Official opening as Millennium hits its straps
MetRes is investing $464 million to re-start and operate the formerly mothballed mine – creating more than 230 jobs in the process.
The re-invigorated site produced first coal late last month and production is set to hit more than 1.2 million tonnes each year from July 2022.
It comes after a joint venture of M Resources and Stanmore Resources (MetRes) acquired the mothballed Mavis Downs and Millennium site from Peabody Energy in July, with M Mining acting as joint venture manager and operator of the restarted mining activities.
MetRes chair Matt Latimore said with the opening of the mine, local community would be supported once more.
“Through existing infrastructure and a substantial resource remaining, we know that Millennium has more to give, and we are pleased to see the mine again generating jobs and opportunity for the region and economy,” Mr Latimore said.
“Millennium mine is heading into fortunate times with high prices and a world hungry for metallurgical coal resources.
“Millennium will make high-quality coal for steel making available to our trading partners which will support a global green energy transition.
“Every wind turbine, solar panel, energy transmission upgrade, every single hydrogen pipeline and storage tank requires steel. As the world invests in a low emissions future, there will only be more demand for Queensland’s premium coking coal.”
Mr Latimore said he was particularly pleased to have an emphasis on local employment, with around 75 per cent of the Millennium mine operating workforce coming from Central Queensland.
“Our partners and contractors share our values of making a positive difference in the communities where we operate. We are focused on safety, economic growth, sustainability and maximising employment from around Moranbah and Central Queensland,” he said.
Image: MetRes chair Matt Latimore(second from left) with
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