500 jobs in Xstrata's Ravensworth coalmine expansion plan
PRODUCTION from Xstrata's Ravensworth coalmine would increase by 30 per cent under a $1 billion expansion project being considered by the State Government.
If approved, the Ravensworth "consolidation" project would create about 500 construction jobs over three years and secure employment for at least 550 mineworkers for another 29 years.
With Hunter coal selling for about $100 a tonne, the 20 million tonnes a year of coal the combined Ravensworth complex is predicted to produce would be worth about $2 billion.
It would help cement Xstrata's role as the Hunter's biggest coal producer, accounting for 29 per cent of Newcastle's coal exports, well ahead of Coal & Allied's 20 per cent.
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