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Coal Mine Feasibility Study Completed by WCJVP
Feb. 07, 2014 09:22AM PST
Industrial Metals Investing
Waterberg Coal Company Ltd. (ASX:WCC) announced yesterday that the Waterberg Coal Joint Venture Partners (WCJVP) have completed a feasibility study regarding the development of an opencast mining operation that would produce 10 million tonnes of coal each year for South African utility Eskom.
Waterberg Coal Company Ltd. (ASX:WCC) announced yesterday that the Waterberg Coal Joint Venture Partners (WCJVP) have completed a feasibility study regarding the development of an opencast mining operation that would produce 10 million tonnes of coal each year for South African utility Eskom.
As quoted in the press release:
The WCJVP are presently updating the Study which will be released as a full Bankable Feasibility Study (BFS) on completion.
A condition precedent of the CSA is for Eskom to complete a burn test on a bulk sample of approximately 200,000 tonnes of Product. Eskom has now taken delivery of this bulk sample and it is expected that this Product will be tested over the course of the next 30 days.
Discussions between the WCJVP and Eskom as to the terms of the CSA are well advanced.
Click here to read the full Waterberg Coal Joint Venture Partners press release.