Gloucester Resources Limited (GRL) has today announced details of its proposed community grants program for the Gloucester area, which will provide direct and indirect benefits during and beyond the life of the mine.

The Company has confirmed that a special fund will be established to support initiatives and activities within the community as announced in the recent GRL Newsletter.

The Company’s annual donation to the fund will be at the rate of 50 cents per tonne of product coal sold from the Company’s proposed Rocky Hill Coal project.

At full production capacity this would equate to $875,000 each year.

In addition to the production related grant, should the Project be approved GRL will also:

  • Sponsor up to 3 tertiary education scholarships annually in fields such as mining, engineering, agriculture and environmental science;
  • Assist the provision of enhanced medical services and facilities to the local area. The details of this assistance package will be determined in consultation with local health professionals;
  • Provide trade apprenticeships for local youth at the Rocky Hill Coal Project;
  • Provide competency training and certification on mining related equipment to assist local men and women gain employment in mining or other related fields; and
  • Provide local training and employment for local people through our farming enterprises.

Details of the structure of the fund and its administration will be determined over the next few months in consultation with Council and the community, with the Company’s key objective being funding of initiatives that are considered important to the community as a whole.

Over the same period, the Company will establish a register of local people who express an interest in obtaining employment on the Project. It is expected that the Rocky Hill Coal Project will generate up to 100 jobs during the construction phase and up to 150 jobs when operational.

For further information please contact John Church- Churchcomm 49615677 0414 294944