Project Owner: Moolarben Coal Mines – YanCoal
Stage: Committed What does this mean?
Jobs: 120 new jobs. Check this link for available rolesApproval of Moolarben’s Stage Two project will extend the life of Yancoal Australia’s operations in the Mid-Western Region and potentially create up to 120 new full-time jobs, Yancoal Australia CEO Reinhold Schmidt said this week.
The New South Wales Planning and Assessment Commission (NSWPAC) has approved the application, allowing Moolarben to expand its mining operation to the east of the existing mining, with two new underground mines and a new open cut mining pit.
Moolarben’s Stage Two could produce up to 16 million tonnes a year of Run of Mine (ROM) coal for a period of 24 years.
Moolarben Coal employs more than 300 full-time employees and produced 6.4 million tonnes of saleable coal in 2014, up 1 per cent on the previous year.
Mid-Western Regional Council Mayor Des Kennedy said construction of Stage Two will stimulate additional regional production and consumption of $260 million, providing a total benefit to the region of $584 million and directly employing up to 220 construction workers.
In approving the Stage Two project, NSWPAC noted that the “project has significant economic benefits, both in terms of regional employment and royalties to the State of NSW”.