TransAlta Corp. says it would finish mining operations at its Highvale coal mine by the top of 2021 and can cease utilizing coal to energy its mills in Canada efficient Jan. 1, 2022.
Positioned south of Wabamun Lake, Alta., about 70 kilometres west of Edmonton, Highvale Mine is one among three TransAlta-owned floor coal mines.
In keeping with the corporate web site, it’s Canada’s largest floor strip coal mine and covers greater than 12,600 hectares. The mine has been in operation since 1970.
TransAlta chief govt Daybreak Farrell stated the closing will come 4 years forward of its authentic off-coal schedule for the mine.
The corporate stated its Keephills Unit 1 and Sundance Unit four will cease utilizing coal and can solely function on fuel.
The announcement got here as TransAlta reported a loss attributable to frequent shareholders of $136 million or 50 cents per diluted share for the quarter ended Sept. 30 in contrast with a revenue of $51 million or 18 cents per diluted share in the identical quarter a 12 months earlier.
Income for the quarter totalled $514 million, down from $593 million in the identical quarter final 12 months.
TransAlta has electrical energy technology property in Canada, america and Australia.