United States

Cypress Project

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Categories

Overview

Mine TypeUnderground
StatusInactive / Suspended
Commodities
  • Coal (thermal)
Mining Method
  • Room-and-pillar
  • Continuous
Mine Life... Lock
SnapshotCypress Project is a part of Buck Creek Complex.

Cypress is the fully permitted, shovel ready project.
Related AssetPoplar Grove

Owners

SourceSource
CompanyInterestOwnership
Paringa Resources Ltd. Indirect
Hartshorne Mining LLC Indirect
In February 2021, the United States Bankruptcy Court for the Western District of Kentucky confirmed Hartshorne’s plan of liquidation. In February 2021, the plan of liquidation became effective, and Hartshorne commenced the final stages of winding up the estates.

Hartshorne executed a liquidation trust agreement and transferred its remaining assets and liabilities to a liquidation trust, as well as assigning remaining critical contracts and insurance policies. Hartshorne funded the carve-out escrow with the majority of Hartshorne’s cash-on-hand and transferred any remaining cash to the liquidation trust. The Hartshorne entities were dissolved on the effective date. The remaining assets will be liquidated by the trustee over time.

Deposit type

  • Sedimentary

Summary:

The Buck Creek Mining Complex of Cypress (Buck Creek No.2 Mine) coal resource is in the WK No. 9 coal seam approximately 650 feet below the surface at the proposed mine portal site. The coal seam is flat lying with a modest dip of 2 to 3 degrees generally to the northwest and toward the centre of the bowl-shaped Illinois Coal Basin. Thickness of the WK No. 9 coal seam modelled in the CRE averages approximately 3.8 feet (46 inches), a suitable seam thickness for high- productivity underground mining with approximately 0.7 feet (8 inches) of out-of-seam mining needed to achieve an average mining height of 4.5 feet (54 inches) required for equipment clearance. Seam and mining heights are similar to a number of underground mines in the region.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

Milling equipment has not been reported.

Processing

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Production

CommodityUnitsAvg. AnnualLOM
All production numbers are expressed as clean coal.

Operational metrics

Metrics
Annual mining rate 5.1 M tons of ROM coal *
Total tonnes mined, LOM 86.3 M tons of ROM coal *
* According to 2017 study.

Production Costs

CommodityUnitsAverage
All-in costs Coal (thermal) USD 27.4 / ton *  
* According to 2017 study / presentation.

Project Costs

MetricsUnitsLOM Total
Initial CapEx $M USD  ......  Subscribe
After-tax NPV @ 8% $M USD  ......  Subscribe

Heavy Mobile Equipment

Fleet data has not been reported.

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