Atrum Coal has provided its key objectives for 2017.
The company’s Groundhog North Project in British Colombia, Canada, continues to be the primary focus for Atrum. The company’s export sales joint venture wit Atlantic Carbon Group to sell anthracite from ACG’s operations in Pennsylvania, US, will also form an important part of Atrum’s 2017 plans.
Director, James Chisholm said:
‘We expect 2017 to be a productive e year for Atrum as we conduct additional; drilling at Groundhog North to underpin a Reserve statement and future Definitive Feasibility Study, as well as provide product samples of ultrahigh grade anthracite for customers in Asia, Europe and South America.
Exploring and developing the world’s largest anthracite deposit at Groundhog remains the Company’s key priority. Working with its Aboriginal Partners, the Company is planning to be back on site at Groundhog North during winter, to extract additional samples for North Asian steel mills and industrial customers.
Atrum is also planning to submit an application for a Small Mine Permit. The Small Mine Permit would enable the company to commence commercial operations at a rate of 250 000 tpy.
Work on a development of a Reserve Statement to input into a Definitive Feasibility Study (DFS) for Groundhog North has commenced and is expected to be completed once this year’s drilling programme concludes.
While Atrum progresses development of Groundhog North, the Export Sales Joint Venture with ACG will allow the company to bring additional capital into the Company, as well as build relationships with anthracite customers. The first shipment of ACG anthracite is expected to be delivered to port in March.
Read the article online at: https://www.worldcoal.com/mining/14022017/atrum-lists-its-objectives-for-2017/