Once operational, the first phase of the Sial Ghoghri mine will produce 9.06 million tonnes of coal with a total contract value of A$249m ($243.6m).
IRL will also be responsible for the construction of all necessary infrastructure as well as mining engineering associated with the mine’s development, and a 24-month construction period has been planned by the companies.
Prism is providing IRL with an advance on the contract to ensure that initial works including drilling and the finalisation of geotechnical reporting is completed as a matter of priority.
