A Bucyrus-Erie 1370W electric powered dragline operating at Blair Athol.
A Bucyrus-Erie 1370W electric powered dragline operating at Blair Athol. Contributed

REVEALED: Mine needs hundreds of employees by June

What you need to know:

THE owners of the Blair Athol mine site in the Bowen Basin want to start mining in June.

TerraCom announced to the Australian Stock Exchance on Monday that their subsidiary, Orion Mining, has satisfied Queensland Government conditions to recommence mining at the site.

The company was required to provide $13.5million in funds to take on the Blair Athol Coal Mine mining lease from former owner Rio Tinto.

Blair Athol was previously owned by Rio Tinto and was sold to Terracom for $1 after the mining giant mothballed the mine.

Orion Mining chairman and TerraCom board member Jim Soorley said the approval was great news for Clermont and Queensland.

"We plan to recommence mining in June, with more than 600 direct and indirect jobs expected to be generated in the local and regional communities," he said.

"We will move our corporate office to Clermont to be close to the mine and demonstrate that we are serious about out commitment to support the local community."

"TerraCom has had strong interest from customers in North Asia for Blair Athol Coal.

"Over the next seven years we plan to export $1.2billion in product - assuming current prices - delivering enormous value to TerraCom shareholders."

TerraCom also plans to rehabilitate 50 hectares of land while bringing the mine back into production.


United front to fight for long term water security

United front to fight for long term water security

The two councils have come together to form the collaboration.

$16 million to target diseases

$16 million to target diseases

Tackling pests and diseases together

Breaking the Ice Forums educate communities

Breaking the Ice Forums educate communities

Sergeant Nadine Webster says information is power.

Local Partners