Optimization Study Completed for Buck Creek No. 1 Mine

Mining Weekly reported that an optimization study of the Buck Creek No. 1 mine, located in the US, has resulted in higher overall product yield, saleable coal production and sales revenue.

As quoted in the market news:

Feedback from utilities within Paringa’s initial target market confirmed optimal coal specifications for future sales from the Buck Creek No 1 mine to consist of washed, higher heating content and a blended lower heating product..

Paringa completed the optimisation study to redesign the CHPP to produce a washed and blended coal product, resulting in the improvements in the project fundamentals.

The optimisation study, which also indicated lower operating costs, was part of the prefeasibility study being completed for the Buck Creek No 1 mine, which was due for release in March.

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