Maxwell Underground owner cash-up

A 300-metre longwall will be established at a local coal mine after a significant boost to the operator’s funding.

Malabar Resources has raised 180-million-dollars to go towards the cost of establishing the Maxwell Underground at Muswellbrook.

The company says the 300-metre longwall is a significant expansion on the previous 145-metres.

This will optimise their production capacity, resulting in greater sales with lower operating costs.