The brand new mine extends the lifetime of Anglo’s current Capcoal underground operations by seven years, after the corporate’s close by Grasstree mine reached its finish of life in current weeks.
Aquila, a 70-30 three way partnership between Anglo American and Mitsui & Co., may have a complete common yearly saleable manufacturing of round 5 million tonnes of premium high quality exhausting coking coal.
“The mine will use our current infrastructure at our Capcoal complicated and assist round 600 ongoing operational roles for our Queensland-based workforce, together with offering continuity of employment for our Grasstree workforce,” Anglo’s metallurgical coal boss, Tyler Mitchelson, stated within the assertion.
Anglo American spun out its South African thermal coal operations and bought its stake in a Colombian mine to Glencore final 12 months after shareholder calls to ditch the polluting fossil gas to fulfill emissions targets.
In contrast to its friends, the miner determined to carry on to its metallurgical coal property, a key commodity within the making of metal.
Final 12 months, Anglo American churned out 14.9 million tonnes of met coal, simply shy of its 15 million tonnes goal, thanks largely to elevated manufacturing at its decrease grade Dawson mine. The transfer offset decrease manufacturing on the high-grade Moranbah and the delayed restart of Grosvenor, which was shut following a gasoline ignition in Might 2020.
Anglo American presently is the world’s third largest exporter of metallurgical coal.