Paringa starts development work at second mine
PERTH (miningweekly.com) – Coal hopeful Paringa Resources has started development drilling at the proposed Buck Creek No 2 mine, in the US.
The ASX-listed company in November last year flagged the possible development of a second mine at its Buck Creek complex, which would be funded by cash flow from the 3.4-million-tonne-a-year Buck Creek No 1 mine.
Paringa said on Tuesday that shallow coal seam depth at the planned Buck Creek No 2 mine, and the ability to use planned infrastructure at the adjacent Buck Creek No 1 mine should provide for a low-cost development.
“The Buck Creek No 2 drilling programme will provide additional data that will assist us in engineering design of the planned mine portal as part of the technical study for Buck Creek No 2 mine,” said Paringa CEO David Gay.
“We have an exciting six-month period with the prefeasibility study (PFS) results for Buck Creek No 1 and results from the Buck Creek No 2 mine technical study.”
The PFS for the Buck Creek No 1 mine is due later this quarter.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation