Located in the state’s Central West near Dunedoo, the coal mine has planning approval from the NSW and Australian Goverment.
The Cobbora Coal Mine was kicked off by the earlier Labor Government for purpose of generating subsidised coal to fuel state-owned power generators. The development and operation costs for this resulted in a liability for taxpayers to a tune of over $1.5bn.
NSW Minister for Industrial Relations Andrew Constance,"The NSW Liberals & Nationals Government has made clear from day one that the state should not be in the business of running a coal mine.
"The launch of the transaction process for the Cobbora site is another step in cleaning up the fiscal mess left by Labor and its failed energy reforms."
"Potential resources at the Cobbora Mine development are significant, with reserves of at least 140 million tonnes of thermal coal. Mine development and local infrastructure plans are also in place to allow development to proceed.
"In the meantime, the mine site will continue to be improved and actively managed for agricultural use while the transaction process is underway", Constance explained.
The bidding phase for Cobbora Coal Mine will be open till early September this year.
