Depending upon successful metallurgical
work, a conceptual mining plan will be investigated for internal economic evaluation.
As a result, full control over output will be ensured, which will allow to obtain high-quality and export-oriented metallurgical
Additionally, the protocol regulates the use of the land owned by the Metallurgical
Holding Company through a partnership with the NUCA, which will prepare the detailed master plan for the land, as well as the design and implementation of the networks of internal utilities.
coal market is unlikely to become oversupplied in the near term, and Fitch does not expect prices to fall deep into the cost curve, as they did during 2014-2016.
He said this while declaring open the first edition of the Nigeria Metallurgical
Industry Stakeholders' Forum (MISF), on Tuesday in Abuja.
Kestrel itself has metallurgical
coal asset with a long resource base, solid infrastructure and highly skilled workforce.
According to the company, the anticipated 2018 metallurgical
coal sales consist of various grades of metallurgical
coal, with the majority of these sales from Alpha's Low Volatile, Medium Volatile and High Volatile A products.
Prices are expected to follow suit, with NAB forecasting the metallurgical
coal price to fall to $160/mt FOB in October-December, and then to around $100/mt FOB by the end of next year, from $189/mt FOB in July-September.
Brule Mine is an open pit metallurgical
coal mine and produces a premium low volatile pulverised coal injection product.