Acacia Coal's South African project proves promising

Australian junior Acacia Coal has completed a prefeasibility study (PFS) for the Riversdale anthracite colliery, in South Africa, which estimates that the project will require a capital investment of A$24-million. The project, which Rio Tinto sold to Acacia Coal last year, is expected to produce 438 000 t/y of low impurity anthracite coal and will generate free operating cash flow of A$14.5-million over an eight-year mine life.