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Springsure Creek Coal Project gets EIS approval

Late Friday, the Queensland Government approved the Environmental Impact Statement (EIS) for Bandanna Energy’s Springsure Creek coal project in Central Queensland.

Bandanna’s Managing Director, Michael Gray, welcomed the approval.

“This decision takes us another step closer to final approval for our Springsure Creek project. The project is one of the few current mining projects in Queensland that is ready to proceed in the immediate future given it has access to existing rail and port capacity.

“We are pleased that our EIS has been approved and we can now move into the final regulatory approval stages for the grant of the mining lease for the mine area. Throughout the EIS process Bandanna Energy has offered substantial commitments to the Queensland Government in relation to the productivity of prime agricultural lands. With the approval of the EIS, we are looking forward to finalising compensation arrangements with landowners and other key stakeholders.”

“The EIS approval also satisfies key investment criteria for many of the potential customers and joint venture
partners we are speaking to in relation to the Springsure Creek project,” added Mr Gray.

With approval of the EIS and the timing of Commonwealth environmental approvals factored into the schedule, commencement of production and exports from the Springsure Creek project remains on track for mid-2015. This schedule is subject to a number of factors, particularly finalisation of regulatory approvals for the grant of MLA70486, project funding and completion of construction of Wiggins Island Stage 1.

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