Apr 13, 2016

Glencore winds down Newlands underground

Glencore winds down Newlands underground

Glencore expects to close its Newlands Northern underground coal mine in Central Queensland by midyear, upon completion of the final longwall panel.

The company said the mine, employing about 100 people, had reached the end of its economic life.

“In May 2014 we announced that the mine would likely close in Q4 2015; this date has since been pushed back to mid-2016,” company spokesman Francis De Rosa said.

“…We are continuing to provide information to our workforce about the closure plans.”

While underground mining is drawing to a close, it will be “business as usual” at Glencore’s open-cut mine at the Newlands site, north-west of Glenden.

Glencore also confirmed this week that a restructuring program at the Collinsville mine, announced in December last year, is now complete – leaving a workforce of less than 60 people.

Of the 94 Collinsville-based personnel impacted by the restructure, 86 had already been redeployed elsewhere, Glencore said.

The move came after lower coal prices and market oversupply contributed to the Collinsville operation incurring financial losses during 2015.

The operation has phased down overburden removal to only produce coal from in-pit inventory and field stockpiles.