The Millennium metallurgical coal mine near Moranbah, Australia, has officially reopened. The A$464 million project is expected to create 330 jobs for Queenslanders.

MetRes Pty Ltd., a joint venture between M Resources and Stanmore, purchased the Millennium and Mavis Downs mines from Peabody Energy Australia in April. At the time of the acquisition, the group said they planned to quickly restart Millennium.

M Resources subsidiary M Mining Pty Ltd. was appointed as the joint venture manager and operator. Millennium is expected to produce 1.2 million metric tons per year.

MetRes Chairman and Director and Owner of M Mining Matt Latimore celebrated the milestone with miners at a grand opening ceremony that included Queensland’s Minister for Resources Scott Stewart and Isaac Regional Council Mayor Anne Baker.