Luscar partners expand Coal Valley

The Luscar Energy Partnership, which consists of equal partners Sherritt International (S-T) and the Ontario Teachers Pension Plan Board, intends to double the capacity of the Coal Valley mine, 100 km south of Edson, Alta.

The $75-million plan entails doubling the coal wash plant capacity and adding more mining equipment. As a result, annual thermal coal production would rise to 4 million tonnes by the second quarter of 2006.

About $25 million would be spent on mine development and rehabilitation and on expansion of the existing coal cleaning plant; the remaining $50 million will be used to lease new equipment.

Close to 100 permanent jobs would be created under the plan.

The additional production will be railed to coal terminals in British Columbia for shipment to locations in the Pacific Rim.

The partnership expects export coal markets to remain relatively strong over the next few years.

Print

Be the first to comment on "Luscar partners expand Coal Valley"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close