Atrum to get its foot in the door with anthracite deal
JOHANNESBURG (miningweekly.com) – ASX-listed Atrum Coal has secured the supply of up to 100 000 t of anthracite though an option agreement with Atlantic Carbon Group (ACG) to its target customers in Europe, South America and Asia.
The two parties will share profits generated by the sale of anthracite on a 50:50 basis, with the profits being determined after each of Atrum and ACG recover all their respective costs on production and transportation of the clean anthracite.
The agreement will also allow Atrum to start selling anthracite into export markets prior to the development of its flagship Groundhog North mining complex, in British Columbia, Canada.
Atrum CEO Bob Bell noted in a statement on Thursday that this was a significant step in the development. “Having product to sell into undersupplied markets will assist us to secure our positions in the anthracite supply market while we develop Groundhog North and potentially expand our supply option.”
Subject to specified pricing hurdles, ACG will make up to 100 000 t of anthracite available at its site in Pennsylvania, in the US.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation