GREY:CPYCF - Post Discussion
Post by
coalbad on Aug 21, 2014 7:09pm
Raven Coal Mine coking coal myth
The 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.
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