Exploration & development

TerraCom has finalised two share placements, raising AUS$2.1 million to help fund the company’s expansion.

The Hume Coal Project has criticised political support for a ban on mining in the area of its proposed coal mine.

Pembroke Resources could start up production at its Olive Downs metallurgical project as early as next year.

Kibo Mining has received the first payment of US$1.8 million from EPC contractor SEPCO III under a new agreement for the development of the Mbeya coal-to-power project.

A petition against the proposed Hume Coal project has garnered enough support to trigger a debate in the New South Wales parliament.

Malabar Coal has completed the first component of an AUS$2 million entitlement offer, raising AUS$1.42 million from institutional investors.

Atrum Coal has entered into a joint exploration agreement with JOGMEC to explore the Panorama North anthracite project in British Columbia.

Pacific American Coal has appointed Hatch to complete a CAPEX study for the Elko metallurgical coal project.

Malabar Coal is aiming to raise AUS$2 million to fund development of its Spur Hill metallurgical coal project. It will also seek to delist from the ASX.

Kibo Mining signs new agreement with SEPCO III on the Mbeya coal to power project, securing cash payment and avoiding equity dilution.

NSW government reaches a commercial agreement with BHP Billiton to buy back the Caroona exploration licence and stop coal mining at Liverpool Plains.

Amended applications for two linked coal projects in the Gloucester area of New South Wales have gone on public display.

Aspire Mining commences the first stage of the rail feasibility study for the Erdenet to Ovoot railway and expects it to be completed by December 2016.

Kibo signs Engagement Letter with Norton Rose Fulbright for its legal services in regard to the development of Kibo’s Mbeya coal-to-power project in Tanzania.

The Peabody-Glencore United Wambo Joint Venture environmental impact assessment has been submitted to the New South Wales Government.