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State-run proponent will exit coal assets

Meandu Coal Mine
Meandu Coal Mine

A Queensland Government-owned corporation has decided to pull the plug on coal.

Stanwell Corporation confirmed it would shut down all of its coal assets and transition to renewable energy and storage instead.

The proponent will soon begin phasing out the Meandu Coal Mine in Tarong, 179km west of the Sunshine Coast. The Tarong Power Stations, Stanwell Power Station near Rockhampton and Mica Creek Power Station near Mount Isa will also be affected.

‘Renewable energy needs’

“Australia is undergoing a major energy transition and it is happening at a rapid pace,” Stanwell CEO Richard Van Breda said in a public statement.

“Over the coming years, Stanwell will respond to the renewable energy needs of our large commercial and industrial customers through the introduction of new low or zero emission generation technologies. We will also strive to play a central role in the emerging green hydrogen industry.”

Up to 1100 workers affected

Up to 700 direct employees and 400 indirect Meandu mine workers will be offered a variety of career options.

“We are taking early steps to bring our people, communities, unions and government together to put plans in place. These plans will help ensure that as we eventually retire our coal-fired assets from service, our people have choices in relation to retraining, redeployment and – where it is their preference – retirement,” Van Breda said.

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