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Ownership |
- 100% Kameron Collieries ULC* (Project Manager)
- * Subsidiary of The Cline Group
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Morien Royalty |
- 2% on first 500,000 tonnes in any calendar quarter
- - 4% on any production above 500,000 tonnes in any calendar quarter
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Morien Milestone Payments |
- - $2.0 mln received on closing (Feb 2015)
- - $2.0 mln on second anniversary (Feb 2017) or at first coal production
- - $1.5 mln on third anniversary (Feb 2018) or at first coal export
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Location |
- Eastern Canada; Cape Breton, Nova Scotia Distance to Deep
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Water Port |
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Deposit Type |
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Infrastructure |
- Twin, 7.6 m (25 ft) x 3.6 km (2 mi) access tunnels in place
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Resource |
- 227 Mt Indicated + 254 Mt Inferred
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Probable Mineable Reserve |
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Life of Mine |
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Coal Quality |
- Low ash, high energy coking and thermal coal
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Cash Cost (FOB)* |
- $51.80/tonne (marine barge option) to $58.00/tonne (rail option)
- *Based on 2011 Technical Report, available on SEDAR
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Full Production |
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Status |
- KAMERON COLLIERIES ACTIVELY PRODUCING COAL, SCALING UP TO FULL PRODUCTION
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Permits |
- - Fully permitted for initial underground development phase (2,000 tonnes/day)
- - Full production permit received Q3 2013 (3.5 Mtpa ROM; 2.75 Mtpa saleable)
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First Production |
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Other Royalty |
- $1.20 / tonne to Province of Nova Scotia
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Markets |
- Atlantic basin market and Asia
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