Coal explorer Bandanna Energy is hoping to get funding to develop its mines in Queensland's Bowen Basin as it pursues discussions with a number of third parties.
The company said it terminated a formal review that was being undertaken with investment bank UBS in 2011.
The Brisbane-based company said on Wednesday that interest by a number of third parties, "particularly in joint venture participation in key Bowen Basin projects", will now continue via discussions outside the "formal, competitive process".
"... The outcome of these discussions is expected to provide funding solutions for major project capital expenditure," the company said in a statement.
Business Spectator
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