South Africa – The ore reserve estimate was prepared by Mike Vertue, a competent and independent mining engineer with appropriate coal experience and is based on the current, June 2016 NCC mineral resource estimate.
Measured and indicated mineral resources were converted to proven and probable ore reserves respectively, subject to mine designs, modifying factors and economic evaluation.
The ore reserve estimate for NCC is outlined in the table below and detailed in Annexure 1 and 2.
Commenting on the announcement Universal Coal’s CEO, Tony Weber, says: “This substantial increase in ore reserves further reinforces the reason for our NCC acquisition and achieves of our goal to establish a 20+-year life-of-mine plan for NCC.”
“The mine development and the ramp-up of production are progressing on schedule and on budget and we are on track to deliver coal into the market at full capacity by H2, 2017.”
In April Universal Coal completed its first ROM coal from the opencast development at its New Clydesdale Colliery in the eMalahleni area of South Africa.
Universal Coal delivered the coal to the coal handling and preparation plant (CHPP) for processing and sale.
Opencast operations at NCC commenced in January 2017 as the second phase of NCC’s planned 3.3 Mtpa ROM mine development programme, following the commencement of underground operations in September 2016.
The third section of the CHPP, totalling an additional 100 tph capacity, has been fully rebuilt and is currently being commissioned, bringing the net annual throughput capacity in line with the projected 3.3 Mtpa ROM tonnage.
Feature image credit: Universal Coal