The NSW Planning and Assessment Commission (PAC) has approved Yancoal’s Stratford coal mine extension application.
This is welcome news for the miner, following its posting of a full year $353.5 million loss earlier this year.
The proposed extension will add another 21.5 million tonnes to the site’s ROM coal over 11 years, at a rate of 2.6 million tonnes annually.
The extension itself involves three mining areas, with coal processed on site using existing facilities, and has the potential to create around 250 new jobs in the local area.
The announcement is a win for the operation, which has seen opposition over parts of its expansion, and was initially rejected by the local Gloucester Council over the 24 hour operation of the site and the moving of the pit closer to the Stratford village.
Following this hurdle the miner resubmitted its plans, which faced public scrutiny early last year.
In its support documents the NSW PAC said “the commission supports the project, as it allows for the rational and efficient extraction of a coal resource within an existing mine, and ensures the continuation of its strong association with the nearby Duralie mine”.
Despite overcoming this hurdle, the extension project still has to secure approvals under the Environment Protection and Biodiversity Act.