All-Canadian royalty portfolio
Cheviot (metallurgical coal)
west central Alberta, Canada
|LTM (as of January 31, 2016) Royalty Revenue||$1.74 million|
|Annual production capacity||2.0 mt|
|Reserves||20 mt (as per Teck's website (http://www.teck.com/operations/canada/operations/cardinal-river/)|
|Estimated Mine Life||10 years|
The Cheviot (Cardinal River) mine is wholly owned by Teck Resources and is located in west central Alberta.
The Cardinal River mine primarily produces metallurgical hard coking coal, and at recent production levels has an estimate mine life of approximately 10 years.
Royalty revenue from Cheviot is not as stable as the thermal coal royalty revenue in the Prairies Royalties portfolio as it is based upon the realized selling price of Cheviot metallurgical coal thus varies with market price.Previous Page
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