(EnergyAsia, October 7 2011, Friday) — Australia’s OGL Resources Limited said it has been granted a 15-year renewal on the lease for its Ebenezer coal mine in Queensland state, backdated to November 1 2008.

The ASX-listed company said it received the renewal for the ML 4712 permit on September 16, paving the way for it to re-open the mine.

According to a presentation by the company’s executive chairman Jack Tan last month, Ebenezer has produced a total of 33.6 million tonnes of export-grade thermal coal since 1988, achieving peak output of three million tonnes in 1994.

Having completed its due diligence on the mine and the related Bremer View project, OGL said it will proceed to raise capital with the assistance of its corporate advisor and lead manager Patersons Securities. Details of the capital raising will be released in due course. The two mines have total probable reserves of 13.7 million tonnes.

Zedemar Holdings have granted an extension of six months to May 31 2012, for the settlement of the transaction with OGL and the amendment of settlement comprising A$40 million cash and A$10 million worth of OGL shares at the public offering price.According to OGL company secretary Robert Lees, it is requesting for access to infrastructure to export the coal with a third party provider. Details of the discussion with the infrastructure provider will be announced in due course.