BMB balamara resources limited

Closer and closer to mine coal in Nowa Ruda

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    First hole made ​​by the Australian investor is very optimistic. Coal is more than expected and is of good quality. Company project has produced several million.
      

    What at first seemed to be another pipe dream, now takes on a shape.Hoalding Coal Company (representing the Australian company in Poland Balamara Resources) has taken the first, nearly kilometer borehole in Ludwikowice Kłodzkich. The concession is for the next four, which will be ready by the end of the year. Additionally, the company also wants to get permission for two further wells.
    - First results show that carbon may be more - says the director of Coal Holding, Andrew Zibrow.
    More than 100 million tons, which according to documents currently assessed in Ludwikowice bed. The exact number will be announced at the end of this year.Besides, it is important to not only the amount of carbon, but also the conditions of exploitation.
    - Cooperate with the Central Mining Institute, which makes us an analysis of coals and rocks. First of all, check the power of the raw material. The Institute also makes us EIA report on an annual basis. It is very important and necessary for environmental decision - explains Zibrow.
    In all Australians can now invest even ten million. The lion's share of this amount took access to geological information as well as keeping the same wells. A lot of cost as a subcontractor. For example, the so-called balance of resources for future mine in Ludwikowice doing business the way from Manchester.
    Investor announces that the mine will be. To complete the preparatory procedure itself, however, still far away. It should, among others. summarize wells, develop geological documentation, prepare the deposit development project and get a positive environmental decision. Only then can apply for a mining license. Coal Holding wants to do it next year.
    In the first announcements talked about employment opportunities from 1.5 to 2,000 people. For now, these data have not changed.
    - Mine gives opportunities for employment, but also to reverse the trend of young people exiting from the region - has a Mayor of Nowa Ruda, Slawomir Karwowski.
    In the autumn, the company has to present three-dimensional model of the deposit and the mine itself.

    http://translate.google.com.au/tran...ch?q=balamara&sa=X&biw=1280&bih=911&tbs=qdr:d
 
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Currently unlisted public company.

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