Forbes & Manhattan Coal Corp. is a growing coal producer in Southern Africa with two mines: Magdalena and Aviemore. Magdalena has 51.7 million tonnes of measured bituminous coal resources and targets 583,000 saleable tonnes of production in 2013. Aviemore has 35.7 million tonnes of indicated and inferred anthracite resources and targets 242,000 saleable tonnes of anthracite production in 2013. Forbes & Manhattan's vision is to build a high quality bituminous and anthracite coal company producing over 10 million tonnes annually from its mines in Kwa-Zulu Natal, South Africa.
Forbes & Manhattan Coal Corp. is a rapidly growing coal producer in Southern Africa with two operating mines - Magdalena mine producing bituminous coal and Aviemore mine producing anthracite coal. The company has over 51 million tonnes of measured bituminous coal resources at Magdalena and over 35 million tonnes of indicated and inferred anthracite coal resources at Aviemore. Forbes & Manhattan is targeting production of over 2 million tonnes per year through organic growth and acquisitions to become one of the largest coal producers in South Africa. The company is led by an experienced management team with extensive experience in the coal mining industry.
Forbes & Manhattan Coal Corp. is a rapidly growing coal producer in South Africa with two bituminous coal mines and one anthracite coal mine that have over 50 million tonnes of coal resources. The company produced over 923,000 tonnes of saleable coal in fiscal 2012 and aims to increase production to over 2 million tonnes annually through expansions of existing mines. FMC has an experienced management team with extensive experience in the coal mining industry in South Africa.
ForbesCoal Investor Presentation July 2011forbescoal
• 51.7 million tonnes (measured)
Historical Production: • 550,000 tonnes per annum
Target Production: • 900,000 tonnes per annum by 2012
Mining Method: • Bord and pillar underground
Wash Plant: • Dense medium separation plant
• Capacity: 1.5 million tonnes per annum
• Current recovery: 60%
• Target recovery: 70%
Infrastructure: • Rail loop on site
• Road access
• Power and water infrastructure
1. As set out in “An Independent National Instrument 43-101 Technical Report for Forbes Coal on its Slater Coal Properties, KwaZulu-
Forbes Coal is a growing coal producer in South Africa with two operating mines and a total coal resource of over 51 million tonnes. The company aims to triple its annual production to over 1 million tonnes within three years by utilizing existing infrastructure and expanding capacity. Forbes Coal has high quality bituminous and anthracite coal resources and is led by an experienced coal-focused management team positioned to execute on organic growth and acquisition opportunities in one of the best developed coal markets in the world.
Forbes Coal is a growing coal producer in South Africa with two operating mines. It has a total coal resource of 51.7 million tonnes according to its NI 43-101 technical report. The company aims to triple its annual production to over 1 million saleable tonnes by 2013 through organic growth using existing infrastructure and capacity. Forbes Coal has access to export markets in Asia and a long-term offtake agreement, positioning it for multi-year export growth.
Forbes Coal is a growing coal producer in South Africa with two operating mines. It has a total coal resource of 51.7 million tonnes according to its NI 43-101 technical report. The company aims to triple its annual production to over 1 million saleable tonnes by 2013 through organic growth using existing infrastructure and capacity. Forbes Coal has access to export markets in Asia and a long-term offtake agreement, positioning it for multi-year export growth.
Forbes & Manhattan Coal Corp. is an emerging Southern African coal company with two operating mines in Kwa-Zulu Natal, South Africa. The company has a substantial coal resource base of over 51 million tonnes and plans to triple production to 1.5 million tonnes within three years using existing infrastructure. Forbes has high quality bituminous and anthracite coal assets in one of the best developed coal markets in the world and an experienced coal-focused management team to execute its growth strategy.
Strathmore Minerals September Corporate PresentationCompany Spotlight
Strathmore Minerals Corp provided a corporate update in September 2012. It discussed its uranium assets in Wyoming and New Mexico, which contain over 33 million pounds of NI 43-101 compliant resources. Strathmore noted the improving uranium market fundamentals and outlined its strategy to become a leading US uranium producer through the development of projects like Roca Honda in New Mexico and Gas Hills in Wyoming. It also highlighted partnerships with Sumitomo and KEPCO that will help advance its projects.
