Maxwell Underground owner cash-up

February 22, 2024 6:27 am in by
Maxwell underground coal mine. Image: Supplied (Malabar Resources)

A 300-metre longwall will be established at a local coal mine after a significant boost to the operator’s funding.

Malabar Resources has raised 180-million-dollars to go towards the cost of establishing the Maxwell Underground at Muswellbrook.

The company says the 300-metre longwall is a significant expansion on the previous 145-metres.

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This will optimise their production capacity, resulting in greater sales with lower operating costs.