https://www.miningweekly.com

FIRB clears Jogmec investment in Qld

2nd September 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – The Australian Foreign Investment Review Board (FIRB) has approved Japan Oil, Gas and Metals National Corporation (Jogmec’s) A$3-million investment into ASX-listed Allegiance Coal’s Kilmain coal project, in Queensland.

Under the terms of the joint venture (JV) agreement, Jogmec would spend A$3-million on exploration over a three-year period, in exchange for a 40% interest in the Kilmain project.

The project, which covers some 56 km2, had the potential for an opencut/underground deposit and has an exploration target of between 100-million and 200-million tonnes of coal.

“The approval by FIRB gives the green light for the start by Allegiance Coal of exploration activities at the Kilmain project. First ground work will start within the next ten days,” said Allegiance MD Colin Randall.

“With Jogmec’s participation, we are now able to proceed with the development of one of our major coal projects in Queensland,” he added.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 
SafeQuip
SafeQuip

SafeQuip is a leading distributor and manufacturer of fire safety solutions, offering a comprehensive range of products designed to meet all...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.044 0.754s - 110pq - 2rq
Subscribe Now