County Coal Limited (CCJ.ASX)
County Coal Limited (CCJ.ASX) is primarily focused on developing a North American bulk export solution that can be utilised for County’s U.S. coal projects, as well as other projects looking to export coal from the U.S. and Canada.
County’s proposed bulk export terminals in British Columbia, Canada and northwest U.S. are both connected by rail to coal fields in British Columbia, Alberta and the Powder River Basin (PRB) in the U.S. County’s thermal coal projects in the PRB host 730 million tonnes (Mt) in JORC-compliant resources.
The proposed export terminals in Canada and the U.S. provide an export solution for emerging Canadian coal producers as well as low-cost U.S. thermal coal producers.
The U.S. faces much lower capital and operating costs, especially in comparison to Australia. All-in labour costs at US$30/hour are about a third of Australia’s.
County’s proposed export solution could unlock the substantial value held within its 730Mt low-cost thermal coal resources in the PRB in Wyoming, U.S.
The initial engineering study on the Canadian terminal indicates the port is technically feasible and initial costing indicates the project is economically viable.
County’s management has a unique spread of infrastructure development, coal marketing, finance and mining experience.