Mergermarket has reported thatASX-listed coal miner...

Mergermarket has reported that
ASX-listed coal miner Carabella
Resources may finalise a project
funding partner by the end of 2013
for its wholly owned Bluff project
located in Queensland’s Bowen

Basin. Reportedly, Carabella is
negotiating with several interested
parties, considering funding options
such as offtake agreements, project
level interests and debt financing,
with a deal anticipated to be finalised
by early 2014 at the latest. The Bluff
project is is expected to produce
1.2 Mtpa during its 10 year mine
life. Total reserves at the project
have increased by 3.3 Mt to 21.5 Mt
and Carabella reportedly expects to
commence mining in the first half of
2014. A large amount of interest in
the Bluff project is said to have come
from Chinese and Indian parties.

https://www.corrs.com.au/assets/thinking/downloads/Mining-Sector-Update-October-2013.pdf