Mindset

info@mindsetcoal.co.za
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+27 (12) 347 3152 +27 (86) 670 6862
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The Willows
South Africa
298 Stokkiesdraai Str.
Erasmusrand
Gauteng
South Africa
0181

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Anglo American Thermal Coal

Evaluation of the Two Coal Assets Project

01/ Location South Africa – Mpumalanga
02/ Project Timeframe

January 2013 – March 2013

03/ Services Offered

Studies


Mindset was engaged by Anglo American Thermal Coal to provide a High-Level Evaluation Report on two Resource Areas. Mindset was to assess the viability of establishing an opencast operation on one Resources with a view to ascertain whether itcan be developed on a stand-alone basis; and then to further evaluate the upside potential by the addition of the second Resources.

/ SCOPE OF PROJECT

/ All 4 Seam coal from the Resource Area is to be size by means of a small mobile or fixed crushing and screening plant, for dispatch on a free on truck basis to Eskom.

/ All 2 Seam coal from the Resource Area is to be dispatched to antoher Colliery for beneficiation, on an As Delivered basis.

/ All coal from the second-identified Resource Area is to be combined and sized by means of a small mobile or fixed crushing and screening plant, for dispatch on a free on truck basis to Eskom.

/ The economic viability of mining a small-identified 5 Seam area on the intial Resource must be determined.

/ The discard from the 4 Seam is to be handled either by constructing a disposal site or to be disposed of in-pit.

/A potential production target is 100,000 tons per month.

/ Opencast mining operation is to be mined by a Contractor and a life of mine is to be determined for both the stand-alone and combined versions for the Project.

/ The two properties are to be analysed as sequentially mined.

/ DELIVERABLES

/ Mindset delivered a report which provided estimates on the first Resource with 80% accuracy and on the second Resource with 50% accuracy, based solely on current available capital and operating information.