https://www.engineeringnews.co.za
Coal|Gas|generation|Mining|Power|PROJECT|Underground|Waste|Power Generation|Power-generation|Waste
Coal|Gas|generation|Mining|Power|PROJECT|Underground|Waste|Power Generation|Power-generation|Waste
coal|gas|generation|mining|power|project|underground|waste-company|power-generation|power-generation-industry-term|waste

Strong support for QPM’s A$19m placement

16th May 2024

By: Creamer Media Reporter

     

Font size: - +

ASX-listed Queensland Pacific Metals (QPM) has successfully completed a A$0.38-a-share placement raising A$19.1-million to drive growth initiatives.

The placement, QPM said on Thursday, was oversubscribed and strongly supported by new institutional and sophisticated investors.  

QPM plans to use A$5-million of the funds raised for an economic feasibility study on the establishment of a new power generation project in Moranbah of up to 300 MW using mine waste gas.

About A$6-million will be used for production growth initiatives, including facilitating the collection and beneficial use of mine waste gas and collecting additional third-party gas supply from nearby underground coal mining clients.

“We are excited at the growth opportunities for the Moranbah gas project and the funds received from this placement will allow us to act on those opportunities ahead of us and generate strong value for shareholders,” said MD David Wrench.

 

Edited by Creamer Media Reporter

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (12/07/2024)
12th July 2024 By: Martin Creamer
Magazine image
Magazine round up | 12 July 2024
12th July 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:2.767 2.826s - 194pq - 2rq
Subscribe Now