Western Goldfields Group Limited
 
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Coal to Power project...

 

COAL SUPPLY SUSTAINABILITY DETAILS:

  1. Overall large reserves-  over 2 billion metric tonnes,
  2.  Proven reserves - 650 million tonnes
  3.  Quality:
    •  Low sulphur bituminous and sub-bituminous coal
    •  High calorific value
    •  good storage characteristics
    •  high export potential
  4.  Geographical coverage: Our Kogi, Benue Enugu & Delta  blocks
  5.  Reserves overview: from seams over one meter thick, are (in million tonnes)
    •  Ogboyoga (100), Okaba (70), Orukpa (60), Ezimo (50), and Enugu (50)
    •  Mine production capacities on full operation: Owukpa (2,500 tonnes/year) and Okaba (15,000-300,000 tonnes/ year).

(Afonja, 1979).

COMPETITIVE ADVANTAGES

  • Low production costs and efficiencies
  •  Nearness to target markets
  •  Cheaper delivery costs
  •  Horizontal/Vertical integration with related companies to manage demand risk
  •  Balanced Portfolio
  •  Business Model

POWER & MET COAL

  • Provide power coal alternative fuel to power electric power plants
  • Lock in long term demand in supply                 contracts
  • Provide power coal and met coal power steel plants
  • Via open cast and underground mines around key industrial plants

POWER INDUSTRIAL PLANTS

  • Provide in-house energy for cement manufacturers and steel plants
  • Catalyze demand for our marble/limestone and iron ore proven reserves
  • Revenue streams from products sales and from related end-user companies.
  • Stimulate other derivative businesses

POWER IPPs

  • Provide coal power fuels for related company IPPs
  • provide coal power for other IPPs
  • Revenue streams from products sales and from power uptakers
  • Stimulate other derivative businesses

WGG plans limited exports to hedge forex risks from foreign borrowings repayments

  • Huge export potentials to especially the UK and Italy and other European countries due to Nigeria’s low sulphur content considered environmentally acceptable
  • Carbomin (UK) and Nigerian Coal Corp JV last exported 40,000 tonnes in 1991 from          the Onyeama mines in Enugu

DOMESTIC COAL

    • Process coal into domestic cooking coal into briquettes via JVs with other investors
    • Target northern states governments to distribute and maybe subsidise cooking coal.
    • Revenue source via tax credits from carbon credits funds
    • Environmentally friendly – anti-deforestations

     

     

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