Project F economics improve – Tigers Realm
PERTH (miningweekly.com) – The devaluation of the Russian rouble has allowed ASX-listed coal hopeful Tigers Realm to increase the economics of its proposed Project F, in Russia.
“With Project F’s operating costs largely denominated in roubles, the recent devaluation of the currency has further enhanced what were already extremely attractive project economics in US dollar terms," said Tigers CEO Craig Parry.
The junior on Friday noted that a review of the Project F bankable feasibility study (BFS) had revealed an increase in the net present value (NPV) and internal rate of return (IRR), while the life-of-mine (LoM) average free-on-board (FOB) costs have been reduced.
The fall in the rouble has increased the project’s NPV by 17.4% from $155-million to $182-million, while the IRR increased from 28% to 31%. The LoM average FOB cash cost has been reduced by 8.1% compared with the November BFS, to $62.9/t, while the steady-state FOB cash cost has been lowered by 11.5% to $57.6/t.
The BFS was based on an openpit resource of 14-million tonnes run-of-mine coal, and production has been estimated at around one-million tonnes a year, over a mine-life of 11 years. The project was expected to require a capital injection of some $121.7-million.
Subject to funding, the Project F operation was expected to be in production by the end of 2015.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Sulzer South Africa, established in 1922, partners with critical industries like power, oil & gas, water, mining, and chemicals to boost...
VISIT SHOWROOM
The Steel Tube Export Association of South Africa was established to develop sustainable, internationally competitive carbon steel tube and pipe...
VISIT SHOWROOM
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
