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Aussie coal firm still keen on Canonbie site

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By Lisa Barbour
Annan and Eskdale
Aussie coal firm still keen on Canonbie site

A MAJOR mining project is set to resume on the Canonbie coalfield once crashing coal prices show signs of improvement.

Australian mining company New Age Exploration Ltd reported in May that they had temporarily ceased operations under their sister company Lochinvar Coal Ltd, and their office at Kirtlebridge has also closed until such times as site based exploration activities resume.
But the company’s managing director Gary Fietz has just returned from a visit to the border site, where he provided reassurance to those backing the bid.
He also met with landowners, community representatives and local protest group CRACD to answer questions and worked alongside recently appointed community liaison officer Stuart Campbell.
Exploration manager Donna Sheehy, who has also returned to Australia, this week said: “Gary completed an inspection of all the previous drilling programme sites to check on rehabilitation, which he reported had worked so well he was unable to find drill hole locations without a GPS.
“He also used the opportunity to meet with potential investors and steel industry customers along with providing an update to Buccleuch Estates.”
She added: “These meetings aimed to ensure everyone understood we would be back in action again when timing was right and the Lochinvar project was simply slowed for the time being.
“While we await resurgence in the coking coal sector NAE have been undertaking a strategic review of our Redmoor project in Cornwall and reviewing opportunities in other commodities around the world.”

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