TerraCom Blair Athol Coal Mine

$93.1m mine reopening creates 100+ jobs in CQ

A multinational resource company will create hundreds of jobs within weeks when it re-opens a Central Queensland mine.

A subsidiary of TerraCom Resources has secured regulatory approval to resume operations at the Blair Athol Coal Mine, 24km northwest of Clermont.

The Queensland Department of Natural Resources and Mines recently gave formal indicative approval to Orion Mining for the mining lease transfer, which paves the way for the proponent to re-open the mine in less than six weeks.

The re-opening could create up to 600 jobs, including 150 direct and 450 indirect positions.

The company has started collecting registrations for both job and supplier notifications, and promises to contact suitable candidates as soon as opportunities arise.

Prospective employees and suppliers are invited to email a CV or capability statement to admin@terracomresources.com

Mining and rehabilitation activities are expected to begin before the end of April 2017.

Blair Athol will be bought for $1, and the State Government will receive $79.6 million from the Blair Athol Coal Joint Venture to meet the mine’s rehabilitation requirements, which will form part of TerraCom’s financial assurance quantum of $93.1m.

The acquisition includes the mining lease, related licenses, land, site infrastructure, active contracts and all mining plant and equipment including dragline. TerraCom will relocate its corporate office to Clermont utilising the modern office facilities included as part of the acquisition.

TerraCom plans to rehabilitate more than 50 hectares while returning the mine to production. The operation, under TerraCom management, is planned to deliver approx. Two million tonnes per annum over seven years, and ongoing progressive rehabilitation.

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