The revised proposal now involves mining by means of non-caving bord and pillar mining technique.
The application process to restart Russell Vale mining activity was submitted in January.
The project will allow for a five-year extension for mining the Wonga East area of the mine.
Russell Vale colliery remains on care and maintenance.
Mine manager Warwick Lidbury will be performing the duties of acting CEO.
The court also ordered Mr and Mrs Jagatramka to pay the company's costs of the proceedings.
The selected mining section for the coal seams were revised based on economic criteria.
Additional work has now been completed for the Mod 4 application that was started in 2012.
The application was made after Russell Vale colliery was placed in care and maintenance.
It follows the NSW Supreme Court approving the schemes between the companies on February 14.
Work has continued to address the surface and underground mine assets.
The debt restructuring remains incomplete and various other conditions need to be satisfied.