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FORTUNE MINERALS ANNOUNCES UPDATED DEFINITIVE FEASIBILITY STUDY FOR MOUNT KLAPPAN METALLURGICAL COAL PROJECT
FORTUNE MINERALS ANNOUNCES UPDATED DEFINITIVE FEASIBILITY STUDY FOR MOUNT KLAPPAN METALLURGICAL C...
About this update from Fortune Minerals Limited
[{"type":"text","content":"\n\n\n\n Nov. 4, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nRobust economics verified for new rail haulage strategy to port of Prince Rupert \n\n\nLONDON, ON, Nov. 4 /CNW/ - Fortune Minerals Limited (TSX-FT) ("Fortune" or the "Company") is pleased to announce positive results for the updated definitive\n (*bankable) Feasibility Study for its 100% owned Mount Klappan\n anthracite coal project in northwest British Columbia ("B.C."),\n Canada. This study, by Marston & Marston Inc. ("Marston"), indicates\n very attractive economics for the project using a railway development\n strategy with haulage of coal products by unit train to the port of\n Prince Rupert on the existing Dease Lake Rail Line.  This railway\n transportation strategy is now commercially feasible for the\n development as a result of new capital and operating cost quotes that\n were recently received from the Canadian National Railway Company\n ("CN"), which operates on the Dease Lake Line to Minaret, 150 km south\n of Mount Klappan.  Notably, the railway right-of-way and roadbed has\n already been largely constructed between Minaret and Mount Klappan and\n provides an existing transportation corridor that can be easily\n upgraded.  The railway provides a simple and scalable transportation\n solution for the project that allows Fortune to capitalize on Mount\n Klappan's world class resources.\n\n\nThe Company continues its active dialogue wi...