News

Callide mine up for sale

Anglo has announced it is selling Callide Mine near Biloela.
Anglo has announced it is selling Callide Mine near Biloela.

CALLIDE mine is up for sale, with owners Anglo America stating the mine near Biloela no longer fits the company’s growth strategy.

Chief Executive Officer of Anglo American’s Metallurgical Coal business, Seamus

French today announced the company had commenced a divestment process for the thermal coal mine.

Mr French said Anglo American’s Metallurgical Coal business unit’s strategy was focused on growing its metallurgical coal business.

“Callide mine is a thermal coal operation primarily supplying domestic power stations in Biloela and Gladstone,” Mr French said.

“The Callide mine does not align with our growth strategy and the divestment process will lead to the sale of the operation as a going concern.

“Callide mine is a low cost coal producer with a significant resource base of more than one billion tonnes, a stable and well run operation in an established mining area and has a strong future underpinned by long term coal supply contracts.

“Anglo American sees an exciting opportunity for investors to expand the Callide business,” Mr French said.

“The process will be undertaken with care and respect for our employees and all other stakeholders with our priority during this period being the safety of our employees and stability of the operation,” Mr French said.

“Anglo American will work closely with Government, its customers, suppliers and the local community to ensure they are consulted throughout this process,” Mr French said.

Member for Flynn, Ken O’Dowd has requested an urgent meeting with Anglo management.

“Anglo has said they wish to focus on expanding their metallurgical coal business and that thermal coal did not align with the company’s current strategy.

I need to know what this decision means to the workers and the community of Biloela and district,” Mr O’Dowd said.

“We’ve seen it all before, these companies come to town with all the hoop-la and hype and when they see a ‘better’ opportunity they move on.

This should sound a warning bell to the State Government in their dealings with the LNG Industry,” he said.

“Governments and local councils should be demanding that these companies commit to social infrastructure before they are granted their valuable operating licences, because when they are finished they will pack up and move on, with little consideration for the communities that have bent over backwards to accommodate them.

“I need to know from Anglo just how committed they are to Central Queensland and who they might be considering as a prospective purchaser of these assets.

“I don’t like the sound of it and I need to be reassured that the Callide mine has a strong and viable future.”  Mr O’Dowd said   

Read Friday's Central Telegraph for the latest update.


Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Overcrowded car no clowning matter to magistrate

DRINK DRIVING: The man was fined $1000 and had his licence suspended for 3 months.

$1000 fine for meatworker after birthday bungle.

Panthers come out on top in 9-a-side competition

BREAK THROUGH: The Panthers combinations came through on the night to win the competition.

Biloela exacts sweet revenge against Woorabinda.

Theodore Men's Shed group launches at old SES headquarters

HARD YAKKA: Theodore Men's Shed members work on a barbecue before the organisation's launch last Saturday.

Group aims to give purpose to retired and isolated men in Theodore.

Local Partners

MOVIE REVIEW: Trainspotting sequel as good as original

DIRECTOR Danny Boyle puts on a masterclass in how to use a 20-year gap between movies to your advantage.

How Karl Stefanovic's wife, kids found out about girlfriend

Karl Stefanovic and Jasmine Yarbrough after their day on Sydney Harbour. Picture: Jonathan Ng

Pictures splashed across tabloid were shock to family

WATCH: Toowoomba opera hopeful's incredible voice

Kaitlyn Orange attends Opera Queensland auditions at Empire Theatres for Opera at Jimbour, Saturday, February 18, 2017.

Opera hopefuls vie for parts in performance at Jimbour House

MKR turns spiteful in suddendeath elimination

Alyse and Matt battled Josh and Amy in a spiteful elimination cook-off.

Bottom of the ladder faces off in spiteful sudden-death cook-off.

Jilted Married At First Sight groom rejected again

Is Married at First Sight groom's second chance over already?

Sir Elton John coming to Mackay: What you need to know

Sir Elton will come to Mackay and Cairns in September.

Tickets to the concert go on sale on March 14

MAJOR ANNOUNCEMENT: Global superstar to rock Mackay in 2017

A major concert is set to rock Mackay this year.

Mackay, Cairns to host world's biggest superstars Sir Elton John

Popular island resort sells to loaded international investor

OUR PICK: Chris Foey's colourful shot of one of Gladstone's great tourism hot spots, Heron Island.

International investor snaps up piece of Gladstone paradise.

Expert: Why renters, home buyers may struggle

Matusik Property Insights director Michael Matusik.

What's next for the city's housing market

Massive seaside development of 3200 lots

DESIRABLE LIFESTYLE: The masterplan for the proposed Elliott Heads Estate.

"There's nothing else left along the coastline of Queensland now"

Potential home buyers punished for doing the 'right thing'

Should I go to university or buy a house?

Ready to SELL your property?

Post Your Ad Here!