Sawin thermal coal project, Poland
Name and Location
Sawin thermal coal project, Poland.
Client
Balmara Resources.
Project Description
A prefeasibility study (PFS) on the Sawin project has demonstrated robust project economics and exceptional returns, based on the development of an underground mining operation using state-of-the-art, highly efficient longwall extraction techniques capable of delivering average production of 5.8-million tonnes a year over a 51-year mine life.
The mining schedule targets production of 300 000 t in Year 1, 1.9-million tonnes in Year 2, 3.1-million tonnes in Year 3 and 3.8-million tons a year in Year 4, ramping up thereafter to an average steady-state production of six-million tonnes a year for the life-of-mine.
Net Present Value/Internal Rate of Return
The project has an after-tax net present value, at a 10.5% discount rate, of $921-million and an after-tax internal rate of return of 28.4%.
Value
Capital development will cost an estimated $151-million, inclusive of 25% contingency but excluding leased equipment capital cost.
Duration
Not stated.
Latest Developments
Based on the PFS, Balamara has decided to move on to the next stage of development as soon as possible. Final ore reserve drilling has been planned ahead of a definitive feasibility study in 2016.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
Balmara Resources, tel +48 692 564 777 or email kontakt@balamara.com.pl.
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