https://www.miningweekly.com

TerraCom looks at increased output at BNU

12th October 2018

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Coal junior TerraCom on Friday revealed the potential to expand production at its Baruun Noyon Uul (BNU) coking coal mine, in Mongolia, to three-million tonnes a year.

TerraCom told shareholders that following an extensive exploration programme, the company has compiled a detailed execution plan which is forecast to deliver targeted yearly production of three-million tonnes from BNU.

The plan would involve the progressive opening of additional multiple pits, which would improve efficiency through spread of costs and overheads over higher volumes, lower the overall unit costs, and improve run-of-mine coking coal quality, providing a higher price point potential.

TerraCom said on Friday that the company has held discussions with its existing customer base regarding the sale of the additional coal volumes.

The company is targeting the three-million-tonne-a-year production rate by early 2019.

The BNU project delivered 246 408 t of coal during the June quarter, with the mine currently producing at rates to meet sales obligations under a five-and-a-half-year offtake contract to one of the largest private coal companies in China.

Edited by Creamer Media Reporter

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION