Australia Middlemount Coal Project Hikes Resource by 68%, Costs by 25%

- March 17th, 2011

Platts reported that Gloucester Coal (ASX:GCL) has increased its resource estimate for the Middlemount coal project in Queensland.

Platts reported that Gloucester Coal (ASX:GCL) has increased its resource estimate for the Middlemount coal project in Queensland.

The market news is quoted as saying:

More than 69 million mt of the run of mine coal reserve is in the proved category, the company said in a statement. The project’s total measured, indicated and inferred coal resource stands at 122.6 million mt.

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