Forbes & Manhattan Coal Corp. is a rapidly growing coal producer in Southern Africa with two operating mines - Magdalena mine producing bituminous coal and Aviemore mine producing anthracite coal. The company has over 51 million tonnes of measured bituminous coal resources at Magdalena and over 35 million tonnes of indicated and inferred anthracite coal resources at Aviemore. Forbes & Manhattan is targeting production of over 2 million tonnes per year through organic growth and acquisitions to become one of the largest coal producers in South Africa. The company is led by an experienced management team with extensive experience in the coal mining industry.
Forbes & Manhattan Coal Corp. is a rapidly growing coal producer in South Africa with two bituminous coal mines and one anthracite coal mine that have over 50 million tonnes of coal resources. The company produced over 923,000 tonnes of saleable coal in fiscal 2012 and aims to increase production to over 2 million tonnes annually through expansions of existing mines. FMC has an experienced management team with extensive experience in the coal mining industry in South Africa.
ForbesCoal Investor Presentation July 2011forbescoal
• 51.7 million tonnes (measured)
Historical Production: • 550,000 tonnes per annum
Target Production: • 900,000 tonnes per annum by 2012
Mining Method: • Bord and pillar underground
Wash Plant: • Dense medium separation plant
• Capacity: 1.5 million tonnes per annum
• Current recovery: 60%
• Target recovery: 70%
Infrastructure: • Rail loop on site
• Road access
• Power and water infrastructure
1. As set out in “An Independent National Instrument 43-101 Technical Report for Forbes Coal on its Slater Coal Properties, KwaZulu-
Forbes Coal is a growing coal producer in South Africa with two operating mines and a total coal resource of over 51 million tonnes. The company aims to triple its annual production to over 1 million tonnes within three years by utilizing existing infrastructure and expanding capacity. Forbes Coal has high quality bituminous and anthracite coal resources and is led by an experienced coal-focused management team positioned to execute on organic growth and acquisition opportunities in one of the best developed coal markets in the world.
Forbes Coal is a growing coal producer in South Africa with two operating mines. It has a total coal resource of 51.7 million tonnes according to its NI 43-101 technical report. The company aims to triple its annual production to over 1 million saleable tonnes by 2013 through organic growth using existing infrastructure and capacity. Forbes Coal has access to export markets in Asia and a long-term offtake agreement, positioning it for multi-year export growth.
Forbes Coal is a growing coal producer in South Africa with two operating mines. It has a total coal resource of 51.7 million tonnes according to its NI 43-101 technical report. The company aims to triple its annual production to over 1 million saleable tonnes by 2013 through organic growth using existing infrastructure and capacity. Forbes Coal has access to export markets in Asia and a long-term offtake agreement, positioning it for multi-year export growth.
Forbes & Manhattan Coal Corp. is an emerging Southern African coal company with two operating mines in Kwa-Zulu Natal, South Africa. The company has a substantial coal resource base of over 51 million tonnes and plans to triple production to 1.5 million tonnes within three years using existing infrastructure. Forbes has high quality bituminous and anthracite coal assets in one of the best developed coal markets in the world and an experienced coal-focused management team to execute its growth strategy.
Strathmore Minerals September Corporate PresentationCompany Spotlight
Strathmore Minerals Corp provided a corporate update in September 2012. It discussed its uranium assets in Wyoming and New Mexico, which contain over 33 million pounds of NI 43-101 compliant resources. Strathmore noted the improving uranium market fundamentals and outlined its strategy to become a leading US uranium producer through the development of projects like Roca Honda in New Mexico and Gas Hills in Wyoming. It also highlighted partnerships with Sumitomo and KEPCO that will help advance its projects.
This document discusses building a tier 1 mineral sands company. It describes World Titanium Resources' plans to list on the ASX and develop a tier 1 heavy mineral sands project in Australia. The project is expected to have low capital and operating costs, produce ilmenite and zircon/rutile concentrates, and generate robust financial returns. The company aims to begin production in 2014. There is potential for the company's market capitalization and valuation to significantly increase as it advances the project, expands resources, achieves permitting and production.
This document discusses building a tier 1 mineral sands company through the merger of World Titanium Resources and Bondi Resources. Key points include:
1) The merger would create a larger company with increased market capitalization potential to be valued more in line with listed peers on a per tonne of heavy minerals basis.
2) The company's flagship project has the potential to be a long-life, low-cost, and scalable tier 1 mineral sands operation through a simple development concept and robust economics such as a 45% IRR.
