TerraCom now owns Queensland Blair Athol coking coal mine - iMINCO Mining Training Information

TerraCom now owns Blair Athol coal mine

Coking coal mine mine bought for $1

Coking coal, blair athol queensland

Blair Athol 600 Queensland mining jobs created by Orion Mining

At Blair Athol, 600 Queensland mining jobs are to be created as new owners get ready to fill overseas coking coal orders.

TerraCom subsidiary Orion Mining is officially the owner of the Blair Athol coal mine after the Queensland Government transferred the mining lease for the operation.

Orion expects to take control of the site, which was acquired for $1, this month. It will launch mining and rehabilitation activities next month, with more than 600 Queensland mine jobs to be created.

The mine will ramp up to its predicted 2Mtpa mining rate “very quickly,” according to TerraCom. Already,  customers in North Asia are showing interest for the mine’s coking coal.

Mining jobs research

Looking for a mining job at Blair Athol?

Here’s where you start.

  1. Research Blair Athol coking coal mine
  2. Google Orion Mining
  3. Google TerraCom, find out who they are and what they do
  4. Google Blair Athol Coal Joint Venture
  5. Prepare a good mining focused resume
  6. Be prepared to answer questions about Blair Athol in a job interview.

$1.2 billion in coal to be mined over the next seven years.

Based on current prices, the company plans to export an estimated $1.2 billion in product from the mine over the next seven years.

Orion chairman and TerraCom board member, Jim Soorley, said: “the completion of transfer of the Blair Athol mining lease is not only great news for TerraCom but is great news for the community of Clermont and the state Queensland, with up to $80 million in taxes and royalties to flow from the re-opened mine operation and with the recommencement of rehabilitation activities.”

TerraCom acquired the coking coal mine for $1, while the Queensland Government will receive $79.6 million from previous owners, Blair Athol Coal Joint Venture, for rehabilitation of the mine.

The acquisition includes the mining lease, related licenses, land site infrastructure, active contracts and mining plant and equipment. TerraCom will rehabilitate more than 50 hectares at the site.

Meanwhile, TerraCom has appointed Wal King, the former chief executive officer of Leighton Holdings, to its board.

TerraCom to become largest coal mining company

King will support TerraCom’s growth in becoming a large and strong coal mining company operating in Australia and Asia, the company said.

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