The Minerals and Mining Supplement in the November 19 edition of The
Times of London included description of the activities of Peat Resources
Limited, including excerpts from an interview with our CEO, Peter
Telford.
Please see the attached full
version of the supplement and note the information on page 10
regarding Peat Resources Limited.
The Company's mission is to
establish the viability of peat as an
alternative fuel for existing power stations,
and for export of the technology to other
countries. Peat fuel is an economical, and more
environmentally friendly, substitute for coal.
The environmental benefits of burning peat as a
fuel are considerable. Peat has a sulphur
content which is less than most coals and
minimal
mercury. Efforts to reduce acid rain by
decreasing sulphur emissions makes peat fuel
attractive to a wide range of industries and
electrical utilities.
Recent Progress
Ontario
Ministry of Energy
An assessment of the
Viability of Exploring Bio-Energy Resources
Accessible to the Atikokan Generating
Station in Northwestern Ontario
For the Full Final
Report, please follow the link below.
Peat Resources Limited has made significant
progress towards its goal of developing a
peat fuel industry in northwestern Ontario.
Since the release of its
resource evaluation report by DST
Engineering in March 2005, the company has
completed work in several key technical and
regulatory areas. The resource evaluation
report identified over 20 million tonnes of
fuel-grade peat (peat at 10% moisture
content) in a Land Use Permit area centred
on Upsala, about 130 km northwest of Thunder
Bay.
Peat Resources Limited is
very sensitive to environmental concerns and
has contracted several consultants and
engineering firms to advise on the
development of acceptable peat harvesting
and processing systems. These include:
SENES
Environmental Consultants has
completed a methane monitoring
program on the company's
peatland. Peat bogs emit methane
which is a greenhouse gas 21
times more harmful than carbon
dioxide. The wet peat
harvesting will stop the methane
emissions.
MTI Holland, a specialist
in wet peat harvesting, has
prepared recommendations for
extraction systems and
equipment.
Options for peat drying
processes are being reviewed and
tested by institutions in
Canada, US and Europe.
As part of its
regulatory compliance, Peat
Resources Limited has submitted an
Application to Develop to the
Ontario Ministry of Natural
Resources (MNR). This is the first
formal step in the Class
Environmental Assessment process
administered by MNR.
Peat Resources Limited,
an Ontario company, has developed a wet
mining process, using conventional
equipment, to produce peat fuel. The process
starts with wet mining of raw peat. A
proprietary upgrading step is followed by
mechanical dewatering to 40% solids (by
weight) through a continuous high pressure
press. The dewatered peat is then dried
thermally to the desired moisture content to
achieve a density comparable to coal.
