Yancoal\u2019s Donaldson coal operation will go into care and maintenance from June this year, which will result in 92 redundancies.<\/p>\n
An announcement from the Chinese miner<\/strong> said one of three mining units at the Abel coal mine would be shut down from March 14.<\/p>\n The move will immediately affect ten roles, which the company will endeavour to redeploy in the Ashton coal mine.<\/p>\n A round of voluntary redundancies will commence at the Abel, Ashton and Austar mines prior to the change in operations.<\/p>\n Donaldson currently employs 103 people, which will be reduced to eleven employees to keep the mine on care and maintenance.<\/p>\n Care and maintenance will include the ongoing rehabilitation of the Donaldson site and management below ground in anticipation of future mining operations.<\/p>\n The Abel mine produced 1.34 million tonnes of salable thermal and soft-coking coal in 2015.<\/p>\n Yancoal recently secured a $1.32 billion debt financing deal in exchange for handing over control of the Ashton, Austar and Donaldson mines to a Chinese consortium.<\/p>\n Yancoal\u2019s full year loss for 2015 was reported as $291.2 million.<\/p>\n","protected":false},"excerpt":{"rendered":"