BRITISH COLUMBIA – The results of the feasibility study for the Trend project 25 km south of Tumbler Ridge are positive, says owner NEMI NORTHERN ENERGY & MINING. The company is advancing the Trend small mine (60,000 tonnes/month) toward production in the fourth quarter of 2005. According to the recent study, the Trend full mine (TFM) could be producing 1.5 million to 2.0 million tonnes of clean coal annually beginning in 2007.
Expanding the small mine to a full mine will cost NEMI an estimated $61 million. The cost would be recovered in 2.5 years. The TFM will produce coking coal with 7-8% ash and 8% moisture for at least 10 years. The South and Extension blocks on the property contain proven and probable reserves of 21.2 million tonnes run-of-mine metallurgical coal. A new heavy media and spiral wash plant will have to be built with a capacity of 150,000 tonnes/month.
The TFM project still needs regulatory approval and coal sales contracts. See also www.NEMI-Energy.com.