Tigers Realm Coal Ltd.said April 22 that an update to its Project F feasibility study found additionalcoal resources at the site, allowing the company to nearly double the project'smine life. Project F is part of the company's Amaam coking coal project in Russia's Far East.
The feasibilitystudy showed that the total coal resource at Project F has increased to 110.6 milliontonnes from the initial 72.3 million tonnes reportedin October 2014. This allowed the company to up the projected mine life to 20 years,from 11 years as stated in a November 2014 report.
The increase to the resource base indicated potentialfor an open pit operation in excess of 2 million tonnes per annum delivering over35 million tonnes of product, the company said.
The company also reported a reduction on project capital costs to US$99 millionfrom US$133.3 million and a drop of operating costs to US$41 per tonne from US$68.5per tonne.
The project is now projected to produce 18.9 million tonnes over its minelife, including 13.4 million tonnes of semi-hard coking coal and 5.5 million tonnesof thermal coal.