Paringa Resources Limited (ASX:PNL, NASDAQ:PNRL) is a US-based producer of low cost, high quality thermal coal in the Illinois Coal Basin. Paringaâs Buck Creek Mine Complex includes the Poplar Grove Mine (2.8 Mtpa ) which commenced operations in December 2018, as well as the undeveloped Cypress Mine (3.8 Mtpa). Paringa is currently focused on ramping up the Poplar Grove operation to nameplate capacity, and is assessing future development options for the Cypress Mine. Since 2008, Paringa and its subsidiaries have secured over 300 individual leases covering an area totaling approximately 41,000 acres.
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