Paringa Resoucres has announced that it has now begun excavation and site development works at the Poplar Grove mine site area and remains on track for first coal production 12 months from the start of construction.
- Construction begins less than 18 months after the decision to build the low capex and high return 2.8 million tpy Poplar Grove Mine first, followed by the 3.8 million tpy Cypress Mine.
- All major contracts for the development of the Poplar Grove Mine have been awarded on a fixed price basis reducing pricing and timing risk.
The 2.8 million tpy Poplar Grove Mine is located immediately south of the fully permitted 3.8 million tpy Cypress Mine, which both will have low cost barge access to the Green River and utilities located within the Ohio River Market.
Paringa’s Managing Director and CEO, Mr. Grant Quasha, said: “The Paringa team has done an impressive job in completing all technical studies, permitting and financing to begin construction of the Poplar Grove mine less than 12 months from the release of the Scoping Studu results and announcing the decision to build the lower capex Poplar Grove mine first, followed by the permitted Cypress Mine.
“We are very excited to have now begun construction of the low capex and high return Poplar Grove Mine, which has low construction and execution risk given the mine’s location in the heartland of the western Kentucky coal industry and the CHPP has been designed to standard industry configuration for the Western Kentucky No.9 and No.11 seams. The local presence and experience of our contractors and service providers offers additional and readily accessible expertise.”
Read the article online at: https://www.worldcoal.com/mining/08082017/construction-begins-at-poplar-grove-mine/