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Balamara PFS promises 'exceptional' returns

Balamara Resources has published results from the pre-feasibility study for the Sawin thermal coal project in Poland, which it is hailing as promising “exceptional returns”.

The projections include after-tax net present value of US$921 million and cumulative free cash-flow of US$1.75 billion from a capital outlay of US$151 million. A 51-year initial mine life is expected.