Switzerland-based mining and commodities trading firm Glencore has delayed the closure of its Australian 2.1mn t/yr Ravensworth underground coal mine in New South Wales state by one month until the end of October.
Glencore announced in March that it would close the thermal and semi-soft coking coal mine because of lower coal prices and a stronger Australian dollar. But it wants to complete its current longwall before closing the mine and so has postponed the closure date. Ravensworth will then be placed in care and maintenance with a small permanent workforce remaining to manage the mine.
Ravensworth began production in 2007 and has been managed by Glencore since February 2008. The mine is a joint venture between Glencore, Japanese trading firm Marubeni and South Korean steel producer Posco.
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