Balamara announces maiden resource in Poland
PERTH (miningweekly.com) – Coal developer Balamara Resources has announced a maiden 1.2-billion-tonne Joint Ore Reserves Committee-compliant resource for its Sawin thermal coal project, in Poland.
The resource was compiled from 52 historical drill holes.
MD Mike Ralston said on Monday that the delineation of a resource for Sawin represented a major achievement for the company, and added scale to Balamara's coal asset portfolio in Poland, while demonstrating attractive long-term growth options.
The Sawin project represented a substantial future growth opportunity for Balamara, the company said, alongside two other Polish coal assets, Mariola and Nowa Ruda. The Mariola project was expected to be the flagship production operation, and would be in production by the end of 2016.
The coal resource from Sawin would form the basis for a prefeasibility study at the project, which would start immediately, and would likely be completed by the second quarter of 2015.
“While the Mariola project remains our priority development opportunity, the sheer size and scale of the opportunity at Sawin clearly warrants further work to establish the commercial rationale for an operating mine there, and the overall value this asset can deliver for Balamara at some future stage,” said Ralston.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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















