Miners dump NRW as manager of Middlemount mine

Middlemount Image: Yancoal

Mining giants Peabody and Yancoal have reached a joint venture agreement to take control of Middlemount mine away from service contractor NRW.

In a statement released today, the companies stated that because both were coal mine operators it was a ‘logical step for Middlemount Coal to become the operator of the Middlemount mine.’

As part of the arrangement NRW will provide ongoing maintenance services for the fleet.

The statement goes on to say that ‘all current NRW wages personnel employed to work at the Middlemount Mine will be transferred to Middlemount Coal and NRW staff will be invited to apply roles with Middlemount Coal.”

The transition period is expected to completed by mid-2013.

Under the terms of the previous mining services contract the completion date was June 2016. As part of the new arrangements this has now been extended to 2017.

Peabody and Yancoal are the second company in as many days to push out mining service contractors from their mining operations.

Xstrata announced yesterday they will take control of Collinsville Coal Mine away from Thiess as it pushes for the project to turn a profit.

Xstrata owns Collinsville mine, but has left its management to Thiess.

By taking over the mine, Xstrata said it hoped to "restore the mine's viability".

A spokesman for Xstrata told Australian Mining the company was not in a position to ‘talk in detail’ about any changes at the mine, or whether job losses would occur, but did say that after a transition period was completed in 5 to 6 months, operational changes would be made clearer.

Image: yancoal.com

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