White Energy moves on South Galilee coal project - Industry Queensland

White Energy moves on South Galilee coal project - Industry Queensland

White Energy has reached a deal to acquire the South Galilee coal project from the AMCI Group for $500,000 plus milestone and royalty payments of up to $19.5 million. It fits the company's strategy of building a 100Mtpa Queensland thermal coal empire, according to White Energy (ASX: WEC) executive chairman Nathan Tinkler. The South Galilee site, about 11km west-south-west of Alpha, is earmarked for an open-cut and underground thermal coal operat…