Mindset

info@mindsetcoal.co.za
Contact No: Fax No:
+27 (12) 347 3152 +27 (86) 670 6862
Postal Address: Physical Address
Postnet Suite 504
Private Bag X1
The Willows
South Africa
298 Stokkiesdraai Str.
Erasmusrand
Gauteng
South Africa
0181

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Canyon Coal

Due Diligence Study

01/ Location Ulundi, South Afica
02/ Project Timeframe
03/ Services Offered

Studies


Canyon Coal commissioned Mindset to conduct a Due Diligence study on  its Budget & Capital Estimates.

/ SCOPE OF PROJECT

/ Review geological information
/ Mining review
/ Equipment inspection
/ Investigate infrastructure
/ Mining Planning and Production review, specifically reviewing:
− LOM vs output expectations
Accuracy/ availability vs actual mining conditions
− Production history and comment on targets, efficiencies, major causes for over-/ under achievement, etc.
− OPEX history compared to budget and forecast
− CAPEX and provisions compared to LOM Plan
− Benchmark against other operations

/ Review the labour and management practices
/ Assess the health and safety systems
/ Overview and comment on the capital expenditures, specifically:
− General cost summary
− Mining
− Processing
− Infrastructure
− SIB capital
− EPCM costs (projects in progress)

/ Overview and comment on the operating costs in terms of:
− Mining
− Processing and discard
− Infrastructure
− Capitalised component breakdown

/ DELIVERABLES