Yancoal Australia Ltd (ASX: 3668) announced that it welcomes the New South Wales Independent Planning Commission's decision today to approve the Hunter Valley Operations Extension Project, which will extend mining activities at the Hunter Valley Operations complex until the end of 2045.

This represents a major advancement for the region's economy and for approximately 1,570 coal mine employees and their families. Hunter Valley expressed gratitude to its dedicated workforce, local suppliers, and the broader Hunter Valley community for their support throughout the entire approvals process.

This state-level approval comes after a six-year regulatory approval process. During this period, Hunter Valley has engaged transparently and constructively with regulators and stakeholders, and has adjusted the project design and operational framework accordingly. These adjustments ensure the project complies with the legal and regulatory requirements, environmental standards, and net-zero emissions policies of both the New South Wales Government and the Australian Federal Government.

Although this state-level approval brings Hunter Valley one step closer to obtaining the certainty needed for long-term stable operations, Hunter Valley still needs to obtain Australian Federal Government environmental approval by December 31, 2026. The joint venture operator will continue to communicate with the National Environmental Protection Agency to secure that federal approval.

Yancoal Australia Chief Executive Officer Mr. Sharif Burra stated: "Among the submissions made during the Independent Planning Commission's public hearings, the vast majority expressed support for the Hunter Valley Extension Project. Local government and state government representatives also expressed their support. We are optimistic about obtaining the final required approvals, which would enable Hunter Valley to continue operating for the next 19 years, delivering long-term benefits for our employees, local business partners, regional communities, shareholders, customers, and the New South Wales economy."