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An $830 million boost of funding for mining in the NSW Illawarra region, announced today, is “good news for local jobs” according to BHP Billiton.
This new investment (US$845 million) from BHP will go towards sustaining operations at Illawarra Coal, in New South Wales’ south.
Appin Mine will see a new area, Appin Area 9, with a capacity of 3.5 million tonnes per year of metallurgical coal, the company released in a statement, and will sustain the Illawarra’s production capacity at nine million tonnes per year.
Appin Area 9 will be complete in 2016, replacing production at the West Cliff Mine.
New road developments and infrastructure will also be put in place.
BHP Billiton metallurgical coal president, Hubie van Dalsen, said: “The investment sustains Illawarra Coal’s production rates and recognises the value of its high quality metallurgical coal resources.
“It is also good news for local jobs and the economy in the region.”
An investment is an asset or item purchased with the expectation that it will generate income or appreciate in value in the future.
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