UMSOBOMVU COAL MINING PTY LTD Company Profile Established
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 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 5 m 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 R 74, 64 million • Pivaanspoort • Anthracite R 78, 87 million • Cambrian • Coking Coal / • Power Station R 84, 39 million
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