New Elk coking coal project, US
Name of the Project
New Elk coking coal project.
Location
The project is located in south-east Colorado, US.
Project Owner/s
Allegiance Coal.
Project Description
A feasibility study has concluded that the New Elk coking coal project is likely in the lowest-cost quartile of the seaborne metallurgical coal market and, more importantly, among the lowest-cost US export coking coal producers by a significant margin.
The entire New Elk coal resource is estimated at 656-million tonnes, of which 268-million tonnes has been declared in accordance with the Joint Ore Reserves Committee Code from just three of the eight coal seams.
Coal will be mined with continuous miners adopting the place-change room-and-pillar method.
Average run-of-mine production is estimated at 2.7-million tonnes, delivering saleable coal of about two-million tonnes a year.
The coal handling preparation plant has a nameplate feed rate of 727 t/h.
The project has a mine life of 23 years.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has a pretax net present value, at an 8% discount rate, of A$1.17-billion and an internal rate of return of 130%.
Capital Expenditure
The project requires startup capital of $28.4-million.
Planned Start/End Date
Not stated.
Latest Developments
Based on the feasibility study, Allegiance Coal intends to expedite completion of the acquisition of the New Elk coking coal project to return it to production in mid-2020.
Key Contracts and Suppliers
Stantec (feasibility study).
Contact Details for Project Information
Allegiance Coal, tel +61 2 9233 5579 or email info@allegiancecoal.com.au.
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