March 12, 2019
New Hope Corporation – the company behind the Stage 3 expansion at New Acland Coal Mine – has been granted approval to amend the Environmental Authority (EA) for the project.
“This is welcome news for the company and the local community in which the Project is located,” a company spokesperson said.
“The Project now needs to secure mining leases and an associated water licence from the Queensland Government before it can proceed.
“New Hope remains committed to delivering the New Acland Stage 3 Project and will actively work with the relevant government departments to progress through these steps.
“Obtaining final approval as soon as possible this calendar year is critical to ensuring the continuity of operations and therefore employment for approximately 300 employees and 500 contractors currently engaged at the New Acland mine.”
In a statement to the ASX, New Hope said the EA includes a significant number of stringent environmental conditions and was granted following the Coordinator-General approving amendments to noise limit conditions, thereby satisfying all preconditions set by the Land Court.
According to New Hope, New Acland Stage 3 is expected to generate $7 billion in economic activity over the expected 14-year life of the project.