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Kiewit joins Crown Mountain PFS update team

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World Coal,

Jameson Resources has appointed Kiewit to the team tasked with updating the pre-feasibility study (PFS) on the Crown Mountain metallurgical coal project in British Columbia, Canada.

Kiewit joins Sedgman in this effort, being led by Norwest Corporation of Vancouver, Canada.

Kiewit is an experienced coal miner in both owned and contracted operations, will review the mining plan and advise Norwest on potential improvements and cost savings.

Kiewit joins Sedgman, a recognised leader in coal processing and infrastructure, on the Crown Mountain PFS update team.

Sedgman is already well advanced in their review of coal quality and processing strategy.

Norwest will develop a turnkey contractor scenario for Crown Mountain based, in part, on input from Kiewit and Sedgman.

A number of parameters will be evaluated for potential CAPEX and OPEX savings, including such categories as fuel cost, labour and materials, low hour used vs new equipment, wash plant modifications, fleet optimisation, etc.

Changes in macroeconomic factors will be incorporated into the update. For example, the PFS assumed a CAN$:US$ exchange rate of 0.92; that rate is now 0.76, creating significant advantages for a Canada-based operator.

The original PFS operating scenarios will be updated, and supplemented with a turnkey contractor alternative.

Crown Mountain is estimated to ship 84% of its product as hard coking coal, with the balance as PCI.

Metallurgical coal prices booked significant gains during 2016 and remain well above the pricing assumptions contained in the original PFS.

The update is expected to be finalised near the end of Q1.

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Canada coal news