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Old 04-10-2010, 03:50 AM
Sparty Sparty is offline
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Default Does LINC have a third business?

LNC's Emerald's semi-soft coking coal

LINC Energy is one of Australia's most established UCG players and has an up and running UCG - GTL plant and a syngas fired power generator under its belt. (Not to mention several overseas plays)

"At this time, the conceptual mine study had identified a high value underground longwall mine development option yielding 3.8 Mtpa of product coal over a 30 year LoM, with 2.5 Mtpa of semi-soft coking coal being produced."

Emerald Deposit: Coal 852,000,000t 852Mt Grade 100 % Inferred

Does this mean that LNC could have a profitable coal mine in the context of the rise of the coking coal prices?

By Interactive Investor, March 30, 2010 at 1:40 AM

SEOUL, March 30 (Reuters) - South Korea's POSCO, the world's No.4 steelmaker, has agreed to pay $167 per tonne for its April-June soft coking coal imports with Anglo-Swiss miner Xstrata, an industry source with knowledge of the deal said on Tuesday.

Coal ~3,800,000Mtpa X $167 = $634m per year


Semi soft coking coal 2.5Mtpa x $167 = $417m per year

Mining and shipping costs would be around?

Looks like LNC could have another business stream?

 

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Old 04-23-2010, 05:36 AM
Sparty Sparty is offline
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Default High value, underground longwall mine: 3.8 million tonnes per annum of product coal

The Company commissioned MineCraft Consulting to complete a Conceptual Mine Development Study for the Emerald resource. This identified a high value, underground longwall mine development yielding 3.8 million tonnes per annum of product coal over a 30 year life, with about 2.5 million tonnes per annum of semi-soft coking coal, and 1.3 million tonnes per annum of good quality thermal coal. A similar conceptual mine plan has been completed for the Pentland resource, whilst one is currently underway for the Galilee tenemenU both by Xenith Consulting.

 

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