Coal boss resignation will see transition plan at Bundaberg

THE boss of a coal company with plans to develop an underground coal mine near Bundaberg has resigned, citing health problems.

International Coal - which wants to build the Bundaberg Mine north-west of the town - told the ASX on Monday chief executive Glenn Simpson would leave as of June 6.

Billionaire mining heiress Gina Rinehart's Queensland Coal Investments has a 25% stake in the Bundaberg project.

In a brief missive to the exchange, International executive director Hugh Dai said he wished Mr Simpson all the best.

A transition plan would be put in place by Mr Simpson before he departs.

In March, Mr Simpson said he hoped the mine could be under construction within three years.

He intended it to mine for at least 10 years but ideally twice that.

The project has faced community criticism with 60 landholders protesting the planned development in January.

Mr Dai and Mr Simpson did not return calls on Monday.

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