The Quintette coal project (96ee627b-a342-4ea7-a0e8-7394b1a8b815)

"The Quintette Coal Limited property is located in the north east coal area of British Columbia. A basic agreement with the Japanese steel industry was ex ecuted on January 27, 1981 for the sale of 69.5 million tonnes of Quintette metallurgical coal over a 14.5-year period. This contract period can be extended by Jive years by mutual agree ment. Sale agreements have also been signed for the sale of 19.4 million tonnes of oxidized coal over a 15-year period. Work started on site development in the late summer of 1981, and at present, two of the four eventual pits-the McConkey and Frame-are under development. The pits are currently in a pres/ripping phase. These pits are notable for the stripping volumes that have to be removed from relatively small pit areas. in order to provide for the required detailed rapid short-range planning of these pits, engineering will be computerized, as will the truck dispatch system. The mining area lies 21.1 km from the plant site by road and the transport of raw coal LO the plant is by means of a highspeed conveyor system which has a total length of 13.4 km with a vertical drop of 740 m. The surface plant facility was designed on a modularized basis to facilitate maintenance, and is designed to enable the use ofgravity flow ofraw coal and heavy media in the plant to minimize the use of pumps. The construction of the plant and mine site facilities is on-going, and the first coal production is scheduled for early December 1983. Introduction Quintette Coal Limited is a Canadian company incorporated in the province of British Columbia in 1971. Denison Mines Limited is the manager of Quintette's activities. Equity in Quintette Coal Limited is held by several shareholders, with interests as follows: Denison Mines 'Limited, 500Jo; Charbonnages de France International S.A., 120Jo; and Japanese interest, 38%. The project will develop almost 120 million tonnes of coal for marketing during its first 20 years of production. All of the planned production tonnage has been committed to Japanese markets. Most of the coal will be metallurgical grade, and the remainder will be a high-quality thermal coal. The Mcconkey and Frame pits, which will initially provide the mine's production, will commence production in early December 1983 and will, in 1985, reach the full annual production of 5 million tonnes clean metallurgical coal and 1,380,000 tonnes of clean thermal coal."