New Hope Coal has received approval for its A$300m Colton Coal open-cast mine project from the Queensland government.
Approval for the project, located 10km north-east of Maryborough, included the granting of three mining leases.
The estimated production capacity of the mine is around half a million tonnes of high-grade coking coal per annum and it is expected to create 120 new jobs.
New Hope had to meet strict environmental, financial and technical capability and public interest requirements, as well as address native title issues with traditional owners, to secure approval for the leases.
“The project has been through a rigorous assessment process, including public objections and Land Court hearings. The mine has strict conditions governing water releases to protect the Mary River catchment, and to limit noise and dust,” said Queensland Natural Resources and Mines Minister Dr Anthony Lynham.
This news comes as New Hope Coal celebrates their dramatically improved half year profit, much of it stemming from the success of their Bengalla mine acquired from Rio Tinto for $785m in 2015.