Bandanna Energy was the only ASX listed company with substantial coal assets in both the Bowen and Galilee basins subject to EIS and advanced mine studies. The Company is committed to working constructively with the communities in which it operates, and delivering growing returns to shareholders, government and the community.
Bandanna energy went into voluntary administration in Sept 2014. This site is now being used as a resource for articles relating to energy.
The Company’s Springsure Creek underground thermal coal project is scheduled to commence production in mid-2015. Bandanna is a 14% shareholder in Wiggins Island Coal Export Terminal (WICET) Stage 1 at Gladstone, with port allocation of 4Mtpa for the Springsure Creek Project, and has also secured the necessary infrastructure capacity for the integrated rail haulage of 4Mtpa coal from the Springsure Creek Project to port.
As at 30 June 2014, Bandanna had 7,572 shareholders and a total of 528,481,199 ordinary fully paid shares on issue. The top three shareholders by volume of shares in the Company were DJ Mining Pty Ltd (16.62%), Resolve Geo Pty Ltd (11.89%) and Samtan Aures Pty Ltd (10.67%).
DINGO WEST COAL PROJECT
The Dingo West Coal Project (EPC 881; MLA 80180) involves the development and operation of a new open-cut mine that will export pulverised coal injection (PCI) and high energy thermal coal. The Project is located west of the township of Dingo where it occupies a convenient position close to key infrastructure including the main Blackwater-Gladstone rail line.
THE SOUTH GALILEE COAL PROJECT
Alpha Coal Management Pty Ltd, on behalf of AMCI (Alpha) Pty Ltd (AMCI) and Alpha Coal Pty Ltd (Bandanna) are pursuing the establishment of a thermal coal mine on their tenements in the southern part of the Galilee Basin. The coal will be exported.
The development of SGCP consists of an initial 3 Mtpa truck and shovel open cut development with coal exported through the Port of Gladstone.
- Initial 3 Mtpa development will utilise existing Alpha-Emerald-Blackwater rail system through the Port of Gladstone.
- Minimal rail line upgrades required as development will utilise new age rolling stock which reduces axle loads.
SGCP then has the ability to expand to 〜15 Mtpa in the longer term once market demand and greenfield rail infrastructure has been developed.
- 〜15 Mtpa expansion case is a large scale 〜5 Mtpa open cut operation utilising draglines and concurrent 〜10 Mtpa underground dual longwall operation.
- The expansion relies on third party access to a new railway to Abbot Point, port capacity at Abbot Point and the provision of an external power and water supply in conjunction with the other southern Galilee Basin mining proponents.
The SGCP is located south-west of the township of Alpha, approximately 180 kilometres west of Emerald.
The SGCP thermal coal is at depths suitable for both open cut and underground mining. The proposed mine life is 33 years.