3) Initial production of 400ktpa ilmenite and 40ktpa zircon/rutile concentrates is planned for 2014,
Strathmore Minerals Corp provided a corporate update at the Dahlman Rose Uranium Forum in New York on June 5, 2012. The company owns uranium properties in Wyoming and New Mexico, including the Roca Honda project in New Mexico which has a resource of 45 million pounds of U3O8 and is undergoing permitting. Strathmore also owns properties in the Gas Hills district in Wyoming, including an historical resource of 16 million pounds, and is permitting these projects for development. The company signed an agreement with Korea Electric Power Corp to fund exploration and development.
- The document is a disclaimer and overview of forward-looking statements for a gold mining company called Lion One Metals regarding its Tuvatu Gold Project in Fiji.
- It notes the risks and assumptions involved in forward-looking estimates regarding the project's potential resources, development plans, costs, and financial returns.
- Lion One has completed permitting and studies indicating the technical and financial viability of a 600 tonne per day underground mining operation at the high-grade Tuvatu deposit.
Champion & Mumba Business Combination PresentationChampionMines
The document summarizes a proposed business combination between Mamba and Champion Iron Mines. Key points include:
- Mamba will acquire Champion through a plan of arrangement, valuing Champion at C$59.8 million. Champion shareholders will receive 11 Mamba shares for every 15 Champion shares.
- The transaction provides a 42% premium to Champion's share price and strengthens the balance sheet of the combined company.
- The combined company will be well positioned to advance Champion's Consolidated Fire Lake North Project in the Labrador Trough, with the goal of completing a bankable feasibility study within 12 months.
December - Champion and Mamba Merger - Corporate PresentationChampionMines
The document summarizes a proposed business combination between Mamba and Champion Iron Mines to acquire 100% of Champion. Key points:
- Mamba will acquire Champion through a plan of arrangement valued at C$59.8 million, with Champion shareholders receiving 11 Mamba shares for every 15 Champion shares.
- The transaction strengthens the management team and balance sheet with over A$26 million in cash to expedite development of the economically robust Consolidated Fire Lake North Project in Labrador, Canada.
- The combined company will have an enhanced capital markets profile and ability to access project financing due to its international institutional investor base and strengthened financial position.
This corporate presentation provides an overview of Manabi S.A., a new player in the high-grade iron ore arena. Manabi holds over 3.5 billion tons of JORC-compliant mineral resources across 78 mining rights in Brazil. It plans to begin high-grade iron ore production of 31 million tons per year in 2Q2016 from its Dark Hill project, with production from the Pilar Hill project to follow in 3Q2016. Manabi has secured land and water rights, completed feasibility studies, and signed agreements to develop an integrated logistics system to transport iron ore via a planned pipeline and port. The presentation outlines Manabi's assets and milestones, as well as its ownership structure with founding investors and
MMX Mineração is a Brazilian iron ore mining company with operations in Minas Gerais and Mato Grosso do Sul states. It has two operating systems, Serra Azul and Corumbá, with a current combined capacity of 7 million tonnes per year. MMX is expanding its flagship Serra Azul project which has over 1 billion tonnes of reserves and will have a capacity of 15 million tonnes per year. It also has the Porto Sudeste iron ore export terminal with capacity for 50 million tonnes, expandable to 100 million tonnes. 64% of MMX's future production is already committed under long-term contracts with its major shareholders Wisco and SK Networks.
MMX Mineração is a Brazilian iron ore mining company with operations in Minas Gerais and Mato Grosso do Sul states. It has two operating systems, Serra Azul and Corumbá, with a current combined capacity of 7 million tonnes per year. MMX is expanding its flagship Serra Azul project which has over 1 billion tonnes of reserves and will have a capacity of 15 million tonnes per year. It also has its own Porto Sudeste terminal capable of shipping 50 million tonnes annually. 64% of MMX's future production is already committed under long-term contracts with its major shareholders Wisco and SK Networks.
Strathmore Minerals Corp provided a corporate update at the 2012 PDAC conference in Toronto. The company owns uranium properties in Wyoming and New Mexico, including the Roca Honda project in New Mexico which has an NI 43-101 resource of 17.5 million pounds of U3O8. Strathmore also owns properties in the Gas Hills district of Wyoming, including the Beaver Rim property, and plans to submit a mine permit application for Gas Hills in 2012. The company is focused on becoming a leading uranium producer in the United States.
