https://newsletter.mw.creamermedia.com
Coal|Gas|generation|Mining|Power|PROJECT|Underground|Waste|Power Generation|Power-generation|Waste
Coal|Gas|generation|Mining|Power|PROJECT|Underground|Waste|Power Generation|Power-generation|Waste
coal|gas|generation|mining|power|project|underground|waste-company|power-generation|power-generation-industry-term|waste

Strong support for QPM’s A$19m placement

16th May 2024

By: Creamer Media Reporter

     

Font size: - +

ASX-listed Queensland Pacific Metals (QPM) has successfully completed a A$0.38-a-share placement raising A$19.1-million to drive growth initiatives.

The placement, QPM said on Thursday, was oversubscribed and strongly supported by new institutional and sophisticated investors.  

QPM plans to use A$5-million of the funds raised for an economic feasibility study on the establishment of a new power generation project in Moranbah of up to 300 MW using mine waste gas.

About A$6-million will be used for production growth initiatives, including facilitating the collection and beneficial use of mine waste gas and collecting additional third-party gas supply from nearby underground coal mining clients.

“We are excited at the growth opportunities for the Moranbah gas project and the funds received from this placement will allow us to act on those opportunities ahead of us and generate strong value for shareholders,” said MD David Wrench.

 

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Sulzer Pumps (SA) (Pty) Ltd
Sulzer Pumps (SA) (Pty) Ltd

Sulzer South Africa, established in 1922, partners with critical industries like power, oil & gas, water, mining, and chemicals to boost...

VISIT SHOWROOM 
Hanna Instruments (Pty) Ltd
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

FAM Minerals & Mining South Africa team
FAM Minerals & Mining launches in South Africa
30th January 2026 By: Darren Parker
Transnet, RBCT, Exxaro manganese make headlines
Transnet, RBCT, Exxaro manganese make headlines
30th January 2026
Magazine cover image
Magazine round up | 30 January 2026
30th January 2026

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.155 0.241s - 129pq - 2rq
Subscribe Now