It will provide $17.2 million in additional payments to Fortune Coal based on future milestones. POSCAN will fund 20% of operating costs and receive 20% of the product produced from the project. Fortune will serve as manager of the joint venture and will be compensated, on a recovery basis, for providing operational, technical and administrative support over the life of the mine. Mt Klappan is considered one of world’s largest undeveloped deposits of metallurgical coal with measured resources of 107.9 million mt, indicated resources of 123 million mt, and inferred resources of 359.5 million mt.