Feasibility Study Shows Potential Capital Cost Reduction at Continental’s De Wittekrans Project
Nov. 21, 2012 08:38AM PST
Industrial MetalsMining Weekly reported that preliminary results from a feasibility study of Continental Coal’s De Wittekrans mine suggests that there is potential to signficantly reduce capital costs.
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.