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September 6, 2011

Washpool Coal completes DFS on Australian coal project

Aquila Resources' subsidiary Washpool Coal has completed the definitive feasibility study (DFS) for the Washpool hard coking coal project in Bowen Basin, Australia. The DFS proposed an open-cut operation mining with 7Mtpa of coal to produce 2.6Mtpa of high rank hard coking coal over a m

By cms admin

Aquila Resources’ subsidiary Washpool Coal has completed the definitive feasibility study (DFS) for the Washpool hard coking coal project in Bowen Basin, Australia.

The DFS proposed an open-cut operation mining with 7Mtpa of coal to produce 2.6Mtpa of high rank hard coking coal over a mine life of 16 years.

According to the DFS, the capital expenditure of the project is estimated at A$335m (US$354m) with operating costs of about A$125 (US$132) per tonne.

The coal produced from the project will be exported through the Wiggins Island coal export terminal in Gladstone.

Washpool and seven other coal producers have reached a commercial agreement with QR Network to proceed with the construction of stage one of the Wiggins Island rail project.

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