Peabody Energy Corp. Millennium and Mavis Downs Mine ceased production in March 2020. On April 15, 2021, MetRes Pty Ltd, a 50/50 joint venture (JV) between Stanmore Coal and M Resources, acquired the Millennium and Mavis Downs coal mine in Queensland from Peabody Energy. On October 7, 2021 - Millennium and Mavis Downs Mine has officially reopened. On August 30, 2021, PIMS Group was recently awarded a five-year contract to convert the idled open-pit Millennium and Mavis Downs coal mines, west of Mackay, Queensland, to underground operations, which could ultimately result in an estimated 1.2 Mt/y of incremental coal extraction. Komatsu will sell PIMS Group new mining equipment for the project, and will provide a comprehensive maintenance, parts, rebuild and engineering support service to ensure the companies’ joint objectives are effectively supported. |