GFG Alliance has today completed the acquisition of the high‐quality Tahmoor coking coal mine in New South Wales, which is now officially under the ownership of GFG’s SIMEC Mining division following Ministerial approval.
The acquisition of the Tahmoor mine is an important element in GFG Alliance’s broader transformation plan for its flagship Liberty OneSteel Whyalla Steelworks in South Australia that is designed to optimise and expand production, thereby securing its long‐term sustainability.
The Tahmoor mine – which employs more than 300 people – is a coking coal operation situated around 75km southwest of Sydney. Annual production is currently around two million tonnes per annum, the bulk of which is high‐quality coking coal used for primary steel making in blast furnaces both in Australia and internationally. The Tahmoor mine is an important supplier of coking coal to the Whyalla Steelworks.
GFG Alliance Executive Chairman, Sanjeev Gupta, said the well‐run asset was highly regarded in domestic and international markets for its grade and quality.
“I am delighted to welcome the Tahmoor mine employees and surrounding community into our GFG family,” Mr Gupta said.
“The acquisition of the Tahmoor mine is an exciting step forward in our strategy to create fully‐integrated, end‐to‐end businesses in Australia, from raw materials and energy right through to high‐value finished products ready for market.
“Through this purchase, we secure and de‐risk an important feed for the Whyalla Steelworks. This, together with our iron ore mines in South Australia, now makes GFG the only fully‐integrated Australian steel producer, whether from iron ore and coking coal to primary steel, or from scrap metal and renewable energy to GREENSTEEL.”
SIMEC Mining Chief Operating Officer, Matt Reed, said this significant acquisition considerably expanded the scope of the Mining business beyond the Middleback Ranges region.
“The inclusion of the Tahmoor coking coal mine into our operations represents an exciting opportunity for our business,” Mr Reed said.
“We have commenced broadening our portfolio, making our business more robust and secure for the longterm.”