Whitehaven Coal Limited’s (ASX:WHC) Vickery Coal Project in New South Wales’ Gunnedah Basin has scored a regulatory milestone.
The coal miner says its project application has been approved by the NSW Department of Planning and Environment and Federal Government approvals are not required.
CEO Paul Flynn says the approval is a significant positive step for the company and provides another growth option following the development of its Maules Creek coal mine.
Mr Flynn advises Whitehaven will now seek to form a joint venture for this long life development which is expected to produce Maules Creek quality coal.
The Vickery Coal Project is slated to produce an initial 4.5 million tonnes per annum and was acquired from Coal & Allied in 2010.
Whitehaven Coal reported a net loss of $38.4 million in the 2014 financial year.
