Xstrata Coal today announced that it has secured Xstrata PLC Board approval to proceed with the AUD1.1 billion development of the Mangoola Coal open cut coal mine near Muswellbrook. Xstrata Coal acquired the Mangoola project from Centennial Coal (then known as Anvil Hill) in October 2007.
The construction of the mine will create around 400 new jobs, with an expected 300 employees required for [...]
Xstrata Coal has continued its buying spree with the purchase of Anvil Hill and Austral Coal from Centennial Coal. Helios Australia (a subsidiary of Xstrata Coal) has paid $1.86 per Austral share. This means that Centennial will receive A$479 million from XStrata Coal.
Previously, Centennial Coal completed the sale of its Anvil Hill development to XStrata [...]
The NSW government has announced the approval of the controversial Moorlarben mine near Mudgee NSW.
The Greens were challenging the mine, stating that the mine will increase greenhouse gas emissions by 5.3 per cent a year and use 6.9 megalitres of water each day.
However, NSW Planning Minister Frank Sartor said “It’s just not tenable to refuse a [...]