Mount Klappan Project
Fortune Minerals announces railway strategy for Mount Klappan project
25.08.2010 | Deskman: Marcel Dröttboom
London (ON), Canada – Fortune Minerals announce that it has developed a new commercially competitive railway transportation option for haulage of anthracite metallurgical coal products from the Company‘s Mount Klappan project in northwest British Columbia to the port of Prince Rupert.
This new development strategy is based on existing infrastructure and provides a much simpler transportation solution that would allow the Company to rapidly capitalize on the world class resource potential of Mount Klappan and participate in the growing global shortage of high quality metallurgical coals. The railway strategy would also provide access to the Ridley Coal Terminal in Prince Rupert that can load full Capesize bulk vessels, making this the preferred point of export for most of the Company‘s potential customers in the overseas steel industry.
The new railway development strategy is based on quotes that were recently received from the Canadian National Railway Company (CN), which operates on the former BC Rail Dease Lake Line to Minaret, 150 kilometres south of Mount Klappan. The roadbed for this railway right-of-way north from Minaret to Mount Klappan and has already been largely constructed and provides an existing transportation corridor that can be upgraded for rail or truck haulage of coal from the mine to Minaret.
Fortune will be required to invest significant capital to upgrade the railway right-of-way as well as make improvements to the CN Rail Dease Lake Line to accommodate 127 car unit trains with 95 tonne car loads and efficient rail speeds. However, this railway development option eliminates a similar amount of capital that would otherwise have been required for truck haulage of coal to Stewart. These savings include elimination of the 100 kilometres access road between the mine and Highway 37, elimination or reduction in the size of the off-site truck fleet, and it also avoids the substantial investment that would have been required to upgrade the bulk terminal facilities in Stewart. Use of the existing infrastructure under the railway option will also reduce the environmental footprint for the development, eliminates concerns for truck and port congestion in Stewart, reduces overall project risk, and provides for more rapid project execution and construction.
About the Mount Klappan Project
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