Glencore to Restart Coking Cole Mine in Australia

Glencore (LON:GLEN) announced that it will be restarting the Integra mine–a coking coal mine–in NSW Upper Hunter Valley, Australia. Integra is expected to yield 1.3 million tonnes of coal in 2017.
As quoted in the press release:

The Integra underground mine has been on care and maintenance since July 2014 and Glencore has continued to assess options for a restart against global coal market conditions.
“The Integra mine has one longwall block already formed, providing an opportunity to begin mining with minimal delays or additional investment,” said Ian Cribb, head of Glencore’s Australian coal operations. “Over the next two years, we also plan to complete and extract coal from a second longwall block that has already been partially developed at the mine.”
Glencore expects to produce 1.3 million tonnes of high fluidity saleable coking coal at Integra in 2017 to meet a specific need identified in the metallurgical coal market

Click here for the full press release.