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Project F coals accepted at North Asian steelmills

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World Coal,

Two North Asian steel companies have confirmed technical acceptance of semi-hard coking coals from Tiger’s Realm Coal’s Project F in Russia’s Far East, according to the company’s latest quarterly update. The acceptance remains subject to trial cargoes.

Project F development is well underway with a 30 km haul road from the mine site to port around 80% complete, as of the end of 3Q16. Tiger’s Realm has also taken delivery of eight Scania coal haulage trucks and a 40 t excavator for coal mining, as well as a number of support vehicles.

The company also began site infrastructure construction works in 3Q16.

Phase 1 – a starter project ahead of the full Project F – targets near-surface coal reserves with coal production of 0.6 million tpy by 2018. Later stages of Project F will take the mine to over 1 million tpy of production. CAPEC for Phase 1 is estimated to be US$6.6 million.

Tiger’s Realm also said it had received confirmation from several other North Asian customers of their potential interest in its phase one development of Project F, which will produce both thermal and semi-soft coking coals.

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