Wollongong Coal Ltd
(ASX:WLC) has signed a Mining Services Agreement with Delta SBD Ltd in relation to its coal mine at Wongawilli, NSW.
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.
