Bandanna Energy Limited (ASX:BND) Appoints Peter Binnie As Infrastructure Manager

Bandanna Energy Limited (ASX:BND) is pleased to announce the appointment of Mr Peter Binnie as Manager - Infrastructure.

With more than 35 years industry experience, Mr Binnie will be an important addition to Bandanna's senior management as it moves from an explorer to a coal producer. Peter Binnie has worked in project management, mechanical and electrical engineering in the coal and metals sector. Most recently he was Vice President - Project Development for Waratah Coal in the development of its Galilee Basin project, located immediately to the north of Bandanna's South Galilee Project. Previously Peter Binnie has served as Engineering Manager for Carborough Downs Coal Management and as Project Development Manager with Xstrata (LON:XTA) (PINK:XSRAY) at its Macarthur River mine.

Bandanna Energy Limited's Managing Director Dr Ray Shaw said "The addition of Peter to our management team will greatly facilitate our transition from explorer to producer through the development of our Dingo West, South Galilee and Golden Triangle Projects all of which are currently in prefeasibility".

Mr Binnie's appointment follows Bandanna Energy's inclusion in Stage 1 of the proposed Wiggins Island Coal Export Terminal (WICET) development at Gladstone giving Bandanna access to a 4 million tonnes per annum port allocation from early 2014.

Bandanna has JORC compliant resources exceeding 1.4 billion tonnes in its project portfolio including over 700 million tonnes in the Bowen Basin.

About Bandanna Energy Limited

Bandanna Energy Limited (ASX:BND) is uniquely positioned to become Australia's next coal producer. The company's core activities are exploration, project evaluation and development of thermal and PCI coal assets located in Queensland, Australia.

Bandanna Energy is the only ASX listed company with substantial coal assets in both the Bowen and Galilee basins subject to EIS and advanced mine studies. The company is committed to working constructively with the communities in which it operates, and delivering growing returns to shareholders, government and the community.

Bandanna Energy's Springsure Creek underground thermal coal project is scheduled to commence production in mid-2015. Bandanna is a 14% shareholder in Wiggins Island Coal Export Terminal (WICET) Stage 1 at Gladstone, with port allocation of 4Mtpa for the Springsure Creek Project, and has also secured the necessary infrastructure capacity for the integrated rail haulage of coal from the Springsure Creek Project to port.

 

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