This document discusses Companhia Vale do Rio Doce's pursuit of long-term value growth through continuous improvement and a strong growth outlook. Over the last years it has delivered 20 major projects and pursued portfolio management, acquiring $25.4 billion in assets and divesting $3.6 billion of non-core assets. It is increasing its iron ore capacity to 450 million metric tons per year by 2011 to meet rising demand in China and other markets. The company has an ambitious $7.4 billion capex budget for 2007 focused on organic growth and projects in iron ore, bauxite, alumina, nickel, copper and coal. Disciplined capital allocation has kept its pre-tax return on invested capital
Sage Gold Inc. is a junior mining company focused on developing their Clavos gold and Lynx copper-silver-gold projects in Ontario, Canada into near term producers. [1] The Clavos project has existing underground infrastructure and permits in place, and a preliminary economic assessment indicates potential positive economics. [2] The Lynx project has an open pit compliant resource that could potentially be expanded. [3] Sage Gold aims to finance production at these projects to generate cash flow for the company.
Potash Ridge Corporation is developing the Premium Potash Project in Utah to produce sulphate of potash (SOP) fertilizer. The project involves surface mining of an alunite deposit containing potash and processing it using a proven method. The prefeasibility study estimates average annual production of 645,000 tons of SOP over a 40-year mine life. The study indicates a $1.0 billion after-tax NPV with a 20.5% IRR, establishing the project as a potential low-cost SOP producer. Potash Ridge has a experienced management team with a combined 80+ years in the mining industry.
Potash Ridge Corporation is developing the Premium Potash Project in Utah to produce sulphate of potash (SOP) fertilizer from its Blawn Mountain property. A prefeasibility study estimates average annual production of 645,000 tons of SOP over a 40-year mine life. The project has an after-tax net present value of $1 billion and internal rate of return of 20.5%. The simple, proven process involves surface mining, calcination, leaching and crystallization to produce SOP from the alunite ore. An experienced management team will utilize $1.1 billion in previously completed development work to permit and construct the project, with initial production expected in 2017.
The document discusses Entrée Gold's Ann Mason copper-molybdenum porphyry deposit in Nevada. It contains over 8 billion pounds of copper in the indicated resource category and over 5 billion pounds in inferred. A preliminary economic assessment shows the project could have a net present value over $1 billion and internal rate of return around 15% at a copper price of $3/lb. The deposit remains open at depth and along strike. The document also briefly discusses Entrée's Blue Hill deposit located near Ann Mason, which contains over 500 million pounds of copper in the inferred category.
1. Primero focused on growth in 2011 by doubling production at its San Dimas Gold-Silver Mine in Mexico by 2013 and pursuing additional Latin American acquisitions and exploration opportunities.
2. The document discusses Primero's disciplined growth strategy, recent improvements in operating results at San Dimas, and strong financial position with $58 million in cash providing a platform for growth.
3. It cautions readers that certain statements in the document regarding estimates and expected future performance are forward-looking in nature and subject to risks and uncertainties that could cause actual results to differ materially from expectations.
Objective Capital's Global Resources Investment Conference 2011
Stationers' Hall, City of London
27-28 September 2011
Day 1- Session 3: Strategic metals – the resources everybody wants
Speaker: John Clarke, Great Quest Metals
The document summarizes the results of a positive preliminary economic assessment (PEA) for the Tilemsi Integrated Phosphate Fertilizer Project in Mali. The PEA estimates a 20-year mine life with an after-tax net present value of US$635 million and internal rate of return of 33%. Key highlights include an initial capital cost of US$143 million, operating costs of US$49-91 per tonne, and potential annual production of 1.18 million tonnes of fertilizer products. The project has potential upside from additional exploration across the large land package.
Marathon Oil Corporation reported net income of $193 million for Q2 2002, down from $593 million in Q2 2001. Earnings were lower primarily due to decreased natural gas prices and narrow differentials between sweet and sour crude oil prices. However, results improved over Q1 2002. Marathon strengthened its core asset positions through acquisitions in the Powder River Basin, Equatorial Guinea, and Norway during the quarter. Production averaged 424,000 barrels of oil equivalent per day, in line with guidance for full-year 2002.
