BMB balamara resources limited

Nowa Ruda Coal mine taking shape.

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    Project reactivation of the mine in Nowa Ruda taking shape. During a press conference at the district office in Kłodzk Australian investor presented the progress of the project coal mine "Nowa Ruda coal coked." So far, all the guidelines are implemented in a timely manner and in accordance with the schedule.


    At first it seemed that the chance of that in the vicinity of Nowa Ruda coal will be mined again is small. Doubts also had the same investor.

    - Everyone I talked to discouraged me to invest in this project for two reasons. Firstly, it was seen as a very dangerous venture and secondly, as a project in which no one had ever earned - said the president of the Australian Capital Group Balamara, Derek Lenartowicz - Lord mayor was not convincing. We came here and met with people who worked directly on the mine, local authorities, geologists. After three or four days I found that you need to examine this issue more deeply, because when it comes to threat outbreaks is contrary to what is commonly believed, it is not a matter of any particular. This type of threat, this type of mining is grown in other parts of the world and it is done quite well and routinely. That is one thing. I was convinced that the deal with this handle and now I'm even more convinced. Last year, we started to drill here, it was a step confirming that it is investing in Nowa Ruda is not thrown money. The potential exists here. Drill quite extensively already almost a year and so far, the information we obtained confirms that this coal is here.

    The plan was to conduct a five wells. The first one was made on 19 November 2013. However, the Company decided to extend the appraisal. Two weeks ago I received a decision extending the concession for the construction of two additional holes.

    - We want to better understand the deposit as these first wells were so promising and interesting, on the other hand also investors and international standards, we forced the additional information - said Andrzej Zibrow, CEO of Coal Holding.

    The size of the deposit is estimated at approx. 107 million tons. The first wells and collected documentation showed that these resources is much more. Today was created digital geological database, which was developed based on a spatial model of the deposit. Audiovisual presentation in 3D system was presented at a press conference.


    - The project is based on the geological documentation and is developing practical, which will be used to build the mine - explained Andrew Zibrow - Acting in harmony with nature, we use its wealth and generate growth in the value of the company. This is a very important mission, because all the time we put the emphasis on nature and the environment. Mining Markets are seen as damaging the environment, we will work in harmony with nature. We are here to generate a profit, and how the company is doing well these are the jobs, local taxes and so on.

    The emphasis was also on safety. We remind that in 1930 in Ludwikowice Kłodzkich underground explosion killed 151 miners. After the tragic event production ceased.

    - We can guarantee the best systems that are currently available in the world - provides the president of the group Balamara - Before his arrival in Polish, I wanted to refresh their knowledge of this topic and see how it looks at the moment the practical side. I visited two coal mines in Australia. One of them produces 3 million tons of coal, the other 4 million tons of coal. These systems, which are currently controlled in the subject of security is routine. It consists in the fact that before you let a man into the ground it is a work station, the environment in which man will be located, will be safe. The implementation of this system costs approx. $ 10 million and later also the additional cost of the production, but that's okay, because it is simply the cost of doing business. One thing is certain, that never, none of my business will not go into any compromise when it comes to safety.

    In the second quarter, the company plans to obtain a license for the operation and within 3-4 years of launch coking coal mine.

    This will be the largest investment in the history of the county Kłodzki and its estimated cost of approx. $ 150 million. It will allow for the creation of approx. 2,000 jobs, which is especially significant whereas 30% unemployment in the municipality of Nowa Ruda.


    For those who like pics please go here.

    http://translate.google.com.au/tran...ch?q=balamara&sa=X&biw=1280&bih=909&tbs=qdr:d
 
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