Allegiance's Tenas project proves up

A definitive feasibility study (DFS) into the Tenas coal project, in British Columbia, has found that the project could produce some 750 000 t/y of saleable coal. ASX-listed Allegiance Coal on Monday reported that the DFS estimated a 22-year mine for the project, extracting just 15% of the entire resource of the grater Telkwa coal resource, with the Tenas project projected to deliver some A$121.3-million in annual revenues.