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BRIEF-Indus Coal updates on suspension of securities

Published 15/03/2017, 11:56 am
© Reuters.  BRIEF-Indus Coal updates on suspension of securities

March 15 (Reuters) - Indus Coal Ltd ICZ.AX

* BMC (indus 38%) has received approaches from domestic and international offtake parties seeking long term security of supply

* Securities remain suspended pending release of announcement regarding status of potential development of block 9 on or before 15 June 2017

* Outcome of BMC's pln submission in relation to the construction of a coal fired steam power plant (CFSPP) remains unresolved

* Renewed interest prompted discussions with financing parties to create pathway for commencement of development at co's block 9 tenement Source text for Eikon: ID:nASX2pjQBv Further company coverage: ICZ.AX

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