Batchfire Resources has been granted a new mining lease set to extend the life of the Callide coal operations to 2043.
The business, 20km north-east of Biloela in central Queensland, employs about 600 people and was acquired from Anglo American in 2016.
The new Boundary Hill lease will allow the Callide mine to continue to supply about 6.5 million tonnes of thermal coal each year for baseload power generation and alumina manufacturing.
Queensland Resources Council (QRC) chief executive Ian Macfarlane hailed the announcement as more good news for the coal industry.
“What we are seeing right across the coal industry is people being employed in high skilled and high tech jobs, billions of dollars in royalties being paid to the state government and small businesses benefiting from servicing the industry,” Mr Macfarlane said.
He said QRC data showed that in 2016-17 the state’s coal industry contributed $37.8 billion to the Queensland economy and supported 189,995 full time jobs.