Glencore will shut its West Wallsend underground coal mine in NSW next year because of a difficult market for coal.
The global mining company blamed the coal market and economic conditions.
The mine is now scheduled to close in mid-2016.
“We appreciate the impact this will have on our employees and their families, as well as the local communities and businesses supported by West Wallsend’s annual spend of almost $200 million across the area,” the company said in a statement.
Glencore closed its mines for three weeks over the Christmas period and announced it would reduce coal production in Australia by 15 million tonnes in 2015, a cut of more than 20%.