August 18, 2016
Moreton Resources – the company hoping to build an open cut coal mine in the Coolabunia / Goodger area – notified the ASX on Thursday that the proposal had been declared a “Coordinated Project” by the State Government.
“This is a significant advancement for the company who (sic) has spent the past few months negotiating a path forward for what is a potentially significant project for the South Burnett region,” Managing Director Jason Elks said in the statement to the ASX.
“A copy of the Initial Advice Statement is available on the company’s website and we encourage the market to view that extensive document.
“This comes on the back of a notification from the Commonwealth Department of Environment and Energy that the project has also been declared a ‘Controlled Action’ as per the application put forward by the fully owned subsidiary Tarong Basin Coal Pty Ltd.
“Both of these initial declarations now allow the company to advance this prospective project.
“It is expected that over the coming 12-24 months, a number of legislative approvals processes will be undertaken and as such, the company will keep stakeholders advised upon its advancements as this process continues.
“The company is seeking to advance this important project while maintaining our fundamental commitment to engage, consult and liaise with the community within the South Burnett and as such will endeavour to continue to progress community consultation and awareness.”
On August 1, Moreton Resources notified the ASX it had lodged the application with the Queensland Coordinator General’s Office.
“This is on the basis that the company believes the size and scale of the project, the investment required, and the positive economic impacts predicted are fitting of the legislative parameters for such a declaration,” Mr Elks said in the ASX statement.
“As such, the company has been in talks since May 2016 with the Department of State Development through the Office of the Co-ordinator-General and the finalised application was submitted in late July 2016.”
External links:
- Coordinated Projects explained
- Tarong Basin Coal (Moreton Resources subsidiary)
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Moreton Resources also released its 2016 Annual Report to the ASX on Thursday. The document can be downloaded here (19Mb PDF)
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