Completes Cultural Heritage Agreement Springsure Creek/Arcturus Project
Brisbane, Feb 27, 2012 AEST (ABN Newswire) - Bandanna Energy Limited (
ASX:BND) is pleased to announce, it has signed two Cultural Heritage Management Plans, one for the Springsure Creek Coal Project and the other for the Arcturus Project in the Bowen Basin, with the indigenous Kairi People. The Plans will provide a framework for Bandanna Energy and the Kairi People to work together to identify and manage cultural heritage whilst facilitating the development of the projects.
Bandanna Energy Managing Director Dr Ray Shaw said the agreements were an important milestone in progressing the company's flagship projects.
"We see this as a significant step in the development of the projects and look forward to working with the Kairi people to further develop the projects in a manner which respects the cultural integrity of the area," Dr Shaw said.
"This is the latest in a series of achievements for Bandanna and I wish to thank the representatives of, and the Kairi People for the very constructive and open approach which have led to the signing of these important agreements" Dr Shaw added.
Under the law, when an Environmental Impact Statement (EIS) is required for a proposed mine, a Cultural Heritage Management Plan (CHMP) must also be developed with the area's traditional owners. The Kairi People are the Aboriginal Party for the majority of the Springsure Creek (EPC 891), the entire MLA area for the Springsure Creek project, as well as a significant portion of the Arcturus EPC.
Bandanna Energy Limited is currently undertaking EIS studies in both Springsure Creek and Arcturus which form part of some 12 100% owned Exploration Permits for Coal (EPC's) in the Bowen Basin.
The Company has an allocation of 4 Mtpa in Stage 1 of the Wiggins Island Coal Export Terminal development, which will see it able to ship first coal from approximately mid 2014.
Contact
Bandanna Energy Limited
Dr Ray Shaw
Tel: +61-7-3041-4400
Andrew Crook
Mob: +61-419-788-431
Email: info@bandannaenergy.com.au
http://www.bandannaenergy.com.au
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