MARKETS

Anglo expects Grosvenor approval this month

ANGLO American Metallurgical Coal expects to receive the mining licence for its $US1.7 billion pr...

Lou Caruana
Anglo expects Grosvenor approval this month

The company is ready to start construction and the recruitment drive for the Grosvenor project which will create 1000 new jobs and is expected to produce first coal by the end of next year, according to Anglo American chief executive Seamus French.

“Very soon we will start looking for people to run the Grosvenor operation,” he said.

“We are competing in a tight skills market so we need to look for our new team members in the broadest talent pool available.

“The key to this is diversity. Age, gender, culture, background – we will be looking for people from all walks of life with varied experience to join us.

“Met Coal’s diversity initiatives like the advanced entry skills program for mature-aged apprentices and the Foxleigh mine ‘hot seat’ flexible shifts for

working parents will ensure we continue to find the right people and match them with the right role for their personal circumstances.”

Grosvenor will be Anglo’s first major project since it completed Lake Lindsay at Capcoal in 2009.

The greenfield Grosvenor project, which was approved in December, is expected to produce 5 million tonnes per annum of metallurgical coal from its underground longwall operation over a projected life of 26 years and to benefit from operating costs in the lower half of the cost curve.

Grosvenor forms a major part of Anglo’s strategy of tripling production of met coal from its Australian assets by 2020, equivalent to a 12% compound annual growth rate, using a standard longwall and coal handling and preparation plant design model.

In its first phase of development, Grosvenor will consist of a single new underground longwall mine, targeting the same well-understood Goonyella middle coal seam as Moranbah North, and will process its coal through the existing Moranbah North CHPP and train loading facilities.

“With two similar longwall projects planned in Moranbah, what we learn as we deliver Grosvenor, we will apply to the Moranbah South project,” French said.

“Grosvenor will create more than 1000 new jobs and benefits will be shared through the Moranbah 2020 fund, local procurement and increased royalties to the Queensland government.”

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production