Description | Information Description |
Status of Mine | Operating |
Location | South Africa |
Minerals | 20% A Grade, 30% High B Grade and 50% C Grade |
Reserves | 220 000 000 mt proven |
Additional Reserves | Options are in place, with surrounding farms. |
Competent Persons Report | Available |
Analysis of Coal | Available Export Quality, Off take agreements is in place. |
Current Production | 200 000 mt per month washed, an additional 50 000 mt of A Grade Run of mine. The mine have the capacity to increase production to 400 000 mt per month |
Rail Siding | 5 km away. |
Mining Method | Open Cast |
Strip Ratio | 1:1 9m overburden |
Yield | 70% |
Life Span of Mine | 30 years |
License | New order Mining Right |
Shareholding for sale | 1 |
Price | Offers from R 2200 000 000.00 |
Procedure | LOI on Company Letter head, Proof of funds but is not needed from an listed Company |
Coal mine: 20% A Grade, 30% High B Grade and 50% C Grade