Prairie Mining: Coking Coal Quality Results Establish Jan Karski as a Coking Coal Mine

(firmenpresse) -
Prairie Mining: Coking Coal Quality Results Establish Jan Karski as a Coking Coal Mine

HIGHLIGHTS

- Recent coal quality testwork establishes the potential to produce high value ultra-low ash semi-soft coking coal (SSCC) at Jan Karski

- Independent analyis by coal market consultants predicts that Jan Karski ultra-low ash SSCC would potentially realise a 10% premium to international benchmark SSCC prices

- Washability results demonstrate the ability to produce ultra-low ash (<3%) semi soft coking coals that are in high demand from global stealmakers due to the considerable commercial advantages of enhanced value in use and lower CO2 emissions

- Coke oven tests demonstrated exceptional results with Coke Strength after Reaction (CSR) of 51.5, exceeding typical CSR parameters of internationally traded semi soft coking coals

- Preliminary washplant flow sheet redesign anticipates a significantly upgraded product split of 75% ultra-low ash semi-soft coking coal, and is not expected to result in a reduction of overall saleable coal product yields, or material project cost increases

- Preliminary discussions with select European steel makers have confirmed the suitability of ultra low ash, high CSR semi-soft coking coals to be utilised in coke oven blends

- Benchmarking of the Jan Karski ultra-low ash SSCC against semi-soft coking coal currently produced by OKD in the Czech Republic demonstrates the potential of the Jan Karski product to replace these coals in the regional market

May 1, 2017 - Prairie Mining Limited (Prairie or Company) is pleased to announce the results of enhanced coal quality analysis and test work from a recently completed borehole (Cycow 9) at the Jan Karski Mine (Jan Karski). Key results from the expanded coke oven and washability test work indicate the potential to produce a high value ultra-low ash SSCC with a high CSR, with a high 75% product yield. Preliminary analysis by independent consultants indicates that the Jan Karski Ultra-low ash SSCC could achieve a 10% premium to international SSCC benchmark prices, due to several superior qualities.

http://www.irw-press.at/prcom/images/messages/2017/39616/170501 JKM Enhanced Coking Coal Quality Announcement_final1_PRcom.001.png

Figure 1: Jan Karski Ultra-low Ash SSCC Benchmarking

Prairies CEO Ben Stoikovich commented: The expanded washability and coking analysis from the recently drilled Cycow 9 borehole has confirmed that a high value Ultra-Low ash SCCC can be produced from Jan Karski, at a product yield of 75%. This transforms Jan Karski into a predominantly coking coal project with superior semi-soft coking qualities that have potential to achieve market pricing of some 10% above the standard international SSCC benchmarks. With the expected closure of coal mines in the Czech Republic that produce SSCC by 2022, there is a growing regional market opportunity for Jan Karski ultra-low ash SSCC coals.

For further information, contact:

Ben Stoikovich
Chief Executive Officer
+44 207 478 3900

Artur Kluczny
Group Executive - Poland
+48 22 351 73 80

Sapan Ghai
Corporate Development
+44 207 478 3900
info(at)pdz.com.au

To view entire news in English, please follow the link:
http://www.pdz.com.au/uploads/1/7/9/6/17961663/1669601.pdf

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Bereitgestellt von Benutzer: irw
Datum: 02.05.2017 - 11:40 Uhr
Sprache: Deutsch
News-ID 539568
Anzahl Zeichen: 3586

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Business News

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