News

Linc set to kiss Teresa goodbye

Linc Energy managing director Peter Bond is upbeat about the sale of coal tenements to fund future energy developments.
Linc Energy managing director Peter Bond is upbeat about the sale of coal tenements to fund future energy developments. Contributed

LINC Energy is committed to the sale of its Teresa coal tenement north of Emerald.

The company's annual report stated it had spent $9 million on exploration drilling in 2011-12.

"This current drill program will more than double the information we currently know about the Teresa coal property, and add a lot of overall value to the project," the report stated.

"Mine infrastructure discussions continue to progress to schedule with providers of port, rail, power, water and accommodation."

The Teresa project is in its environmental impact study phase.

Linc Energy stands to earn $2 a tonne in royalties from its sale of the Carmichael coal tenement, north-west of Clermont, to Indian powerhouse Adani Group.

The price, indexed to CPI, is fixed over the first 20 years of production with the potential to produce 60 million tonnes of coal a year.

Linc has secured a $120 million line of credit with Fortress Investment Group using its Adani royalties and the Teresa tenement as secure assets.

The Carmichael tenement sale funded Linc's core business of clean energy and the purchase of oil and gas assets.


Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

New breed of laws

PAWFECT COMPANION: Isaac dog owners like Curtis Teale, pictured with husky Luca, will need to abide by new breeding laws that start today.

New dog breeding laws throughout Queensland will begin today.

Serving up a tasty fundraiser

YARNS APLENTY: Bush poet Murray Hartin will entertain diners at the Springsure State School's Paddock to Plate 2017 dinner.

Springsure State School is serving up a yummy fundraiser.

Let's seal our future prosperity

KNEE DEEP: Matthew and Bernadette Paine's daughter Grace demonstrates how the heavy traffic load causes incredible wear and tear on Springsure-Tambo Rd.

Region outgrows dirt road

Local Partners

Council sells land for unpaid rates

Several properties will go under the hammer as the Central Highlands Regional Council makes a bid to recoup money owed for unpaid rates.

What to expect at Birds of Tokyo's Ipswich gig

The band will perform at the Racehorse Hotel on Friday.

BAND member Glen Sarangapany talks music, pub grub and doing shoeys

What public holidays are left in 2017

Ipswich residents will get the day off tomorrow for the show.

IPSWICH residents will get tomorrow off for the show

Caitlyn comes home to launch debut album

Gympie's Caitlyn Shadbolt will launch here debut album Songs On My Sleeve at an exclusive all-ages concert in Gympie on Friday, May 26.

Win tickets to Caitlyn's album launch

Model Bella Hadid's see-through dress shocks in Cannes

JUST WHEN you thought you’d all of Bella Hadid’s supermodel figure — she gets her Cannes out on the red carpet of an AIDS gala dinner in France.

No room for morbid fans

Chris Cornell.

Fans want to stay in the hotel room where Chris Cornell died

Star Wars' 1977 Stormtrooper head banger confesses

A Stormtrooper is responsible for the biggest blunder in a Star Wars movie. Picture: Supplied

Man in most famous blooper in Star Wars history breaks silence

Lyn's knock-out show gets her to next round on The Voice

ONWARDS AND UPWARDS: Lyn Bowtell is through to the battle rounds on The Voice.

'It was bitter sweet to win like that'

Is this the talent you get when you limit electronics?

Cassidy Kilburn in the Get the Beat International Dance Competition.

Cassidy, 11, preparing for national dance championships

Dreamworld may supersize with 'Disneyland expansion'

Dreamworld could become a “more attractive and entertaining park”.

Report reveals progress on $319m airport upgrade

Aerials of the Sunshine Coast.Jetstar plane in front of the Susnhine Coast terminal, Sunshine Coast Airport.

Over two dozen government approvals needed for airport expansion

Lost dough leaves sour taste after company collapse

Kathleen and John Mahoney from Sugar and Spice Bakery were stung after the collapse of Cantro Pty Ltd and are still owed money.

Supermarket operator collapse leaves sour taste for bakery

Open for inspection homes May 25-31

Check out this weekend's homes open for inspection

How Toowoomba house prices compare in Australia

For sale sign in front of home.

Here's what $700,000 will buy you in Toowoomba, Brisbane and Sydney

One of Maryborough's most historic homes is still for sale

FULL OF HISTORY: Trisha Moulds is owner of the historic Tinana state known as Rosehill. The beautiful home is currently for sale.

It has been the scene of both joy and tragedies over the years.

Ready to SELL your property?

Post Your Ad Here!