"We will continue to monitor market conditions and the performance of the mine while we undertake further study of the reserves, including South Wambo. What do you think?
The US miner, which has , is attributing the decision to the "incredibly challenging market conditions caused by the global COVID-19 pandemic.". Workers at Peabody Energy's Wambo Underground Mine in the New South Wales Upper Hunter Valley face an uncertain future. Voters back Gladys Berejiklian despite secret romance, Clarence House denies Prince Charles supported SNP as a teen, This Is How Instagram Is Cracking Down On Influencers Who Aren’t Honest About Sponsored Posts, Craig Bellamy At Odds With Ivan Cleary Over Bizarre Post-Match Claims, Joan Hocquard, Britain’s oldest person, dies aged 112, VW to have Audi unit oversee UK brand Bentley - Automobilwoche, Sudan is being rewarded for its revolution with blackmail, Melbourne Storm hold off late Penrith charge in grand final to claim fourth NRL premiership, MIDAS SHARE TIPS UPDATE: Gold in Scottish hills with Scotgold, Caro lashes 'sellout' night AFL Grand Final, In the restaurant where I work, Covid has brought out the worst in customers, Dr. Fauci and Biden advocate a federal mask mandate, as daily COVID-19 infections hit 83,000 for 2nd consecutive day, Frantic search fails to find WA woman swept off rocks at Injidup Beach, Woman clinging to life after falling from 'Showfest' amusement ride in Cairns, Hugh Jackman reignites long-standing feud with throwback photo of Ryan Reynolds, How the same tech in your Nintendo Wii is tracking wild and wily wolverines, Embattled South Africa chief resigns along with four board members, Party chair insists Republicans will hold Senate after Trump voices doubt, 'Brexit was no aberration, EU needs to learn from it', Daniel Andrews 'does not have the capacity to lead and should resign': Liberal MP, NSW coast to be lashed by rain over next seven days due to low-pressure system, Lily Allen wants children with new husband David Harbour, Foreign students show less zeal for US since Trump took over, STOCKWATCh: Man U still golden for fund star, Will Texas Flip Blue? Under the proposals by the NSW Resource Regulator mining leases would have new conditions added requiring companies to regularly report on rehabilitation progress and provide updated rehabilitation management plans. For 111 years, Muswellbrook Mine with the support of the local community have produced and supplied high-quality coal to help secure stable supplies of energy to Japan, Australia, and other markets.
"I just appeal to the companies to hang on as long as they can, to do the right thing by the employees, and I'll pray that we can hang on long enough to wait for that demand to grow strong again.
Mining companies would be required to improve the standard of mine site rehabilitation under a series of proposed reforms.
In the news: Five Hunter coal mines failed government audits of their rehabilitation works in mid 2019, sparking fears the environment and taxpayers were being exposed to significant risk.
*1 Pumped-storage hydroelectricity: A power generating method conducted through building reservoirs at higher and lower elevations in the power-plant facility and repeating the series of processes of allowing water to flow down from the higher to the lower reservoir, powering turbines as it does so, when demand for electricity is high and using surplus electric power to pump water from the lower to the higher reservoir when demand for electricity is low.
By converting the mined areas of the Muswellbrook Coal Mine into a lower reservoir and pumping the water using low-priced daytime and nighttime renewable power in the region, it would generate electricity during the peak demand periods of early morning and evening for the region.
Mines have traditionally provided regulators with cash deposits to guarantee taxpayers will not be left to pay for rehabilitation works. Get our Editor's Weekly Wrap featuring the best local news and stories, as well as our Breaking News Alerts.
Among other issues, the Resources Regulator uncovered ongoing delays in rehabilitation works, erosion features ignored, unexplained areas of low species diversity and poor record keeping. The job losses come after an eight-week partial suspension of operations that commenced in mid-June. Idemitsu begins studies on commercialization of pumped-storage hydroelectricity using mined areas of Muswellbrook Coal Mine in Australia.
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