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Waterberg coal project’s resource increased to 3.88bn tonnes

25th October 2013

By: Creamer Media Reporter

  

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JOHANNESBURG (miningweekly.com) – Dual-listed Waterberg Coal Company (WCC) has reported that the Joint Ore Reserves Committee-compliant thermal coal resource at its joint venture Waterberg coal project had increased to 3.88-billion tonnes, with 2.07-billion tonnes in the measured category.

This followed the completion of a 2013 drilling programme at the project and represented a substantial increase on the resource of 1.18-billion tonnes reported in December 2012.

WCC stated that the doubling of the measured resource, from one-billion tonnes as at December 2012, to over two-billion tonnes gave the project technical team the flexibility to optimise the draft SRK bankable feasibility study mine plan.

“The optimisation of the mine plan will have a favourable impact on yields, operating costs and annual tonnes mined,” the company stated.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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