Australian coking coal producer Beacon Hill Resources announced on February 16 its activities report for the three-month period ended December 31, 2011. Accordingly, the definitive feasibility study for the expansion of the Minas Moatize coal mine in Mozambique is nearing completion.
The company stated that development work for the expansion of the Minas Moatize Mine continued throughout the final quarter. The total mineable reserve includes a marketable reserve of 23.45 million mt, representing the saleable portion after mining and processing of the resource, of which at least 8.72 million mt is coking coal. The latest study has confirmed that Minas Moatize has a mine life of up to 14 years.
Beacon Hill is also in the final stages of completing the scoping study for the Tasmania magnesite project, which will form the basis for moving towards securing a joint venture partner to fund the development of the project. The study will be released in the first quarter of 2012.