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 it has reached in-principal agreement with the Indigenous Kairi people on the terms for Cultural Heritage Management Plans at the Springsure Creek Coal Project and the Arcturus Project in the Bowen Basin.
Bandanna Energy Limited (ASX:BND), through its wholly owned subsidiary Springsure Creek Coal Pty Ltd, is pleased to announce that Xenith Consulting has certified resources in the Springton domain totalling 255.9 million tonnes. This Resource comprises Inferred Resources of 109.7 million tonnes and Indicated Resources of 146.1 million tonnes. The new Resource Statement follows the completion of boreholes of the targeted Aries 2 seam since July 2011.
Bandanna Energy Limited (ASX:BND) announces the appointment of highly experienced mining executive Michael Gray to the position of Chief Executive Officer. Mr.Gray's appointment will become effective in the first quarter of 2012 at which time he will join the board of the company as Managing Director.
Bandanna Energy Limited (ASX:BND) is pleased to announce that the South Galilee Coal Project Joint Venture, in which it is a 50% participant together with AMCI (50% and manager), has received the consent of the Wangan and Jagalingou People (W & J People) for all approvals needed to develop the Project and infrastructure corridor.
Bandanna Energy Limited (ASX:BND) provides update on its activities regarding Wiggins Island Port and Bowen Basin developments.
Bandanna Energy Limited (ASX:BND) wishes to advise that the South Galilee Coal Project Joint Venture, of which it is a 50% participant together with AMCI (50% and manager), that it has been unsuccessful in the award of Preferred Respondent status for the T4-9 expansion of Abbot Point as announced by the Northern Queensland Bulk Ports (NQBP) and Queensland State Government today.
As part of Bandanna Energy Limited's (ASX:BND) commitment to ensuring future mining impacts on agricultural lands within the Springsure Creek, Arcturus and Arcadia project locations are minimised, and that these projects capture the spirit of proposed Strategic Cropping Lands legislation that is expected to address issues relating to the co-existence of mining and agricultural activities, we are pleased to make some announcement.
Bandanna Energy Limited (ASX:BND) note the Dow Jones news wire released on Friday 7th October 2011 claiming "a person familiar with the project" had indicated that the Strategic Review process had been terminated. This statement is baseless and we encourage stakeholders to be guided by our announcements released on the ASX and posted onto our web site.
Bandanna Energy Limited (ASX:BND) is pleased to announce that construction of Wiggins Island Coal Export Terminal (WICET) - Stage 1, is to commence following the successful completion of its financing package and tenure arrangements. The new 27 Mtpa capacity terminal will be built adjacent to the existing RG Tanner terminal at Gladstone.
On 17 August 2011 Bandanna Energy Limited ("Bandanna") (ASX:BND) announced its 5 for 16 accelerated non-renounceable entitlement offer ("Entitlement Offer") to raise up to approximately A$133 million. The institutional component of the offer underwritten by UBS, attracted strong demand from Bandanna's existing institutional shareholders and new institutional shareholders and was oversubscribed, raising gross proceeds of approximately A$100 million.
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