Delta SBD will provide technical expertise, personnel and equipment at the mine, as well as manage day to day operations. Wollongong Coal will focus on future approvals, longer-term management and workplace arrangements at the mine.
Wollongong Coal says this arrangement is for an interim period of 2 years. Also, the company’s plan is to start producing coal from July 2016, with the first shipment expected in the current financial quarter.
Wollongong Coal reported a net loss of $181.9 million at 31 March 2016.