If the coal at Ovorhangay turns out to be anthracite and not coking coal, pricing is still very favourable.
Page 12, latest Fortune Minerals presentation (http://www.fortuneminerals.com/):
ANTHRACITE PRODUCTS & USE
Highest quality coal with very high carbon & energy content
Anthracite only 1% of world coal reserves
Metallurgical coal with diverse applications
Filter Media US$400 / tonne
Metallurgical Reductants / charge carbon US$400 / tonne
Ultra-Low Vol. PCI US$250 / tonne
Sinter US$200 / tonne
Power Generation US$150 / tonne
Other products:
Blend coal with coking coal for making metallurgical coke
Direct coke replacement
Heating & cooking briquettes
Binder for iron ore pellets
Also see page 13 for market dynamics.
coal type - anthracite, page-4
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