Centennial Coal has announced it is reducing 30 work at its Myuna colliery in the Newcastle coal field of the Australian state of New South Wales, the business stated in a declaration Wednesday.

An extra 21 members of Myuna colliery's labor force, which numbers 255 individuals, are being transferred to another firm mine, Mandalong, the company claimed.

Centennial Coal, which is 100%- had by Thailand coal business Banpu, said Myuna colliery's geological problems had actually become tough, as well as paired with the "recurring economic slump in the mining sector" had caused the labor force being restructured.

The Myuna underground mine has actually been in operation for nearly 40 years, and the operation is focused on removing thermal coal from 3 various seams that run under Lake Macquarie, located about 20 miles south of the port of Newcastle.

this page of Myuna's thermal coal is supplied by conveyor to the local Eraring power plant, Centennial stated.

The below ground mine has a manufacturing capacity for 2 million mt/year of thermal coal, and also 1.6 million mt was extracted in 2011, according to firm details.

SPRINGVALE MINE

Separately, regarding 230 workers have actually returned to their work at Centennial's 50%-possessed Springvale mine.

The majority of Springvale's 300-strong labor force had actually been stood down by the business in August due to uncertainty over the result of preparing approvals required for the mine's recommended development.

The workers were able to return to their tasks on October 15 when the Australian atmosphere priest Greg Search offered his approval for the mine to remain open with to 2028, therefore allowing the removal of an additional 4.5 million mt/year of coal from the mine's Lithgow seam.

The Springvale underground mine in the New South Wales Western coal area products thermal coal to the Mt Piper power plant in New South Wales, and some Springvale coal is supplied to overseas clients with the Port Kembla coal terminal.

The mine generates about 2.7 million mt/year of thermal coal as well as has a manufacturing ability of 4.5 million mt/year.

South Oriental capitalist SK Kores Australia possesses the various other 50% of Springvale's equity.