bnd aims to secure coal mine partner in q1

Bandanna aims to secure coal mine partner in Q1

7 hours 23 minutes ago


Reuters reported that 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.

Source – Reuters