Newspaper article Fraser Coast Chronicle (Hervey Bay, Australia)

New Hope Upbeat on Mine Prospects

Newspaper article Fraser Coast Chronicle (Hervey Bay, Australia)

New Hope Upbeat on Mine Prospects

Article excerpt

Byline: MAT NOTT

NEW Hope Coal ramped up its public relations offensive on the Fraser Coast yesterday with a series of meetings and a consultation with Wide Bay MP Warren Truss to discuss issues surrounding the development of Colton coal mine.

New Hope Coal chief financial officer Shane Stephan remained upbeat about the prospect of getting the State Government to give the mine the go-ahead.

The Department of Resource and Environment is examining New Hope's environmental management plan.

If satisfied with this report, DERM could be expected to usher the proposal through to the next phase of the approval process, as early as February next year.

Even with the prospect of a federal mineral resource rent tax in the offing, Mr Stephan said the Colton mine, 8km from Maryborough, would still go ahead.

aWe will be subject to the (tax) but it will not materially change our view of the Colton mine,a Mr Stephan said.

aIt has coloured our overall view, but of this project a no. …

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