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Canada
Arctos Anthracite Project

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 Location:
82 km SE from Tatogga, British Columbia, Canada

  Project Contacts:
617 Wellington Street
London
Ontario, Canada
N6A 3R6
Phone  ...  Subscription required
Fax(519)-858-8155
EmailEmail
WebsiteWeb
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  • Overview
  • Owners
  • Geology
  • Mining
  • Processing
  • Production
  • Reserves
  • Costs & Financials
  • Personnel
  • Filings & News

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Overview

StagePermitting
Mine TypeOpen Pit
Commodities
  • Coal (PCI)
Mining Method
  • Truck & Shovel / Loader
Mine Life25 years (as of Jan 1, 2012)


Owners

Source: p. 4,5
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.

Contractors

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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.


Mining Methods

  • Truck & Shovel / Loader


Summary:

Primary mine rock stripping will be conducted with hydraulic shovels loading trucks for haulage to the mine rock storage facilities or for in-pit placement. Backhoe excavators will remove top wedge rock material, coal and rock partings. Blasting operations will be limited to mine rock; the coal seams themselves will not be blasted.


Crushing and Grinding


Processing

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Summary:

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Projected Production:

CommodityUnitsLOM
Coal (PCI) kt 69,242
All production numbers are expressed as clean coal.

* According to 2012 study.

Reserves at November 28, 2012:

CategoryTonnage CommodityYield
Proven 64,400 kt Coal (PCI) 55.4 %
Probable 4,800 kt Coal (PCI) 55.4 %
Proven & Probable 69,200 kt Coal (PCI) 55.4 %
Measured 95,130 kt Coal (PCI) 55.4 %
Indicated 9,835 kt Coal (PCI) 55.4 %

Commodity Production Costs:

CommodityUnits
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.
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Operating Costs:

Units2022
OP mining costs ($/t mined) CAD 5.2 *
Processing costs ($/t processed) CAD  ......  Subscription required
Total operating costs ($/t processed) CAD  ......  Subscription required
* According to 2012 study.
Subscription required - Subscription is required.

2012 Study Costs and Valuation Metrics :

MetricsUnitsLOM Total
Initial CapEx $M CAD  ......  Subscription required
Sustaining CapEx $M CAD  ......  Subscription required
Total CapEx $M CAD  ......  Subscription required
Total OpEx $M CAD  ......  Subscription required
Income Taxes $M CAD  ......  Subscription required
Royalty payments $M CAD  ......  Subscription required
Gross revenue (LOM) $M CAD  ......  Subscription required
EBITDA (LOM) $M CAD  ......  Subscription required
Pre-tax Cash Flow (LOM) $M CAD  ......  Subscription required
After-tax Cash Flow (LOM) $M CAD  ......  Subscription required
Pre-tax NPV @ 8% $M CAD  ......  Subscription required
After-tax NPV @ 8% $M CAD  ......  Subscription required
Pre-tax IRR, %  ......  Subscription required
After-tax IRR, %  ......  Subscription required
After-tax payback period, years  ......  Subscription required
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Heavy Mobile Equipment:

Mine Management:

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Sep 6, 2022
....................... Subscription required ....................... Subscription required Subscription required Sep 6, 2022
Subscription required - Subscription is required.


Corporate Filings & Presentations:

DocumentYear
................................... Subscription required 2021
Project Description 2013
Feasibility Study Report 2012
Subscription required - Subscription is required.

Subscription required - Subscription is required.

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