Atrum welcomes winds of change in Alberta

18th May 2020

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Coal developer Atrum Coal has welcomed a decision by the Alberta government to repeal the Coal Development Policy for Alberta, saying it represented a significant step forward to the targeted future development of Atrum’s Elan hard coking coal project.

Atrum said on Monday that the repeal of the policy would eliminate the use of coal categories in Alberta, a land use classification system that directed how and where coal leasing, exploration and development could occur.

The ASX-listed company said the removal of the "out-dated" coal categories meant that the coal industry in Alberta would be subject to the same land use policies as other commodities within the province.

“We welcome the decision of the Alberta government to repeal the now heavily outdated 1976 Coal Policy. It is a big step forward for the targeted progression and future development of our flagship Elan hard coking coal project,” said Atrum CEO Andrew Caruso.

“I believe it is important to note that this decision sees absolutely zero loss of integrity with respect to proper environmental process. The Elan project will still be subject to the highly robust and targeted federal environmental approvals process, as well as the full scrutiny of the Alberta Energy Regulator in its future development applications.”

Atrum’s previously completed scoping study over the Elan project considered two development options, namely a 10-million-tonne-a-year run-of-mine (RoM) production and a 7.5-million-tonne-a-year RoM production base case. Over both scenarios, Elan is expected to deliver 126-million tonnes of RoM coal, with a mine life expectancy of between 19 and 15 years.

The base-case production scenario would require a capital investment of $587-million, while the enlarged operation would require an investment of $683-million.

Edited by Creamer Media Reporter

Comments

The functionality 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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION