NEW YORK, Nov. 3, 2015 /PRNewswire/ -- HIGHLIGHTS: Final construction bidding process has been completed and Paringa has now received competitive bids for all the major capital items to develop the Buck Creek No.1 Mine, the results of which will be incorporated into the Bankable Feasibility Study ("BFS") Due to the competitive bidding process between a large pool of experienced contractors, there has been a significant reduction in the capital expenditure ("Capex") required to develop the Buck Creek No.1 Mine Based on the final construction bidding process, the current Capex estimate for the Buck Creek No.1 Mine has been reduced to US$106 million. The revised Capex estimate represents a...
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