This document contains forward-looking statements regarding Iberian Minerals Corp. It discusses the company's goals of maintaining steady production at its Condestable mine in Peru and ramping up production at its Aguas Tenidas mine in Spain. It also mentions reviewing opportunities for mergers and acquisitions to expand into other base metals assets in North and South America or Europe, the Middle East, and Africa. Additionally, it provides an overview of Iberian Minerals' capital structure, corporate structure, its Condestable and Aguas Tenidas mines, and reserves and resources.
Forbes Coal is a growing coal producer in South Africa with two operating mines. It has a total coal resource of 51.7 million tonnes according to its NI 43-101 technical report. The company aims to triple its annual production to over 1 million saleable tonnes by 2013 through organic growth using existing infrastructure and capacity. Forbes Coal has access to export markets in Asia and a long-term offtake agreement to help fund continued production ramp-up from its two mines.
Forbes & Manhattan Coal Corp. is a growing coal producer in South Africa with two operating mines - the Magdalena mine producing bituminous coal and the Aviemore mine producing anthracite coal. The company has a large coal resource base of over 72 million tonnes of bituminous coal and over 50 million tonnes of anthracite coal. In fiscal year 2013, total saleable production was over 958,000 tonnes. The company aims to increase production to over 2 million tonnes per year. Forbes & Manhattan Coal Corp. provides South African and international customers with high quality thermal and energy coal.
This document discusses building a tier 1 mineral sands company. It describes World Titanium Resources' plans to list on the ASX and develop a tier 1 heavy mineral sands project in Australia. The project is expected to have low capital and operating costs, produce ilmenite and zircon/rutile concentrates, and generate robust financial returns. The company aims to begin production in 2014. There is potential for the company's market capitalization and valuation to significantly increase as it advances the project, expands resources, achieves permitting and production.
This document discusses building a tier 1 mineral sands company through the merger of World Titanium Resources and Bondi Resources. Key points include:
1) The merger would create a larger company with increased market capitalization potential to be valued more in line with listed peers on a per tonne of heavy minerals basis.
2) The company's flagship project has the potential to be a long-life, low-cost, and scalable tier 1 mineral sands operation through a simple development concept and robust economics such as a 45% IRR.
3) Initial production of 400ktpa ilmenite and 40ktpa zircon/rutile concentrates is planned for 2014,
Strathmore Minerals Corp provided a corporate update at the Dahlman Rose Uranium Forum in New York on June 5, 2012. The company owns uranium properties in Wyoming and New Mexico, including the Roca Honda project in New Mexico which has a resource of 45 million pounds of U3O8 and is undergoing permitting. Strathmore also owns properties in the Gas Hills district in Wyoming, including an historical resource of 16 million pounds, and is permitting these projects for development. The company signed an agreement with Korea Electric Power Corp to fund exploration and development.
- The document is a disclaimer and overview of forward-looking statements for a gold mining company called Lion One Metals regarding its Tuvatu Gold Project in Fiji.
- It notes the risks and assumptions involved in forward-looking estimates regarding the project's potential resources, development plans, costs, and financial returns.
- Lion One has completed permitting and studies indicating the technical and financial viability of a 600 tonne per day underground mining operation at the high-grade Tuvatu deposit.
Champion & Mumba Business Combination PresentationChampionMines
The document summarizes a proposed business combination between Mamba and Champion Iron Mines. Key points include:
- Mamba will acquire Champion through a plan of arrangement, valuing Champion at C$59.8 million. Champion shareholders will receive 11 Mamba shares for every 15 Champion shares.
- The transaction provides a 42% premium to Champion's share price and strengthens the balance sheet of the combined company.
- The combined company will be well positioned to advance Champion's Consolidated Fire Lake North Project in the Labrador Trough, with the goal of completing a bankable feasibility study within 12 months.
December - Champion and Mamba Merger - Corporate PresentationChampionMines
The document summarizes a proposed business combination between Mamba and Champion Iron Mines to acquire 100% of Champion. Key points:
- Mamba will acquire Champion through a plan of arrangement valued at C$59.8 million, with Champion shareholders receiving 11 Mamba shares for every 15 Champion shares.
- The transaction strengthens the management team and balance sheet with over A$26 million in cash to expedite development of the economically robust Consolidated Fire Lake North Project in Labrador, Canada.
- The combined company will have an enhanced capital markets profile and ability to access project financing due to its international institutional investor base and strengthened financial position.
