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The Courier Mail - Finance Business Plus
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October 09
ANDREW Vigar, about as well known in the local mining industry as anyone because of his central role in the Brisbane Mining Club, is heading up a new float to go chasing gold and base metals in the Drummond Basin.
Vigar is chief executive of Drummond Gold, which in late 2005 bought an 808sq km parcel of exploration and mining tenements in the Mt Coolon area west of Mackay and has since spent $2.4 million establishing drill targets and adding 70,000 ounces to gold resources at one prospect, Eugenia. It has also picked up extra ground by buying a couple of prospects from Newcrest.
Drummond is seeking a minimum of $4 million and a maximum of $6 million through the issue of 25c shares.
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WITH accommodation scarce, to say the least, in central Queensland's coal fields, Kevin Maloney's mining camp company MAC Services has signed a deal with Anglo Coal to develop the Middlemount caravan park.
The MAC, as it calls itself, has bought the lease of the 14ha park from Anglo and will immediately take over management of the park, which has 100 caravan sites and 24 newly built self-contained villas.
The MAC has also committed to building 26 new cabins for the exclusive use of Anglo employees, while Anglo has also agreed to lease the 24 villas for contractors and consultants.
As well as more capacity at the Middlemount site, the MAC has another 3750 rooms in four accommodation villages in the Bowen Basin coal province, at Nebo, Dysart, Moranbah and Coppabella.