Canada

Arctos Anthracite Project

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Categories

Overview

Mine TypeOpen Pit
StagePermitting
Commodities
  • Coal (PCI)
Mining Method
  • Truck & Shovel / Loader
Mine Life... Lock

Owners

SourceSource
CompanyInterestOwnership
Fortune Minerals Limited (operator) 50 % Indirect
POSCO International Corp. 50 % Indirect
In May 2015, the Arctos Anthracite Joint Venture (Fortune Minerals and POSCO) announced it had sold its interests in the Arctos coal licenses to BC Rail but the partners maintain the exclusive right to repurchase the licenses for a 10 year period.

Deposit type

  • Sedimentary

Summary:

The anthracite deposits at the Property are part of significant coal measures within the Bowser Basin. This ancient basin formed and filled with sediments eroded from surrounding high land during the late Jurassic to early Cretaceous periods.

The Klappan (Anthracite) Formation sediments are interpreted to have been deposited in a regional, shallow gradient, stable coastal delta (Gulf 1988). The environments of deposition cycled between fluviodeltaic and marine. The coal seam deposition is an extreme of the cycles, with an average of 20 to 30 metres of mudstone, siltstone and sandstone separating the coal seams. The interburden lithology generally consists of laminated mudstone, siltstone and fine-grained sandstone. Occasional deposition of coarse sandstone and conglomerate occurs.

Anthracite seams are encountered on the Arctos Anthracite Property. Anthracite is the highestrank coal under international coal classification standards. Anthracite on the Property occurs in 33 identified seams with individual seam true thickness of up to 11 metres; 28 of the seams have an average true thickness of at least 0.50 metres and contain at least 50 percent coal.

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

CommodityUnitsLOM
All production numbers are expressed as clean coal.

Production Costs

CommodityUnitsEstimated
Cash costs Coal (PCI) CAD 127.61 / t *  CAD
Total cash costs Coal (PCI) CAD 147.36 / t *  CAD
Assumed price Coal (PCI) CAD 184 / t *  CAD
* According to 2012 study / presentation.

Operating Costs

Currency2024
OP mining costs ($/t mined) CAD 5.2 *  CAD
Processing costs ($/t processed) CAD  ....  Subscribe
Total operating costs ($/t processed) CAD  ....  Subscribe
* According to 2012 study.

Project Costs

MetricsUnitsLOM Total
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After-tax Cash Flow (LOM) $M CAD  ......  Subscribe
Pre-tax NPV @ 8% $M CAD  ......  Subscribe
After-tax NPV @ 8% $M CAD  ......  Subscribe
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After-tax IRR, %  ......  Subscribe
After-tax payback period, years  ......  Subscribe

Heavy Mobile Equipment

Fleet data has not been reported.

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Dec 30, 2023

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