This corporate presentation provides an overview of Manabi S.A., a new player in the high-grade iron ore arena. Manabi holds over 3.5 billion tons of JORC-compliant mineral resources across 78 mining rights in Brazil. It plans to begin high-grade iron ore production of 31 million tons per year in 2Q2016 from its Dark Hill project, with production from the Pilar Hill project to follow in 3Q2016. Manabi has secured land and water rights, completed feasibility studies, and signed agreements to develop an integrated logistics system to transport iron ore via a planned pipeline and port. The presentation outlines Manabi's assets and milestones, as well as its ownership structure with founding investors and
MMX Mineração is a Brazilian iron ore mining company with operations in Minas Gerais and Mato Grosso do Sul states. It has two operating systems, Serra Azul and Corumbá, with a current combined capacity of 7 million tonnes per year. MMX is expanding its flagship Serra Azul project which has over 1 billion tonnes of reserves and will have a capacity of 15 million tonnes per year. It also has the Porto Sudeste iron ore export terminal with capacity for 50 million tonnes, expandable to 100 million tonnes. 64% of MMX's future production is already committed under long-term contracts with its major shareholders Wisco and SK Networks.
MMX Mineração is a Brazilian iron ore mining company with operations in Minas Gerais and Mato Grosso do Sul states. It has two operating systems, Serra Azul and Corumbá, with a current combined capacity of 7 million tonnes per year. MMX is expanding its flagship Serra Azul project which has over 1 billion tonnes of reserves and will have a capacity of 15 million tonnes per year. It also has its own Porto Sudeste terminal capable of shipping 50 million tonnes annually. 64% of MMX's future production is already committed under long-term contracts with its major shareholders Wisco and SK Networks.
Strathmore Minerals Corp provided a corporate update at the 2012 PDAC conference in Toronto. The company owns uranium properties in Wyoming and New Mexico, including the Roca Honda project in New Mexico which has an NI 43-101 resource of 17.5 million pounds of U3O8. Strathmore also owns properties in the Gas Hills district of Wyoming, including the Beaver Rim property, and plans to submit a mine permit application for Gas Hills in 2012. The company is focused on becoming a leading uranium producer in the United States.
This document discusses Companhia Vale do Rio Doce's pursuit of long-term value growth through continuous improvement and a strong growth outlook. Over the last years it has delivered 20 major projects and pursued portfolio management, acquiring $25.4 billion in assets and divesting $3.6 billion of non-core assets. It is increasing its iron ore capacity to 450 million metric tons per year by 2011 to meet rising demand in China and other markets. The company has an ambitious $7.4 billion capex budget for 2007 focused on organic growth and projects in iron ore, bauxite, alumina, nickel, copper and coal. Disciplined capital allocation has kept its pre-tax return on invested capital
Sage Gold Inc. is a junior mining company focused on developing their Clavos gold and Lynx copper-silver-gold projects in Ontario, Canada into near term producers. [1] The Clavos project has existing underground infrastructure and permits in place, and a preliminary economic assessment indicates potential positive economics. [2] The Lynx project has an open pit compliant resource that could potentially be expanded. [3] Sage Gold aims to finance production at these projects to generate cash flow for the company.
Potash Ridge Corporation is developing the Premium Potash Project in Utah to produce sulphate of potash (SOP) fertilizer. The project involves surface mining of an alunite deposit containing potash and processing it using a proven method. The prefeasibility study estimates average annual production of 645,000 tons of SOP over a 40-year mine life. The study indicates a $1.0 billion after-tax NPV with a 20.5% IRR, establishing the project as a potential low-cost SOP producer. Potash Ridge has a experienced management team with a combined 80+ years in the mining industry.
Potash Ridge Corporation is developing the Premium Potash Project in Utah to produce sulphate of potash (SOP) fertilizer from its Blawn Mountain property. A prefeasibility study estimates average annual production of 645,000 tons of SOP over a 40-year mine life. The project has an after-tax net present value of $1 billion and internal rate of return of 20.5%. The simple, proven process involves surface mining, calcination, leaching and crystallization to produce SOP from the alunite ore. An experienced management team will utilize $1.1 billion in previously completed development work to permit and construct the project, with initial production expected in 2017.
The document discusses Entrée Gold's Ann Mason copper-molybdenum porphyry deposit in Nevada. It contains over 8 billion pounds of copper in the indicated resource category and over 5 billion pounds in inferred. A preliminary economic assessment shows the project could have a net present value over $1 billion and internal rate of return around 15% at a copper price of $3/lb. The deposit remains open at depth and along strike. The document also briefly discusses Entrée's Blue Hill deposit located near Ann Mason, which contains over 500 million pounds of copper in the inferred category.
