The Daily Mercury reports that the Queensland Government has approved the transfer of mining leases for the Blair Athol mine, paving the way for its reopening.
The decision follows the mine being mothballed after 30 years of operation by Rio Tinto in 2012 and then acquired by TerraCom’s subsidiary Orion Mining Pty Ltd.
Blair Athol’s operation in Clermont is expected to reopen in March creating 150 direct jobs and 450 indirect jobs which the company’s Chief Executive said was vital to the local economy.
“On the back of rising coal prices this is great news for TerraCom and its shareholders, the local and regional community and the people of Queensland,” Chief Executive Cameron McRae said.
“Without this lease transfer the mine may never have reopened and the jobs and economic opportunities could have been lost forever.”
He also said the company would begin buying new housing stock to support local workers delivering the project.