Melbourne, Oct 19 A scoping study has found the Bacchus Marsh clean coal project in Australia to be economically viable, paving the way for a demonstration facility to test the technology. Bacchus Marsh, a 50/50 joint venture between Exergen and Mantle Mining, is based on Exergen’s continuous hydrothermal de-watering (CHTD) technology, which can be used for brown coal and high moisture subbituminous coal. The scoping study, carried out by Sedgman and Thiess, found that the project will require an initial capital investment of $A2B, and deliver a net present value of $1.4B, with a 25 year mine life. Operations at Bacchus Marsh will generate 900 direct construction jobs, including nearly 500 permanent jobs, along with 3,600 indirect manufacturing jobs for the supply of goods and services. The $70M to-scale pre-commercial demonstration facility will be located in Victoria’s Latrobe Valley.
Mantle Mining Corporation Limited
Exchange Code:
ASX:MNM.
Website: http://www.mantlemining.com.
Mantle Mining holds a portfolio of projects in eastern Australia prospective for gold, silver, copper, coal, coal bed methane, uranium and phosphate
Sedgman Limited
Exchange Code:
ASX:SDM.
Website: http://www.sedgman.com.
ASX-listed global mineral processing and infrastructure supplier specialising in coal handling and preparation plants CHPPs"
cheers B Rubes
MNM Price at posting:
5.0¢ Sentiment: Buy Disclosure: Held
