Jameson Resources is stepping up work on its Crown Mountain metallurgical coal project in British Columbia, Canada, in response to this year’s surge in metallurgical coal prices.
According to the company, metallurgical coal spot prices are now recovered to the point that – when combined with the current Canadian-to-US-dollar exchange rate – project economics are “positive and approaching those presented in the 2014 pre-feasibility study (PFS)".
In response, the company is speeding up its work to quantify economic benefits of several favourable factors that are expected to result in both lower CAPEX and OPEX for the project compared to the PFS, including reducing CAPEX through the use of a contract miner.
Edited by Jonathan Rowland.
Read the article online at: https://www.globalminingreview.com/exploration-development/12092016/jameson-steps-up-work-at-crown-mountain-2016-2399/