Bandanna Energy Looks for Funding to Develop Bowen Basin Coal
Bandanna Energy is looking for new partners to help fund the development of its coal mines in Bowen Basin.
The Brisbane based company is currently engaged in discussion with many possible joint venture partners for its projects in Queensland. The company will need major project capital funding as per an announcement it made on 23 Dec 2011.
The need for additional funds in part comes from the upgrade of resources at the Sprinton domain at the Springsure Creek tenement. The company has a JORC Total Resource inventory of 1,620.5 million tonnes. This includes 1,031.5 million tonnes of Resources identified within Bandana Energy’s 100% owned Bowen Basin tenements.
It also includes a net 589 million tonnes, represents Bandana Energy’s 50% share of total resources identified within tenements of the South Galilee Coal Project. With such a vast inventory Bandana Energy is positioned as one of the biggest coal explorers and developers on the Australian Securities Exchange.
Bandanna Energy also said that with a four MTPA port allocation in Stage 1 of the Wiggins Island Coal Export Terminal in Gladstone, Bandanna has a clear pathway to significant coal production commencing in 2014. In addition the Company has conventional oil and gas exploration interests in the Cooper Basin of South Australia and Queensland and mineral exploration licenses, primarily for oil shale in Queensland.
Written by
Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.
Please use one of the following formats to cite this article in your essay, paper or report:
APA
Scanlon, Joel. (2019, March 19). Bandanna Energy Looks for Funding to Develop Bowen Basin Coal. AZoMining. Retrieved on February 02, 2026 from https://www.azomining.com/News.aspx?newsID=5688.
MLA
Scanlon, Joel. "Bandanna Energy Looks for Funding to Develop Bowen Basin Coal". AZoMining. 02 February 2026. <https://www.azomining.com/News.aspx?newsID=5688>.
Chicago
Scanlon, Joel. "Bandanna Energy Looks for Funding to Develop Bowen Basin Coal". AZoMining. https://www.azomining.com/News.aspx?newsID=5688. (accessed February 02, 2026).
Harvard
Scanlon, Joel. 2019. Bandanna Energy Looks for Funding to Develop Bowen Basin Coal. AZoMining, viewed 02 February 2026, https://www.azomining.com/News.aspx?newsID=5688.
We're committed to providing free access to quality science. By registering and providing insight into
your preferences you're joining a community of over 1m science interested individuals and help us to
provide you with insightful content whilst keeping our service free.
or
Terms
While we only use edited and approved content for Azthena
answers, it may on occasions provide incorrect responses.
Please confirm any data provided with the related suppliers or
authors. We do not provide medical advice, if you search for
medical information you must always consult a medical
professional before acting on any information provided.
Your questions, but not your email details will be shared with
OpenAI and retained for 30 days in accordance with their
privacy principles.
Please do not ask questions that use sensitive or confidential
information.
Read the full Terms & Conditions.