22.6 C
Belgrade
Supported byspot_img
spot_img

Prairie says Poland mine’s maiden resource declaration imminent

Member of Europium Groupspot_img
Supported byspot_img

Dual-listed Prairie Mining expects to declare a maiden Joint Ore Reserves Committee-compliant resource estimate at its Debiensko hard coking coal project, in Poland, in the coming weeks, after it received the results of preliminary coal quality analysis from a borehole drilled at the project.

The results at the project, which Prairie acquired in October 2016, confirmed historical data which indicate that Debienkso hosts a range of premium-quality hard coking coals comparable to internationally traded benchmark coking coals.

The company believes the coking coal will be in high demand from European steelmakers, with two premium hard coking coal specifications having been delineated – medium volatile matter hard coking coal and low volatile matter hard coking coal.

Supported by

The borehole was fully cored to 30 m below seam 407/4. All core was subject to detailed logging and core photography and seam thicknesses and depths have been confirmed by a suite of geophysical logs, while coal seams were analysed by accredited laboratories in Poland.

Both Debiensko’s mid-vol and low-vol HCC lie within the range of premium hard coking coals produced globally. Indications are that the mid-vol HCC at Debiensko is present between 850 m to 1 000 m from surface, while the low-vol HCC is present 1 000 m to 1 300 m below surface – at depths similar to adjacent operating mines owned by Jastrzębska Spółka Węglowa – the largest coking coal producer in Europe.

European industry relies on imports for about 80% of its coking coal needs. In 2015, Europe consumed a total of 80-million tonnes of coking coal, of which 50-million tonnes was hard coking coal.

“Debiensko’s strategically competitive location means that about half of Central Europe’s coking plants and steelmaking capacity is within 250 km of the project and connected by existing road and rail infrastructure.

“With a well-established rail network providing ease of transport to end-users based close to Debiensko, Prairie will benefit from a significant pricing “netback” advantage over US and Australian imported hard coking coal,” the company said in a statement.

source: miningweekly.com

Supported byElevatePR Digital

Related News

Ukraine’s strategic importance in global critical raw material supply chains amid geopolitical dynamics

Ukraine's role in global supply chains for critical raw materials is increasingly pivotal amidst ongoing geopolitical challenges. These include the Russian invasion of Ukraine,...

Nornickel in talks with China Copper for copper smelting venture in China

Russian mining giant Nornickel is reportedly in discussions with China Copper to establish a smelting facility in China. This joint venture aims to relocate...

Pan Asia Metals secures option agreement for RK Lithium Prospect in Thailand

Pan Asia Metals Limited has taken a significant step forward by securing an exclusive option agreement for the RK Lithium Prospect in Thailand. This...

Critical Metals partners with Obeikan Group to build lithium hydroxide plant in Saudi Arabia

Mining company Critical Metals has finalized a joint venture (JV) agreement with the Obeikan Group to establish a lithium hydroxide processing plant in Saudi...
Supported by
Supported by
Supported by
error: Content is protected !!