sp to soar past ceo, page-30

As posted by Fontii....

Although the announcement uses the word brown it doesn't necessarily mean the coal is technically brown coal. Similarly the word black doesnt mean there is anthracite down there. Here is some very basic research on coal types:

Peat, considered to be a precursor of coal, has industrial importance as a fuel in some regions, for example, Ireland and Finland. In its dehydrated form, peat is a highly effective absorbent for fuel and oil spills on land and water

Lignite, also referred to as brown coal, is the lowest rank of coal and used almost exclusively as fuel for electric power generation. Jet is a compact form of lignite that is sometimes polished and has been used as an ornamental stone since the Upper Palaeolithic

Sub-bituminous coal, whose properties range from those of lignite to those of bituminous coal are used primarily as fuel for steam-electric power generation. Additionally, it is an important source of light aromatic hydrocarbons for the chemical synthesis industry.

Bituminous coal, dense sedimentary rock, black but sometimes dark brown, often with well-defined bands of bright and dull material, used primarily as fuel in steam-electric power generation, with substantial quantities also used for heat and power applications in manufacturing and to make coke

Steam coal is a grade between bituminous coal and anthracite, once widely used as a fuel for steam locomotives. In this specialized use it is sometimes known as sea-coal in the U.S.[5] Small steam coal (dry small steam nuts or DSSN) was used as a fuel for domestic water heating

Anthracite, the highest rank; a harder, glossy, black coal used primarily for residential and commercial space heating. It may be divided further into metamorphically altered bituminous coal and petrified oil, as from the deposits in Pennsylvania

Graphite, technically the highest rank, but difficult to ignite and is not so commonly used as fuel: it is mostly used in pencils and, when powdered, as a lubricant.

Coking coal:

Bituminous coal must meet a set of criteria for use as coking coal, determined by particular coal assay techniques. These include moisture content, ash content, sulfur content, volatile content, tar, and plasticity. This blending is targeted at producing a coke of appropriate strength (generally measured by Coke strength after reaction (CSR), while losing an appropriate amount of mass. Other blending considerations include ensuring the coke doesn't swell too much during production and destroy the coke oven through excessive wall pressures.

The greater the volatile matter in coal, the more by-product can be produced. It is generally considered that levels of 26-29 percent of volatile matter in the coal blend is good for coking purposes. Thus different types of coal are proportionally blended to reach acceptable levels of volatility before the coking process begins.

The intital target announced on 1 July indicates:

"...thermal coal, Calorific value range Qdaf 6200 to 6800 kcal/kg1..."

I'm comparing this to CEOs announcement today and without speculating too much, looking forward to assay results.