[miningmx.com] — KEATON Energy Holdings on Tuesday declared a 24% increase in the coal reserve of its Mpumalanga-based Vanggatfontein project to 32.2 million tonnes – 22.3 million tonnes in the proved category and 9.9 million tonnes in the probable category.
The declaration is contained in an updated Samrec-compliant East Resource Block: coal reserve and resource statement, released by the company following further exploration drilling on the project and completion of a feasibility update report.
The updated gross tonnes in situ coal resource estimate for the east resource block is 84.2 million tones, Keaton said.
Keaton Energy MD Paul Miller said: “With the 5-Seam plant currently being commissioned, 5-Seam coal being produced from the open pit and a run-of-mine stockpile in place, the Vanggatfontein project is well under way. The 2 & 4-Seam plant is under construction with first deliveries to Eskom expected in the second quarter of 2011. We are pleased that this updated reserve statement confirms the project’s robustness, and firmly supports our current development strategy”.
The Vanggatfontein East Resource Block: coal resource and reserve statement referred to in Tuesday’s announcement is an extract from the October 2010 Vanggatfontein East Resource Block Resource and Reserve Report.
