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Production / Operations

Forge Encounters Coal Seam amid Rising Coal Prices and Completes Resin Injections at La Estrella, Colombia

By The Northwire Desk — AI Analysis Jan 20, 2026 · 08:32 FRG · 0.47 Forge Resources Corp.
FRG · Price

Executive Summary

  • Forge Resources provided an operational update on the La Estrella coal project, noting a re‑encounter of a 1.1 m wide coal seam at the underground ramp development face.
  • The company is implementing additional reinforcement measures (resin injection and self‑drilling bolts) to enhance safety and long‑term performance of the main access tunnel.
  • A market overview highlighted strong demand and price recovery for both metallurgical and thermal coal, positioning La Estrella favorably in the current environment.

Key Details

  • Re‑encountered a known coal seam at the underground ramp face; seam width measured 1.1 m, confirming continuity of the La Estrella coal system.
  • No new assays are planned because laboratory analysis for this horizon has already been completed.
  • Reinforcement activities underway with Grupo A and Webber Mining & Tunneling: resin injection and self‑drilling bolts added to existing TH25/TH29 steel arches, timber lagging, and electro‑welded mesh.
  • Main access tunnel (underground ramp) remains the critical infrastructure for project development; enhancements aim to improve safety, durability, and long‑term performance.
  • Coal market conditions: U.S. domestic consumption up 7–8% YoY; China commissioning new coal‑fired plants; India’s infrastructure expansion driving demand toward ~8.8 bn t/yr.
  • Metallurgical coal price (blended FOB) currently USD 177 per metric tonne (CAD 246); thermal coal ranging from USD 120 to USD 95 per metric tonne.
  • Company holds 80 % of Aion Mining Corp., operator of La Estrella, and an option on the Alotta porphyry copper‑gold‑molybdenum project in Yukon.

Notable Quotes

“Underground development at La Estrella continues to progress steadily, and the re‑encounter of a coal seam at the underground ramp face further strengthens our confidence in the coal deposit… we are proactively enhancing the main access tunnel to support safety, durability, and long‑term performance.” – PJ Murphy, CEO, Forge Resources Corp.

Read the original news release →

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