Exploration & development

With the backing of its Chinese partners, Oracle Coalfields continues to make progress towards financial close on its Thar coal support.

Tigers Realm Coal has updated its co-operation agreement with the Chukotka provincial government to develop its Amaam and Amaam North metallurgical coal projects.

Sinohydro has completed the commercial and technical feasibility study for Intra Energy’s Ngaka minemouth power plant in Tanzania.

Jameson has accelerated work on its Crown Mountain project on the back of the recent increase in metallurgical coal prices.

The Department of Planning and Environment has approved a modification application from Idemitsu to construct and operate a borefield.

Paringa Resources has acquired the surface property rights necessary for the construction of its Poplar Grove mine, the new name of its Buck Creek No. 2 asset.

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.