The Queensland Government is backing the sale of the Kestrel coal mine, with the transaction expected to secure around 800 jobs in the state’s resources sector.
The underground metallurgical coal operation, located in the Bowen Basin, is a key supplier to global steelmaking markets and a significant contributor to regional employment.
Minister for natural resources and mines Dale Last said the deal would help ensure ongoing operations at the site and provide certainty for workers and local communities.
“This is about securing jobs and supporting the communities that rely on them,” he said.
Last said the continued investment in the mine reflects confidence in Queensland’s coal industry and its role in the global supply chain.
“Queensland produces some of the world’s highest-quality metallurgical coal, which remains in strong demand for steelmaking,” he said.
The Government said the transaction aligns with its broader approach to maintaining a stable and competitive environment for resources investment, particularly in regional areas.
The Kestrel mine is one of Australia’s largest underground coal operations, with established export pathways through Queensland’s bulk handling and port infrastructure.
According to the Government, the sale is expected to support ongoing production and sustain jobs tied directly and indirectly to the operation.
The deal follows similar investments across Queensland’s coal sector, including previous transactions involving Fitzroy Australia Resources, which secured employment for more than 1,000 workers across multiple operations.
Industry activity in the Bowen Basin has remained steady, supported by global demand for metallurgical coal used in steel production, despite broader market volatility.
The Government said continued investment in existing operations remains critical to supporting regional economies and sustaining employment across the resources sector.
“I have made it clear to the sector and the investment community that we are open for business, we have a stable operating environment, and we will throw our support behind those companies who want to do business here,” Last said.
“The Crisafulli Government backs Queensland’s mining families and we are delivering an environment where industry can plan and invest with confidence.”
