Bandanna Energy Limited
ASX:BND ISIN:AU000000BND8
Bandanna Energy is the only ASX listed company with substantial coal assets in both the Bowen and Galilee basins subject to EIS and advanced mine studies. The company is committed to working constructively with the communities in which it operates, and delivering growing returns to shareholders, government and the community.
Bandanna Energy's Springsure Creek underground thermal coal project is scheduled to commence production in mid-2015. Bandanna is a 14% shareholder in Wiggins Island Coal Export Terminal (WICET) Stage 1 at Gladstone, with port allocation of 4Mtpa for the Springsure Creek Project, and has also secured the necessary infrastructure capacity for the integrated rail haulage of coal from the Springsure Creek Project to port.
News
Bandanna Energy Limited (ASX:BND) is pleased to announce the appointment of David Campbell as Manager - Exploration. David was, from 2006 until January 2010, Vice President - Exploration of Waratah Coal Inc which holds extensive exploration areas in the Galilee Basin, including the China First Project located immediately adjacent to Bandanna's South Galilee Project.
ABN Newswire stocks to watch today include: Carpentaria Exploration Limited (ASX:CAP), Marion Energy Limited (ASX:MAE) (PINK:MAEJF), Murchison Metals Limited (ASX:MMX) (PINK:MUMTF), Bandanna Energy Limited (ASX:BND), Focus Minerals Limited (ASX:FML) and Metallica Minerals Ltd (ASX:MLM).
The following activities have been conducted by, or on behalf of, Bandanna Energy Limited (ASX:BND) and its wholly-owned subsidiaries ("Bandanna") during the three months 1 October to 31 December 2009 ("Reporting Period").
ABN Newswire stocks to watch today include: Image Resources (ASX:IMA)(PINK:IMREF), Carbon Energy Limited (ASX:CNX)(PINK:CNXAF), Kingsrose Mining Limited (ASX:KRM) and Bandanna Energy Limited (ASX:BND).
Bandanna Energy Limited (ASX:BND) is pleased to advise that Wiggins Island Coal Export Terminal ("WICET") has announced the go-ahead for the next phase of development of the terminal at the Port of Gladstone. This follows the execution of a Framework Deed with the Queensland Government and Gladstone Ports Corporation.
Bandanna Energy Limited (ASX:BND) is pleased to announce the appointment of Mr Park Soon IL as a director of Bandanna on 19 November 2009, following the 10% share placement to SAMTAN Aures Pty Ltd, a wholly owned subsidiary of SAMTAN Co., Ltd.
The following activities have been conducted by, or on behalf of, Bandanna Energy Limited (ASX:BND) and its wholly-owned subsidiaries during the three months 1 July to 30 September 2009 ("Reporting Period").
Queensland coal developer, Bandanna Energy Limited (ASX:BND) today gained a leading Korean energy group as 10 per cent shareholder and received A$22.5 million to expedite development of its 100%-owned coal assets.
Bandanna Energy Limited (ASX:BND) is pleased to announce that it has received notification from SAMTAN Co. Ltd ("SAMTAN") that the Board of SAMTAN has approved the A$22.5 million subscription by SAMTAN Aures Pty Ltd for shares in Bandanna (the "Transaction").
Bandanna Energy Limited (ASX:BND) has entered into a share subscription agreement ('Subscription Agreement') with the Korean based SAMTAN Aures Pty Ltd, a wholly owned subsidiary of SAMTAN Co., Ltd ('SAMTAN') to issue 37,532,016 fully paid ordinary shares to SAMTAN, [equating to 10.0% of Bandanna's fully diluted shares on issue post placement] at an issue price of A$0.60 per share, raising A$22.5 million.
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