The company hopes that the project’s proximity to European steel mills and coking plants will ensure that the project to be of major strategic importance to the steelmaking industry.
According to Prairie, metallurgical coal market fundamentals and regional supply/demand dynamics are highly favourable as European steelmakers continue to import over 60 million t of coking coal every year, as metallurgical coal remains on the EU's 'Critical Raw Materials' list’.
Prairie is now attempting to rapidly progress works at the Debiensko mine site to restart production using existing infrastructure.
The Resources Estimate will be used to support the Debienskp Scoping Study which remains on target for completion during 1Q17.
