In October last year BMA closed the Gregory open cut mine because it claimed it was unprofitable in current market conditions.

“BHP Billiton confirms that it is investigating potential divestment of the Gregory Crinum mine complex, located near Emerald in Central Queensland,” a company spokesperson told ILN.

“In addition to divestment, the company is assessing options for the Gregory Crinum complex to further extend the operation’s life.”

Owned and operated by BMA, Gregory Crinum complex comprises the Gregory open cut operations and coal preparation plant and the Crinum underground mine.

“The Crinum underground mine remains profitable and viable and in the event that the Gregory Crinum complex is retained within the BMA portfolio, the mine will continue to operate,” the spokesperson said.

“No decision has been made regarding the future of the Gregory Crinum complex.

“Any decision to proceed with divestment, or otherwise, is unlikely for six to nine months and will depend on market interest and other commercial factors.”

The Gregory open cut coal mine commenced operations in 1979, with its first shipment in 1980.

An announcement was made on September 10, 2012, that from October 10, 2012, operations at the Gregory mine would cease for an indefinite period.

“The Crinum underground mine – which started development in 1994 and longwall production in 1997 – and Gregory coal handling preparation plant were made more competitive by this decision,” the spokesperson said.

“BMA will regularly engage with its employees and their representatives as well as key stakeholders should the divestment process proceed further.

“BHP Billiton Metallurgical Coal will continue to review its portfolio of assets to ensure alignment with the company’s strategy.”