The New South Wales Independent Planning Commission has given the green light to Malabar Resources to develop the Maxwell underground coal mine.
This approval came after a comprehensive assessment by the State's Department of Planning, Industry and Environment, and independent experts' review.
The Independent Planning Commission considered all the risks, issues, and potential impacts this project would have and determined in the review that the project's approval was in the public's best interests.
"The Commission finds that, on balance, and when weighed against the relevant climate change policy framework, objects of the [Environmental Planning & Assessment] Act, [Ecologically Sustainable Development] principles and socio-economic benefits, the potential impacts associated with the project are manageable, and the risks of adverse effects on the environment are low.
"The likely benefits of the project warrant the conclusion that an appropriately conditioned approval is in the public interest," the Independent Planning Commission said.
In conjunction with the approval, the Commission has included 169 conditions to help avoid and minimise serious and irreversible damages and manage impacts to heritage and biodiversity at the project site.
Hundreds of jobs in the mining and resources sector will be generated included 250 jobs during the construction of the $509 million project and approximately 350 jobs once the mine is operational.
The Maxwell Underground project is also expected to generate $55 million in annual wages once up and running.
Once fully operational, the Maxwell Coal Mine will produce high-quality coal that is 75 per cent capable of being used in steel making.
The Maxwell Underground Coal Mine is located southeast of Denman and southwest of Muswellbrook in the Hunter Valley.
Source: NSW Gov
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