Fitzroy Australia Resources

Fitzroy Resources Ltd is an Australian based coal development company, with two hard coking coal projects in West Virginia, USA. The current global market price for coking coal is at long term lows. Fitzroy intends to take advantage of what the company sees as a temporary opportunity to grow the company's presence as an owner of coking coal assets... by aggressively pursuing opportunities in the Appalachian basin of the United States. Coking coal is a premium coal type, vital in the steel making process. Accordingly, its production is essential to the continued growth in the developed and developing world. Fitzroy intends to be at the forefront of companies that capitalise on the future coking coal price recovery. The current focus of Fitzroy is to explore the coal potential of the Emmaus and Blackstone projects for coking coal and to rapidly develop into a producer of hard coking coal to the US domestic and export markets while continuing to assess further opportunities to grow the company's resource base.Read More