Name and Location

Project F coal project, Russia.

Client

Tigers Realm Coal.

Project Description

An updated feasibility study on Project F has detailed an openpit and a coal handling preparation plant (CHPP) operation producing one-million tonnes a year of marketable product, which will be trucked from the mine on a new 37 km road to Tigers’ Beringovsky port.

Project F has resources currently estimated at 110.6-million tonnes.

Life-of- mine marketable production is estimated at 18.9-milion tonnes, comprising 13.4-million tonnes of semihard coking coal and 5.5-million tonnes of thermal coal.

The preferred design for the CHPP is a modular plant to minimise costs and maximise off-site assembly. The plant will be built, tested and commissioned at the supplier’s assembly facilities before being dispatched to site to minimise on-site construction time. Site environmental and climate risks will also be reduced by following this execution approach.

The coal handling circuit – crushing and bypass facilities – will be 600 t/h to replenish plant feed bin levels and facilitate acceptable haul-truck wait times at the dump hopper, as well as crush and screen the bypass product coal, for which an additional 1 000 operating hours a year has been assumed. The coal preparation flowsheet is based on treating 200 t/h of run-of- mine coal and comprises dense-media cyclones, treating coarse material (about 60% of plant feed) and a fines circuit beneficiating the +125 μm material with reflux classifiers (about 35% of plant feed).

Currently, the ultrafines fraction (about 5% of plant feed) is sent to tailings. Coal recovery from the ultrafines fraction will be assessed in future studies.

Average CHPP coal yields are estimated to be 64%.

Phase 1 could produce up to 600 000 t/y of near-surface thermal and coking coals using equipment and infrastructure on site, with minimal additional capital and projected operating costs of about $25/t freight on board.

The Beringovsky port will be upgraded to reach one-million tonnes a year of shipping capacity.

Net Present Value/Internal Rate of Return

Not stated.

Value

Initial capital for the production of one-million tonnes is estimated at $99-million.

Duration

The company hopes to start mining in 2017 using a phased approach.

Latest Developments

Project F has shown expansion potential beyond one-million tonnes a year through an increase in openpit reserves or the underground mining of Seam 4, which is estimated to host 56-million tonnes of resources below the proposed openpit operation.

Key Contracts and Suppliers

None stated.

On Budget and on Time?

Too early to state.

Contact Details for Project Information

Tigers Realm Coal, tel +61 3 8644 1326, fax +61 3 8644 1320 or email IR@tigersrealmcoal.com.