Cockatoo Coal Limited has been granted two mining leases for the development of the company’s Baralaba expansion project in the Bowen Basin, Queensland. Under mining leases 80169 and 80179, Cockatoo Coal has approval to initially mine at rates of up to 1 million tpa for a period of 30 years.
According to a company statement, the grant of these leases represents a “key milestone achievement” for the company as it allows development of the Baralaba project to continue. The project is located north of the existing Baralaba mine. When complete, the company expects the mine to produce 3.5 million tpa of saleable production over a period of 20 years. The initial capital expendure is expected to total AUD 311 million.
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