Higher coal prices put fire in Jameson belly

Coal developer Jameson Resources is working to lower the operating and capital costs for its Crown Mountain coking coal project, in Canada, in an effort to take advantage of the higher coal price environment. Jameson, which is in the pre-application phase for its environmental assessment process at the Crown Mountain mine, noted on Monday that when combined with the current Canadian and US dollar exchange rates, the surge in the price of coking coal resulted in the project economics approaching those presented in the 2014 prefeasibility study (PFS) for the project.