Premium coal country open for bids

IN ANOTHER positive sign for the coal sector, the Queensland Government today released 270sqkm of land in the Bowen Basin for exploration, according to the Queensland Resources Council (QRC).

QRC Chief Executive Ian Macfarlane said the announcement was a compelling case for investment into the sector with some of the best quality coal in the world already being exported from the area.

“This is a significant land release with four blocks in the coal-rich Bowen Basin opened up for bids from explorers and it’s the first land release in four years.” Mr Macfarlane said.

“I congratulate the government on this proactive step to encourage more exploration which will not only benefit the coal sector but is good news for local communities and local businesses.

“It has been 15 months since the government appointed its first Resources Investment Commissioner focused on identifying and driving economic opportunities for the sector and local and overseas investors will be interested in these blocks.”

The land will be released nearby existing mines in Middlemount, Cook and Blackwater which are serviced by the Goonyella and Blackwater rail networks.

Queensland’s Exploration Council Chairman Geoff Dickie said certainty is starting to return to exploration.

“It comes at a time when there is increasing confidence in the exploration sector, and opens up some particularly prospective areas,” said Mr Dickie.

www.qrc.org.au

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