Prescient presentation - Petmin
Prescient presentation - Petmin
Prescient presentation - Petmin
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South Africa’s largest anthracite producer, Somkhele, has<br />
a capacity of 1.3 Mtpa of specialised metallurgical coal<br />
Sources: CAMR, Feb 2010<br />
24<br />
Somkhele highlights<br />
Location • KZN, 85km north of Richards Bay Port<br />
Mining<br />
Commissioning<br />
Reserves and<br />
Resources<br />
Mineral Rights<br />
Plant<br />
People<br />
• Five areas with four coal seams (Areas 1 and<br />
2 under production)<br />
• B Seam up to 15m thick<br />
• Acquired in 2005 at pre-feasibility stage<br />
• Commissioned opencast mine and plant in<br />
June 2007<br />
• SAMREC-compliant resources of 51 Mt<br />
• Areas 1-3 reserves = 23.3 Mt<br />
• Process underway to ensure 20 year LOM<br />
• New Order Mining Rights for Area 1<br />
• Conversion of Areas 2 and 3 granted<br />
• Prospecting rights successfully renewed for<br />
Areas 4 and 5 covering 22,000 ha<br />
• Plant 1 capacity: 530,000 saleable tpa<br />
• Plant 2 capacity: 850,000 saleable tpa<br />
• 800 employees (including contractors)<br />
• 80% of employees are from local community<br />
US$/t<br />
800<br />
700<br />
600<br />
500<br />
400<br />
300<br />
200<br />
100<br />
0<br />
Anthracite and coke price comparison<br />
Mar-06<br />
Jun-06<br />
Sep-06<br />
Dec-06<br />
Mar-07<br />
Jun-07<br />
Sep-07<br />
Dec-07<br />
Mar-08<br />
Jun-08<br />
Sep-08<br />
Dec-08<br />
Mar-09<br />
Jun-09<br />
Sep-09<br />
Dec-09<br />
Mar-10<br />
Anthracite lumps c&f, Northern Europe China export coke<br />
…Committed …A PLATFORM to growth, FOR dedicated GROWTH to value
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