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 product.
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.
The
metallurgical 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.