While Acacia is advancing the greentape journey for this project, which included filing a mining lease application and environmental authority application to the Queensland government last year, its fate still hinges on what happens with Bandanna Energy, which entered voluntary administration in September.
Bandanna’s Springsure Creek longwall project included building the Triumph Creek train loading facility on Acacia’s tenement under a deal that also gave the Comet Ridge project access to this infrastructure.
As part of its federal environment application, Acacia revealed that development of Comet Ridge depended on feasible coking coal prices and “the firm commitment that the Triumph Creek Train Loading Facilities will be constructed”
The Comet Ridge project is targeting up to 350,000 tonnes per annum of coking and thermal coal production. In terms of run of mine production it is targeting 1.6-1.9 million tonnes per annum.
