coalworks has the asset but extracting the coal will be a problem i think. all the locals want it to go ahead. but they must get all the facts.ie environment issues will be a decider thats why next door mine hasnt started yet. from the same report the mine deatering operation is expected to produce 60-80ML/day on a long term basis they were going to used dewatering of the mine for the power station prefered method of disposal involves the reinjection of the waste water into the aquifer sands in the general area to the north or north west of oaklands or they may used evaporation ponds on the power station site or inject saline stream at considerable depth. i think this is near coalworks leases what to do with this water? since oaklands is the flagship of the company this is a major issue on the plus size large amounts of coal in the area that mine has a 30 year life annual rate of 10.5 million tonnes economic reserves over 1000 million tonnes area involved is 5km in length by 3kilometres in width now add coal works reserves lots of coal
CWK Price at posting:
80.6¢ Sentiment: Sell Disclosure: Not Held