Published: November 13, 2023 |

[Click image to enlarge]

Anglo American has secured the mining lease for the expansion of the Lake Lindsay metallurgical coal mine in Central Queensland (QLD), Australia.

This mining lease from the QLD government marks the final hurdle for the coal mine expansion.

It allows Anglo American to expand the mine’s operational life and create 500 jobs at the site.

The existing Lake Lindsay mine is located within Anglo American’s Capcoal Mining Complex located within the Bowen Basin, 21km south, south-west of the township of Middlemount.

“The granting of this mining lease shows Queensland’s resources industry continues to go from strength to strength. It shows there is confidence from major mining companies that are investing in the future of Queensland’s resources industry into the future,” said QLD Resources Minister Scott Stewart.

“Steel-making coal is one of our state’s biggest export earners, worth nearly A$60 billion in the 12 months to May this year. We need steel for construction, domestic appliances, automotive and mechanical equipment, and also for turbines to generate renewable energy on wind farms,” added Stewart.

The Lake Lindsay mine extension project involves extending the existing open-cut mine into a new mining area.

Once fully operational, the expanded mine is expected to produce 5.6 million tonnes of steel-making coal.

Last month, Anglo American entered a memorandum of understanding with Mitsubishi Materials to build a responsible copper value chain.

The duo will join forces to create a copper product line to cope with rising demand for metals with “strong provenance credentials”.

Source: Global Data

Anglo American is a leading global mining company and its products are the essential ingredients in almost every aspect of modern life. Their portfolio of world-class competitive operations, with a broad range of future development options, provides many of the future-enabling metals and minerals for a cleaner, greener, more sustainable world and that meet the fast growing every day demands of billions of consumers. With people at the heart of their business, they use innovative practices and the latest technologies to discover new resources and to mine, process, move, and market products to their customers — safely and sustainably. As a responsible producer of diamonds (through De Beers), copper, platinum group metals, premium quality iron ore and metallurgical coal for steelmaking, and nickel — with crop nutrients in development — they are committed to being carbon neutral across our operations by 2040. More broadly, their Sustainable Mining Plan commits them to a series of stretching goals to ensure they work towards a healthy environment, creating thriving communities, and building trust as a corporate leader. They work together with business partners and diverse stakeholders to unlock enduring value from precious natural resources for the benefit of the communities and countries in which they operate.

Be in-the-know when you’re on-the-go!