Transcript Production Schedule

UMSOBOMVU COAL MINING
(PTY) LTD
Company Profile
• Established in 2000
• Sole Shareholder / Director
: Mr Lungani Kunene (CEO)
• Vehicle to enable historically disadvantaged
individuals and organizations to benefit
through implementing new Mining Charter
• Actively seeking reputable company to form
joint venture / mining project partnership to
create foundation for future development.
Typical Shareholding Structure
Empowerment
Groups
7%
Community
Development
Groups
8%
Promoters
75%
Operating Entity
Management /
Employees
10%
Vision Statement
To create wealth and maximize value
for shareholders.
This will result in :
empowering of HDSA
creating job opportunities
earning of foreign exchange
Short Term Strategy
• Establish Company as a reputable and
sustainable BBBEE vehicle emerging as
a preferred joint venture partner in
mining sector
• Develop and grow financial base
necessary to expand in mining sector
• Build and strengthen technical capability
by active participation in operations
Projects
Projects situated in Northern Kwazulu- Natal
Prospecting rights approved and secured :
• Malonjeni
• Pivaanspoort
• Cambrian
Prospecting rights waiting approval :
• Eastkeal
Project : Malonjeni
• Prospecting completed
• Mining License application submitted
• Anthracite quality
• 20 million tons underwritten
• Bankable feasibility prepared
• Mining plans completed
Project : Pivaanspoort
• Prospecting partially completed
• Mining license application to be
•
•
•
•
submitted April 2008
Anthracite quality
5 Million tons underwritten
Bankable feasibility to be completed by
March 2008.
Need to establish previous mining limits
Project : Cambrian
• Prospecting partially completed
• Mining license application to be
submitted June 2008
• Coking Coal & High volatile coal
• 35 Million tons underwritten
• Bankable feasibility to be completed by
April 2008.
Summary of Secured Projects
Project
tons
Quality
Status
Malonjeni
20 m
Anthracite
Geological Info available
License application submitted Mining
plan complete
Bankable Feasibility done
Pivaanspoort
5m
Anthracite
Geological Info available
License application submit May
Mining plan by March
Bankable Feasibility by April
Cambrian
35 m
Coke
Power
Station
Geological Info available, partially
License application submit June
Mining plan by May
Bankable Feasibility by May
Valuation of Projects
(discounted at 12%)
• Malonjeni
•
Anthracite
• Pivaanspoort
• Anthracite
R 74,64 million
R78,87 million
• Cambrian
•
•
Coking Coal /
Power Station
R84,39million