BHP Billiton (BHP) is seeking to extend the production life of the Mt Arthur coal mine in Australia from June 2026 to June 2045.
Located in the Hunter Valley, New South Wales, Australia, Mt Arthur coal mine is an open-pit thermal coal mine that employs approximately 2,000 workers. If the extension application is approved, it will need more 600 workers.
In August 2020, BHP Billiton decided to strip thermal coal assets gradually, including Mt Arthur coal mine, and focus to high-quality metallurgical coal assets, according to Australian mining, citing BHP Billiton.
As BHP plans to gradually divest thermal coal assets and may transfer the coal mine ownership in the next few years even after approval of extension the production life.
BHP stated that extending the coal mine's production life requires a comprehensive assessment and approval from the local community and major shareholders.
(Writing by Lilya Li Editing by Emma Yang)
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