Third generation farmer Richard Headlam is well aware of the coal seam that runs beneath his Woodbury property in Tasmania's east.
He said he was approached by Midland Energy two years ago, and in no uncertain terms rejected their plan to extract coal from his farm.
"I feel a bit shocked it's reared its ugly head again. We definitely don't want a coal mine here," he said.
The Perth-based company has an exploration licence at Woodbury and Jericho and is trying to raise equity in the United States.
In a media release it told potential investors its tenements contained 89 million tonnes of "export quality, clean coal" that it plans to export to India and Asia.
"After years of successful exploration and feasibility studies, the time is right to embark on the next phase of development to build a privately owned, low-CAPEX, high-profit margin coal mining business," the release says.