The Tahmoor coking coal mine, located around 75km southwest of Sydney, has been officially opened by representatives of owner GFG Alliance, including chief executive officer Sanjeev Gupta.
The 2 million tonnes a year (2Mt/y) mine, which employs over 300 people, was previously owned by Glencore, who launched a sale process for the mine in May 2017. British business group GFG Alliance’s mining division SIMEC agreed to purchase the mine at the start of the year.
The launch of the mine saw Gupta, along with SIMEC Mining chief operating officer Matt Reed and Tahmoor coking coal operations general manager Peter Vale attend the opening ceremony.
The mine is an important step in SIMEC’s Australian expansion, following on from the company’s acquisition of Arrium’s Whyalla steelworks (for which Tahmoor will remain an important supplier) and iron ore mines in South Australia in September last year.
Speaking to news reporters on Saturday, where he met local mine workers and their families, Gupta explained that “despite ups and downs in the market, this mine has always managed to stand its own, and now, especially with our plans, it has a secure future.”