CANADIAN COAL

NASKEENA ANTHRACITE PROJECT

Our Mission

We are seeking an investment of $10 million for the start-up of a small anthracite mine and briquette plant in Terrace, British Columbia, Canada.  This investment would be for 100% ownership of the project. Hanam Canada is willing to sell its coal property rights from the British Columbia government for $200,000 with favorable terms of payment. A 10% down payment is sought with further payments depending on progress milestones.

The potential mine is located south of Meadow Main Road 57 kilometers by paved highway north of Terrace. The briquette plant would be located in an existing building in Terrace. Briquette making equipment would be purchased as a package from a Chinese supplier.  Coal would be packed in one tonne bags and shipped in containers to customers in China.

Company Profile

Canadian Coal Company is active in project development for new coal mines in western Canada. Our most recent projects have been on Vancouver Island and northern British Columbia. We also offer a range of coal beneficiation, briquetting, and gasification technologies. We have travelled to Japan, Korea and China to develop coal business. 

Canadian Coal is wholly owned by Hanam Canada Corp., a British Columbia based engineering and marketing company established in 1975.  Hanam Canada is experienced in coal business development. Hanam has applied to the BC government for a 300 hectare coal license near the Cedar River. The mine is located on the traditional territory of the Kitsumkalum First Nation and we are seeking their support for the project. Careful implementation is required to minimize environmental and social impacts.

Return of Investment

The cost of the plant would be $7.0 million. The briquette manufacturing plant would generate an income before interest and taxes of about $1.4 million per year. This income could double as the plant improves production and proves it can meet quality targets. The payback on the investment would be about 4 years and the annual rate of return about 25%. 

The price in one tonne bags in a container ranges from $200 to $300/t at a port in Northern China depending mainly on the ash content. A briquette price forecast is $220/t FOB Fairview Container Terminal. The container freight cost between Prince Rupert and Qingdao, China is about $40/t. A direct container shuttle service has recently started between the Fairview Terminal and China.

Contact Information

Helmut Burke, P.Eng., MBA, Project Engineer

Telephone

250-381-6768

Postal address

1165 Burdett Avenue, Victoria, BC, Canada, V8V 3H3

Electronic mail

 hburke@canadiancoal.ca