aringa Resources Limited is pleased to announce that production ramp-up has begun with the commencement of higher productivity, continuous underground mining operations at the Poplar Grove Mine with Company operated mining equipment and labour. Raw coal is being brought to the surface and has been processed by Poplar Grove's CHPP. The commencement of mining using company operated equipment follows approval from the U.S [...]
Paringa Resources Limited is pleased to advise that it has signed a sales agreement with Big Rivers Electric Corporation for coal sales from its Poplar Grove Mine, totaling up to 1,400,000 tons of coal from 2019 to 2023. The sales agreement with BREC takes Paringa’s total 5-year contracted sales position to 6,800,000 tons, including existing sales agreements with LG&E and KU and OVEC-IKEC.
Paringa Resources Limited is pleased to advise that the Company has intercepted the Western Kentucky Number 9 coal seam with the Poplar Grove primary transportation slope in Western Kentucky. The intersection of the coal seam by the Poplar Grove slope is a material milestone towards the production of coal. Intercepting the coal seam enables the Company to progress to the next phase of mining activities, including bottom [...]
Paringa Resources Limited is pleased to announce that it has appointed Egan J. Antill as Chief Executive Officer & Managing Director, effective from December 12, 2018. Mr. Antill studied Engineering at the University of Queensland and early in his career worked for Mount Isa Mines Ltd and Caterpillar of Australia Ltd. He then completed an MBA at Yale University and spent the next 20 years in investment banking on Wall [...]
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