Huguenot coal project, Canada
Name of the Project
Huguenot coal project.
Location
The property is located in north-east British Columbia, in Canada.
Project Owner/s
Colonial Coal.
Project Description
The updated preliminary economic assessment (PEA) on the project supports a level of confidence in the project’s potential to become a standalone operation. The project is based on conceptual openpit and underground mine plans targeting 122.3-million run-of-mine (RoM) tonnes of resource, with a yield of 73%, producing 89.3-million tonnes of clean coal over a mine life of 31 years.
The conceptual mine plan targets 56-million RoM tonnes of resource at an average stripping ratio of 8.6 :1, while the conceptual underground mine plan targets an additional 66-million RoM tonnes of resource.
The openpit is projected to operate during Years 1 to 14 while the underground mine will operate during Years 3 to 31, with both mines operating simultaneously during Years 3 to 14.
In full mine operation, projected clean coal production from combined surface and underground mining operations ranges from 1.4-million tonnes a year to 5.9-million tonnes a year, and averages about three-million tonnes a year.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has an after-tax net present value, at a 7.5% discount rate, of $1.17-billion and an internal rate of return of 33%, with a payback of five years from the start of operations.
Capital Expenditure
Preproduction costs are estimated at $661-million.
Planned Start/End Date
Not stated.
Latest Developments
None stated.
Key Contracts and Suppliers
Stantec Consulting Services (PEA).
On Budget and on Time?
Not stated.
Contact Details for Project Information
Colonial Coal, tel +1 604 568 4962.
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