Coal miner Peabody Energy will extend mining operations at its North Goonyella mine until 2026.
The company will use advanced longwall technology to extend the life of the mine for a further 7 years, providing job security for more than 230 mine employees.
Qld Mines Minister Dr Anthony Lynham said the announcement was a further proof of confidence in Queensland as a resources investment target.
“This is welcome security for the mine workforce, local businesses who supply the mine, their families, and their communities,” Dr Lynham said.
“I note that Peabody says their new longwall also enables future opportunities for mine extension post-2026.”
“I congratulate Peabody and its employees on their future.”
Located in the Bowen Basin at Moranbah in Central Queensland, North Goonyella produces coking coal that is exported to Peabody’s long-term steal-making customers in India.
Last year the mine snipped a total of 2.9 million tons of coals, delivering direct and indirect economic benefits of about $730 million.