Glencore has announced plans to restart mining at the Integra underground coal mine in the NSW Hunter Valley for two years, creating up to 275 new jobs.
This comes on the back of rising coal prices, boosted by China’s decision to reduce coal mine production from 330 days a year to 276.
The company acquired the underground mine from Vale last year while Bloomfield Group separately acquired the open cut mine, wash plant, and rail loop.
Integra has been in care and maintenance since 2014 with 550 people losing their jobs as a result of the closure.
Ian Cribb, head of Glencore’s Australian coal operations, said, “The Integra mine has one longwall block already formed, providing an opportunity to begin mining with minimal delays or additional investment.”
“Over the next two years, we also plan to complete and extract coal from a second longwall block that has already been partially developed at the mine.”
Glencore expects to produce 1.3 million tonnes of high fluidity saleable coking coal at the site in 2017, but due to a number of their coal mines having closed or reached the end of their scheduled mine life, such as the Black Star zinc mine and the Newlands coal mine, production at Integra is not expected to increase their overall coal sales from Australia.
Operations are planned for restart early next year.