Project Spotlight
Deloitte & Touche, Inc.
Operations Review and Valuation of Smoky River Coal Ltd.
Location
British Columbia, Canada
Production Rate
3.0 Mtpy of Metallurgical Coal
Equipment Utilized
Shovel/Truck
Continuous Miners
Longwall
Mine Type
Open-Pit Surface Mines
Underground Continuous Miner and Longwall
Coal Preparation
650 tph Heavy Media
Rail/Port
1,100 km CN Rail
Neptune Coal Terminal
As part of a loan restructuring process, Marston was retained to review and value Smoky River Coal Ltd. on behalf of a Senior Secured Noteholders’ Group.
Marston performed quarterly reviews of Smoky’s open-pit and underground mining and processing operations as required by the Loan Restructuring Agreement, and provided on-going operations due diligence analyses for Senior Noteholders during the credit protection period.
In addition, Marston performed a detailed valuation study and metallurgical coal market outlook, and developed alternative mining and closure strategies for Smoky’s coal operations. Marston also developed a detailed Annual Mine Budget as part of a cooperative effort on site with Smoky’s technical staff and executive management.