Atrum Coal continues to develop its flagship Groundhog coal mine in British Columbia, Canada. The potential for exporting coal has been explored further this week, as the company trialled a ship-loader at Stewart Bulk Terminal, which lies roughly 150 km way from the Groundhog project.
According to Proactive Investors, it has only been two years since Atrum was publicly listed, “so this is a remarkable achievement”.
The anthracite coal project has gathered pace, and the trial of the coal ship-loader represents a significant step in proving Atrum’s logistic chain. The company plans to complete customer sample loads later in 2014.
Atrum also recently transported high grade anthracite to the Stewart Bulk Terminals at the Port of Stewart for testing of storage, coal handling and loading facilities.
High grade and ultra-high grade anthracite from the Groundhog North operation has been stockpiled and testing has shown that existing equipment is capable of loading at least 1.5 million tpa of high grade and ultra-high grade anthracite.
Atrum Coal also has a memorandum of understanding in place for a further 5 million tpa of coal at Stewart World Port, which is currently under construction.
According to Proactive Investors, Atrum is capitalised at over US$ 250 million “and looks set for further growth”.
Edited from various sources by Sam Dodson
Read the article online at: https://www.worldcoal.com/handling/18082014/loading-coal-at-stewart-port-canada-1222/