Skip to main content

Termination of Triumph Creek agreements

Published by
World Coal,

The Triumph Creek Operating and Infrastructure Development Agreements between Acacia Coal and Bandana Energy subsidiary, Springsure Creek Coal (SCC), have been terminated following the decision to liquidate of Bandana Energy.

Acacia Coal said it was “disappointed” that the Triumph Creek agreements would not be completed but said that the terminal was “not unexpected.” The company said it would not seek other avenues in respect to the project.

The terminal of the Triumph Creek agreements also allows Acacia the opportunity to seek to withdraw its consent to the grant of the SCC Mining Lease Application over the neighbouring Comet Ridge project in Queensland’s Bowen Basin.

“Acacia will pursue this in an expeditious manner so as to allow it to refocus on seeking alternative opportunities to crease value for shareholders,” the company said.

Edited by .

Read the article online at:

You might also like


VGK automates the work of mining foreman

Vostochnaya Mining Co. plans to strengthen control over the quality of mining operations in the field of industrial safety at the Solntsevsky coal mine.


Embed article link: (copy the HTML code below):