https://www.miningweekly.com

Scoping study proves Lublin potential - Prairie Downs

28th April 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – Coal hopeful Prairie Downs Metals has reported that its Lublin project, in Poland, could support a production of up to 8.8-million tonnes a year run-of-mine coal, to deliver 6.7-million tonnes a year of saleable coal, over a mine life of 22 years.

A scoping study estimated that the project, which hosts a Joint Ore Reserves Committee-compliant resource of 1.6-billion tonnes, could deliver earnings before interest, tax, depreciation and amortisation of up to $391-million a year.

The average operating costs have been estimated at $37/t, placing Lublin on the lowest position on the global cost curve for coal deliveries into Europe.

“Results from the scoping study show the potential to develop a world-scale, multi-generational coal mine with strong cash flows and with operating costs on the lowest position in the global cost curve for coal delivered into Europe,” said Prairie CEO Ben Stoikovich.

He pointed out that the Lublin project had access to well-established regional rail and port infrastructure, with underused bulk cargo capacity for low transportation costs within Poland. Coal would be shipped to regional European markets by rail, while seaborne export would be undertaken through underused ports in the north of the country.

“We are in the enviable position of having a highly advanced project with very strong fundamentals, located in a proven world-class coal basin. The Lublin coal project has the potential to become a significant new coal producer within the industrial heartland of Europe, and offer a strategic supply of high-quality semi-soft coking and premium thermal coal regionally within Poland and to nearby European markets,” Stoikovich said.

With the scoping study complete, the company will now begin a prefeasibility study (PFS) on the Lublin coal project in the coming weeks. The PFS would likely be completed by the first half of 2015.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Virtual Gas Network (Pty) Ltd
Virtual Gas Network (Pty) Ltd

Virtual Gas Network supplies compressed natural gas via a virtual gas distribution network.

VISIT SHOWROOM 
MBE Minerals SA (Pty) Ltd
MBE Minerals SA (Pty) Ltd

Your global lifecycle technology & service partner for materials & minerals processing equipment for coal, iron ore, copper, manganese & other...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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







sq:0.065 0.74s - 110pq - 2rq
Subscribe Now