Following consultation with community members, the Central Highlands Regional Council and the Queensland Government, Springsure Creek Coal had developed the application, where the layout and design of the proposed revised mine plan was determined.
Bandanna Energy MD Michael Gray commented that the large scale, greenfield thermal coal project has port and rail capacity facilities under construction.
"Despite challenging conditions in current coal markets, Bandanna is well placed, with a strong cash position and ongoing discussions with project partners, to enable the project to be developed and commence production in a period when forecasters predict significant further demand for thermal coal.
"Whilst existing coal producers are scaling back current operations, Bandanna remains focused on progressing development of the Springsure Creek Project to take advantage of anticipated improved market conditions from 2015 and beyond," Gray added.
Springsure Creek Coal will now hold discussions to forge potential partnerships in order to finance the project in December 2012.
