GREY:CPYCF - Post by User
Post by
coalbadon Aug 21, 2014 7:09pm
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Post# 22867191
Raven Coal Mine coking coal myth
Raven Coal Mine coking coal mythThe Raven Coal MIne coking coal myth was debunked years ago. IF the ROM coal can be reduced to less than 10% ash content it will then sell as a " semi -soft " coking coal product suitable only for blending with a higher grade coal in the steel making process. If for whatever reason the ROM can't be reduced to a 10% or less ash content, the processed coal will then be sold as a thermal coal product. The processing plant is intentionally designed to produced either a (SSCC) semi-soft coking coal or thermal coal product. Further more, the SSCC product will fetch a reduced price than a true coking coal product. In some cases a 40% discount will apply, as illustrated in the HSMC graph below. By the way, the Raven feasability study had the price of SSCC estimated on aversge at $179/mt. Good luck on gettting that price anytime soon. The graph below is also in USD so you can deduct another 9-10% off those prices for the current currency exchange rate.
