mantle bacchus first bc export from vic, page-5

Just an example of the time frames for a mining license....

In 2007 Xtrata bought the Anvil Hill project.
Mangoola( >1,000Mt coal-sold $468m) ~ A$0.46/t

http://www.longwalls.com/storyview.asp?storyid=118457§ionsource=s89&highlight=hill

At the time of sale only 150mt were proven and the mine is located adjacent to a township similar to BM.

Xstrata Mangoola is approved to extract and process up to 10.5 million tonnes per annum of coal from an undeveloped coal reserve at Mangoola for a period of 21 years from the granting of the mining lease on 20 November 2008

The mine was completed in April 2011 under budget and three months ahead of schedule.

http://bulletin.pbworld.com/volumes/2012_07/mangoola_coal_mine.aspx

Check out Green Germany. Luckily the expansion of BM is away from the township...

"Heuersdorf is a small German town near Leipzig. The entire town is being abandoned as a nearby lignite, or brown coal, mine expands. The community decided to save the 13th-century Emmaus Church and move it to another place. "

http://www.facebook.com/media/set/?set=a.269546086496088.61592.101185376665494&type=3