekly.com) – The Department of Climate Change, Energy, the Environment and Water has formally approved ASX-listed Bowen Coking Coal’s Isaac River mine, in Queensland.
The company on Thursday said it was now finalising the mining lease approval process with landholders and the Queensland government and was anticipating construction start in 2024.
“After a lengthy process, this is a significant milestone for Bowen Coking Coal and the Isaac River project. It will enable the company to continue to deliver much needed metallurgical coal to growing market demand and will aid Bowen in achieving our vision of an annualised run-of-mine production target of five-million tonnes by 2024,” said CEO Mark Ruston.
Once operational, the Isaac River coal mine will produce high quality, high yielding metallurgical coal. Bowen previously completed studies for the project which indicated a production target of between 0.4-million tonnes and 0.6-million tonnes a year over a four-to-five-year period.
The project is expected to create 200 jobs in steady-state mining.