- Write by:
-
Thursday, February 10, 2022 - 12:47:56
-
579 Visit
-
Print
Mining News Pro - Anglo American, which divested its thermal coal mines last year after pressure from investors, has achieved its first longwall shear at its Aquila metallurgical coal mine near Central Queensland, Australia.
The milestone marks the project’s final stages of construction and commissioning, on schedule and within the budgeted $226 million, the company said.
The new mine extends the life of Anglo’s existing Capcoal underground operations by seven years, after the company’s nearby Grasstree mine reached its end of life in recent weeks.
Aquila, a 70-30 joint venture between Anglo American and Mitsui & Co., will have a total average yearly saleable production of around five million tonnes of premium quality hard coking coal.
“The mine will use our existing infrastructure at our Capcoal complex and support around 600 ongoing operational roles for our Queensland-based workforce, including providing continuity of employment for our Grasstree workforce,” Anglo’s metallurgical coal boss, Tyler Mitchelson, said in the statement.
Anglo American spun out its South African thermal coal operations and sold its stake in a Colombian mine to Glencore last year after shareholder calls to ditch the polluting fossil fuel to meet emissions targets.
Unlike its peers, the miner decided to hold on to its metallurgical coal assets, a key commodity in the making of steel.
Last year, Anglo American churned out 14.9 million tonnes of met coal, just shy of its 15 million tonnes target, thanks mostly to increased production at its lower grade Dawson mine. The move offset lower production at the high-grade Moranbah and the delayed restart of Grosvenor, which was shut following a gas ignition in May 2020.
Anglo American currently is the world’s third largest exporter of metallurgical coal.
Short Link:
https://www.miningnews.ir/En/News/620614
China issued draft rules on Wednesday to regulate its lithium battery market, after rapid expansion in the sector hit ...
Newmont Corp. has no plans to expedite a decision on its $2.5 billion Yanacocha Sulfides project, dashing the Peruvian ...
A Brazilian federal court rejected a request made by the country’s solicitor general’s office asking that miners Vale, ...
Imports of iron ore by China, the world’s biggest buyer, in 2024 are expected to be around 1.17 to 1.18 billion metric ...
China’s central bank added 60,000 troy ounces of gold to its reserves in April, official data showed on Tuesday, ...
BHP’s plan to divest the South African assets of its target Anglo American are key to the strategy behind the proposed ...
First Quantum Minerals said on Monday it is looking forward to talks with Panama’s new government to find a resolution ...
BHP has put South Africa and its mining sector on the spot. The $140 billion Australian group’s ambitious swoop on rival ...
Anglo American CEO Duncan Wanblad is meeting on Friday South African mines minister Gwede Mantashe for the first time ...
No comments have been posted yet ...