Argo Resources Queensland has employed 275 workers and reopened the New Burton coalmine in Queensland's Bowen Basin, which entered receivership in 2025, ABC reported on 12 November 2026. The company purchased the mine near Moranbah, about 120 kilometres south-west of Mackay, from Bowen Coking Coal in June. It is the fourth mine in which Argo holds a controlling interest, after it acquired a 70 per cent stake in the Broadlea, Carborough Downs and Ironbark mines in March for an undisclosed sum.

Premier David Crisafulli officially reopened the mine that day, saying coal mining had a "bullish future" and that the government had not contributed financial incentives or delayed royalty payments. Argo CEO Richard Livingstone-Blevins said royalties did not deter investment, citing infrastructure, staff and coal at economic strip ratios, and declined to comment on why the previous owners were not profitable. He said Argo planned to mine 10 million tonnes of saleable coal by 2028.