BHP says, it will close the Mt Arthur coal mine at Muswellbrook in 2030, after the company couldn’t find a buyer for the site.
The mine, which is the largest in NSW and employs around 2,000 people, had been seeking to extend it’s existing approval from 2026 to 2045.
It will now seek to extend the mine’s lifespan by just four years.
The company informed the stock exchange on Thursday about its decision, which comes after a two-year review.
It’s understood, Mt Arthur has been facing significant financial challenges.