Feasibility Study Shows Potential Capital Cost Reduction at Continental’s De Wittekrans Project

Mining Weekly reported that preliminary results from a feasbility study of Continental Coal’s De Wittekrans mine suggests that there is potential to signficanlty reduce capital costs.

As quoted in the market report:

The 2011 feasibility study looked at a conventional opencast and underground mine targeting production of between 3.6-million tons and 4-million tons a year, over a 30-year life-of-mine, with capital costs estimated at R342-million to first coal production and R838-million to develop the underground mine.

To view the full Mining Weekly report, click here.