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Email ArticleCoal-mining company LontohCoal has completed a scoping study for a five-year project of between $5-billion and $7-billion to develop a 50 000 bl/d coal-to-liquid plant at the Lubimbi coalfield in Zimbabwe.
A detailed design is currently being undertaken, said LontohCoal CEO Tshepo Kgadima.
“A scoping study is also under way for the development of a 1350 km coal slurry pipeline, extending from Zimbabwe to Mozambique, with a capacity of between 15-million tons and 18-million tons a year throughput. The project is expected to be completed in the next three years,” he added.
LontohCoal aims to list the company on the Hong Kong stock exchange mid-2012.
Mining company Sable Mining noted that historical work at the Lubimbi project had shown in situ coal in excess of one-billion tons.
Mining Weekly reported in July that Sable Mining, through its wholly controlled subsidiary Somedon Investments, acquired a 49% stake in Zimbabwe mining company Liberation Mining, which owns the Lubimbi coalfield.
Previous results suggest high-grade thermal coal and a soft or blend coking coal can be produced.
Lubimbi is a medium-coking and thermal coal deposit with a 400-million-ton mine- able coal reserve on an 850 ha block in the Gwaai area of the Kariba coal basin, in Zimbabwe.
Further, drilling is under way at Sable Mining’s 786-million-ton resource, the Lubu coal project, in the Karoo mid- Zambezi coal basin.
The company believes there is a strong likelihood of a resource of over two-million tons between the two projects.
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