Anglo American has announced the completion of the sale of the Callide thermal coal mine to Batchfire Resources.
“This a red-letter day for Batchfire, Queensland and especially the people of the Banana Shire and central Queensland,” Batchfire CEO Peter Westerhuis said.
“Callide Mine has been a major economic and employment driver for Biloela and central Queensland for more than 70 years, supplemented by the commissioning of the nearby Callide Power Station in 1965.
“The Callide B and C power stations will be leading customers for the mine’s output under long-term supply contracts, essential for major power generation facilities with a combined capacity of 1,510 megawatts.
“We have established a constructive working relationship with CS Energy, which owns Callide B and 50 percent of Callide C in a joint venture.”
Batchfire’s acquisition is on a “walk-out, walk-in” basis meaning that Callide Mine will continue to operate uninterrupted.
Mr Westerhuis and members of his senior management team met with Callide employees today.
“Our first priority is to engage with the Callide workforce, contractors, suppliers and the broader community to ensure the smoothest possible transition after six years of uncertainty over the mine’s future direction, which I can assure them is positive,” Mr Westerhuis said.