moolarben go ahead

Just announced which may explain the sp surge over the last few days. Still waiting for XStrata to be given their marching orders though.

07 September 2007
Australian Stock Exchange
Company Announcements
Level 4
20 Bridge Street
Sydney NSW 2000
FELIX RECEIVES DEVELOPMENT CONSENT FOR THE MOOLARBEN COAL PROJECT
Felix is pleased to advise that the NSW Minister for Planning, The Hon Frank Sartor MP late yesterday issued the development consent for the new Moolarben Coal Project located near Mudgee on the Ulan-Muswellbrook rail line.
Managing Director, Brian Flannery said this is significant milestone towards starting construction of this world class resource.
This approval signifies the Government’s strong support for the company’s project which will create 320 new employment positions in both open-cut and underground mines.
Construction is due to commence in the first half of 2008.
As a part of the development consent conditions Felix has also agreed to contribute several million dollars to upgrading the local road networks.
The approval allows Felix to produce 10 million tonnes of saleable coal per year most of which will be exported through the Port of Newcastle where the existing coal terminal facilities are being expanded and a new terminal is due to commence construction later this year.
Mr. Flannery said, development of Moolarben will benefit all stakeholders, generating local employment opportunities, contributions to NSW through royalties, and increased returns to Felix shareholders.
Contact details for further information
Brian Flannery David Knappick
Managing Director Chief Financial Officer Felix