Australian metallurgical coal producer Cockatoo Coal Limited announced that mining lease 80201 for it Baralaba North mine has been granted by the Queensland Government.
According to the company, the mining lease covers an area of 1,446 hectares and has been granted for a 25 year term.
“Mining lease 80201 approval extends the life of the Baralaba North mine (and in conjunction with the Company’s Environmental Authority EPML00223213 approved on 1 February 2016) and will allow Cockatoo to produce coal at the Baralaba North mine at a rate of up to 4.1 million tonnes per annum (Mtpa) of run-of-mine (ROM) coal (approximately 3.5mtpa of sealable coal),” the company told the ASX.
According to Cockatoo, an updated reserve estimate over ML 80169, ML 80170 and ML 80201 will be completed in conjunction with the development of new mine plans for the re-start of the Baralaba North mine and announced accordingly.
The Baralaba Coal Mine, which is located 5km north of the township of Baralaba, is an open-cut, truck and shovel mining operation which produces PCI (Pulverised Coal Injection) and thermal coal products for international customers.