Description | Information Description |
Expected Lifespan of each mine | +/-15 years |
What is the real deposit of these mines ( Reserves) | 1.1 Million Metric Tons,700 tons unearthed and ready for removal |
Net Profit/Projected | R224,75 Million |
And is there any geological report | Yes,all the geological reports are available ,EIA and MPR but will only be given on BCF and LOI |
Production Potential per month ( Metric Tonnes) | Mining Capacity 40,000 - 50,000 per month at low key/cost |
Type of grade for Mineral Resources | Anthracite Coal |
Type of Mining (open cast or shaft) | Opencast |
Shareholding or Outright Purchase | Purchase price secures a 73% stake in the mines, as 27% of the operations are already BEE compliant, as per government regulations 'Information regarding the 27% stakeholder, will be made available at the Table Top Meeting. |
Sale Price for Mines | Price as below for both 1 & 2 |
Location ( South Africa or Southern Africa etc) | South Africa |
Additional Information | Land 43 hectares .There is a central working/processing plant which is contractually secured by lease.A railway siding adjacent to the CPP |
Additional Information | Yield 75:25 and stripping ratio 3:1:1 |
Green Fields/Brown Fields/Operational/Mineral Rights | Operational |
Coal mine for sale