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Intl Coal releases details of prospective thermal coal deposit in western Queensland

Steel News - Published on Wed, 11 Apr 2012

An Australian resource company has released details of a prospective thermal coal deposit in western Queensland.

International Coal has been exploring, as part of its South Blackall project, in an area north west of Charleville.

Mr David Round director of International Coal said that it has also begun talks over the need for infrastructure to support a mining operation.

He says the results of the drilling program show there is potential for a mine development. He added that \"Better than had been projected by our independent geologist at the time. We announced our maiden JORC resource of 728 million tonnes of thermal coal, pending some detailed work on quality, but we are very happy with the results. Potentially it is very suitable for an open-cut mine development in the future.\"

Mr Round says the company is working closely with landholders in the area as part of an ongoing exploration program. He added that \"We also took a consortium of Chinese investors and government officials from China out to the site to talk about potential development, potential infrastructure and their potential involvement in something in the short to medium term.\"

He said that \"There are a number of options for us to look at. If the mine is a very substantial size, it could potentially fund its own rail line through to the coast.\"

Source - ABC.net.au

(www.steelguru.com)

Posted By : admin on Wed, 11 Apr 2012
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