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Celsius Coal predicts strong outlook for 2014

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For full functionality of this site it is necessary to enable JavaScript. Here are the instructions how to enable JavaScript in your web browser. The company is moving towards a start-up of its Uzgen Basin coal project, which is comprised of three prospective metallurgical coal tenements: Kargasha, Kokkia and Min Teke. Molyneux said that had been a successful year for the company, with positive results from an exploration field session with some record drill intersections. He said that while results were promising, the next task for the company was to assess the analytical data, translate it into an updated JORC resource statement and look at what it means in mineable tonnes, and thereby discern whether the best approach for mining at the project would be opencast, underground or by auger. The company is aiming to complete the first stage of laboratory testing by the second week of December, which would be followed by a second phase of coke strength and reaction CSR testing, which should be completed by late February The company was pleased to announce the completion of its exploration programme. The Uzgen Basin coal project has a JORC resource of million t, which Molyneux said was a very large resource for a low-ash contiguous metallurgical coal resource. A number of adits had been excavated into the project area during the soviet era. However, since then the Kokkia area had not been drilled, so Molyneux explained that assessing coal quality in that tenement was a priority for Celsius Coal. The chairman said he expected to see data on the Kokkia area in the next few weeks. The company is also set to release results of some larger diameter PQ core holes that were drilled earlier in , so that they could provide large samples for CSR. Molyneux revealed that, looking ahead to , Celsius Coal would be targeting Chinese coke plants. The chairman explained that the key market in Xinjiang is for high-quality hard metallurgical coal. Companies in Xinjian currently operate using local blending coals with a high-quality metallurgical coal brought in from eastern China — meaning that this coal must be transported great distances, sometimes as much as km. The company has previously stated it will benefit from useful access to largely developed infrastructure that is already in place in the vicinity of the operation. Besides the TransAsia railway, there have been recent announcements of a new north to south highway that would link Bishkek in the north to Jalal-abad in the south. One of them provides a major link from Kokkia to Touragart on the Chinese border. Only 2 weeks ago I surveyed the route — there is one tough section of less than 50 km, but the rest is very straight forward. The Chinese have clearly invested a lot into local infrastructure and seem to be intent on continuing to do this. Molyneux explained that the aim now for the company was to define an initial 10 — 20 million t area for first mining. After the company released details of production volumes in the current programme, it would then look to build a significant project. The operation will likely be initially quite profitable, and will increase from there. Edited by Sam Dodson. Celsius Coal has completed a field exploration programme at its Uzgen Basin coking coal project in Kyrgyzstan. Extensive multi-rig diamond drilling programme to begin at Uzgen Basin metallurgical coal project. This content is available to registered readers of our magazine only. Please sign in or register for free. Home Mining 11 Dec 13 Celsius Coal predicts strong outlook for Chinese interest The company is also set to release results of some larger diameter PQ core holes that were drilled earlier in , so that they could provide large samples for CSR. Infrastructure report The company has previously stated it will benefit from useful access to largely developed infrastructure that is already in place in the vicinity of the operation. You might also like. Already a member? Sign in here.

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