Wallarah 2 Coal Project in NSW is one step closer to construction

The New South Wales Government has granted Kores Australia two mining leases for the Wallarah 2 Coal Project following a lengthy approval process.

The project first received the development consent from the State Government’s Independent Planning Commission in January 2018 and was followed by Federal Approval about 12 months later.

“This is a very positive sign that the recently re-elected NSW Government is serious about backing regional jobs and investment during the term of this Parliament,” NSW Minerals Council CEO Stephen Galilee said.

The underground longwall mine development will comprise of:

• Coal handling and storage facilities
• Rail spur and loading infrastructure
• An underground drift entry and ventilation shafts
• Gas and water management facilities
• Maintenance facilities and administration buildings

The Wallarah 2 Coal Project is anticipated to support over 1,000 direct and indirect jobs during its construction as well as 300 direct jobs during its 28-year mine life and a further 500 indirect jobs in retail, building, transport and other sectors.

Over the operational life of the mine, it is expected to inject more than $600 million in economic turnover in the local economy together with hundreds of million in taxes and royalties that will help fund the development of roads, hospitals and schools across the State.

Once operational, the mine will be able to extract up to 5Mtpa of export quality thermal coal. The Wallarah 2 Coal Project will be maximising local employment - with a target of 10 per cent Indigenous employment - and procurement from local and regional businesses.

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Source: Australian Mining; Mining Weekly; International Mining; Yahoo News; Wallarah 2 Coal Project