Mon Aug 20, 2012
BRISBANE Aug 20 (Reuters) - Australia's Bandanna Energy hopes to secure a joint venture partner for its Springsure Creek coal project in Queensland by the first quarter of 2013, its chief executive said on Monday.
"We are in talks with a small group of people and hope to line up the JV in the first quarter of next year," Managing Director Michael Gray told Reuters on the sidelines of a coal conference.
The company is talking to thermal coal users, he said, to sell a minority stake in the $700 million mine, which is expected to produce 5 million tonnes a year at its peak.
The mine, in Queensland's Bowen Basin, is on track to start producing in the second half of 2014.
(Reporting by Narayanan Somasundaram; Editing by Richard Pullin)
BRISBANE Aug 20 (Reuters) - Australia's Bandanna Energy hopes to secure a joint venture partner for its Springsure Creek coal project in Queensland by the first quarter of 2013, its chief executive said on Monday.
"We are in talks with a small group of people and hope to line up the JV in the first quarter of next year," Managing Director Michael Gray told Reuters on the sidelines of a coal conference.
The company is talking to thermal coal users, he said, to sell a minority stake in the $700 million mine, which is expected to produce 5 million tonnes a year at its peak.
The mine, in Queensland's Bowen Basin, is on track to start producing in the second half of 2014.
(Reporting by Narayanan Somasundaram; Editing by Richard Pullin)
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