Name and Location
Springsure Creek underground thermal coal project, Queensland, Australia.

Client
Bandanna Energy.

Project Description
Springsure Creek will be an underground thermal coal project, located along the western margin of the Bowen basin.

The project will be developed in stages.

Stage 1 will comprise a single longwall to produce 5.5-million tonnes a year, while Stage 2 will result in the establishment of a second longwall and supporting infrastructure to produce a combined total of 11-million tons a year.

Value
Stage 1 will cost an estimated A$743-million to develop, while Stage 2 is expected to add A$437-million to the project’s total cost.

Duration
Production is scheduled to begin in the first half of 2015.

Latest Developments
Bandanna Energy is facing one less impediment to the development of its Springsure Creek coal project, after a second objection to the project was withdrawn.

In April this year, Bandanna announced that only six objections had been received at the end of the public notification period for the Springsure Creek project’s three mining lease applications.

Of the six objections, three were from directly affected landowners, two from remote landowners in relation to groundwater, and one from a community group.

The company has said it will continue to work closely with the remaining four objectors and aims to resolve the objections within the coming weeks.

The company said that the timing of the construction of the Springsure Creek project remained uncertain, as Bandanna worked to finalise the project approvals and secure the required funding.

The project, which is expected to produce about 5.5-million tonnes a year during its Stage 1 operation, was initially expected to deliver its first coal by mid-2015.
Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Bandanna Energy, tel +61 7 3041 4400, fax +61 7 3041 4444 or email info@bandannaenergy.com.au.