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Energybuild has submitted plans to Neath Port Talbot Council to extend Aberpergwm Colliery in Glynneath, which could bring the workforce back up to 290.
Energybuild, the South Wales-based mine operator, is to be acquired by Western Coal Corp of Canada in a £54m deal.
Energybuild is raising £14m in a share issue to expand production at its Aberpergwm coal mine in South Wales.
Energybuild has won permission from Neath Port Talbot Council to extend its Forest Quarry opencast coal mining site.
Energybuild has secured a £2.5m funding deal to support the ongoing expansion of its coal operations in South Wales.
Energybuild is planning to raise £17m in a flotation on Aim to fund the expansion of coal mines in the Neath and Dulais valleys.