Bandanna aims to secure coal minepartner in Q1Australia's...

Bandanna aims to secure coal mine
partner in Q1
Australia's Bandanna Energy hopes to
secure a joint venture partner for its
Springsure Creek coal project in
Queensland by the first quarter of 2013.
Managing Director Mr Michael Gray told
Reuters on the sidelines of a coal
conference that "We are in talks with a
small group of people and hope to line up
the JV in the first quarter of next year.”
The company is talking to thermal coal
users, he said, to sell a minority stake in the
AUD 700 million mine, which is expected to
produce 5 million tonnes a year at its peak.
The mine, in Queensland's Bowen Basin, is
on track to start producing in the second
half of 2014.