1. Primero focused on growth in 2011 by doubling production at its San Dimas Gold-Silver Mine in Mexico by 2013 and pursuing additional Latin American acquisitions and exploration opportunities.
2. The document discusses Primero's disciplined growth strategy, recent improvements in operating results at San Dimas, and strong financial position with $58 million in cash providing a platform for growth.
3. It cautions readers that certain statements in the document regarding estimates and expected future performance are forward-looking in nature and subject to risks and uncertainties that could cause actual results to differ materially from expectations.
Objective Capital's Global Resources Investment Conference 2011
Stationers' Hall, City of London
27-28 September 2011
Day 1- Session 3: Strategic metals – the resources everybody wants
Speaker: John Clarke, Great Quest Metals
The document summarizes the results of a positive preliminary economic assessment (PEA) for the Tilemsi Integrated Phosphate Fertilizer Project in Mali. The PEA estimates a 20-year mine life with an after-tax net present value of US$635 million and internal rate of return of 33%. Key highlights include an initial capital cost of US$143 million, operating costs of US$49-91 per tonne, and potential annual production of 1.18 million tonnes of fertilizer products. The project has potential upside from additional exploration across the large land package.
Marathon Oil Corporation reported net income of $193 million for Q2 2002, down from $593 million in Q2 2001. Earnings were lower primarily due to decreased natural gas prices and narrow differentials between sweet and sour crude oil prices. However, results improved over Q1 2002. Marathon strengthened its core asset positions through acquisitions in the Powder River Basin, Equatorial Guinea, and Norway during the quarter. Production averaged 424,000 barrels of oil equivalent per day, in line with guidance for full-year 2002.
This document contains forward-looking statements regarding Iberian Minerals Corp. It discusses the company's goals of maintaining steady production at its Condestable mine in Peru and ramping up production at its Aguas Tenidas mine in Spain. It also mentions reviewing opportunities for mergers and acquisitions to expand into other base metals assets in North and South America or Europe, the Middle East, and Africa. Additionally, it provides an overview of Iberian Minerals' capital structure, corporate structure, its Condestable and Aguas Tenidas mines, and reserves and resources.
Forbes Coal is a growing coal producer in South Africa with two operating mines. It has a total coal resource of 51.7 million tonnes according to its NI 43-101 technical report. The company aims to triple its annual production to over 1 million saleable tonnes by 2013 through organic growth using existing infrastructure and capacity. Forbes Coal has access to export markets in Asia and a long-term offtake agreement to help fund continued production ramp-up from its two mines.
Forbes & Manhattan Coal Corp. is a growing coal producer in South Africa with two operating mines - the Magdalena mine producing bituminous coal and the Aviemore mine producing anthracite coal. The company has a large coal resource base of over 72 million tonnes of bituminous coal and over 50 million tonnes of anthracite coal. In fiscal year 2013, total saleable production was over 958,000 tonnes. The company aims to increase production to over 2 million tonnes per year. Forbes & Manhattan Coal Corp. provides South African and international customers with high quality thermal and energy coal.
Forbes & Manhattan Coal Corp. is a growing coal producer in South Africa with bituminous and anthracite coal operations. It has a total mineable coal resource of 72.5 million tonnes of bituminous coal and 50.8 million tonnes of anthracite coal. The company aims to increase annual saleable production to 2 million tonnes within 3 years by expanding its Magdalena and Aviemore mines. Forbes & Manhattan provides concise summaries of its coal resources, mining operations, production and sales figures, management team, and investment highlights.
Avion Gold Inc. is a gold producer in Mali with plans to increase production from 75,000 ounces in 2010 to 200,000 ounces by 2012. The company acquired additional gold assets in 2010 that increased its total resource base to over 3.9 million ounces. Avion is significantly undervalued compared to its peers based on cash flow and net asset value multiples. Management intends to continue growing production and resources through exploration and development of its large land package.
Marango Mining- Resources & Energy Symposium 2012Symposium
Marengo Mining Limited is developing the Yandera copper project in Papua New Guinea, one of the largest undeveloped copper projects in the Asia-Pacific region. Recent drilling has substantially increased the measured and indicated resource at Yandera Central to 6.5 billion pounds of contained copper. Marengo is working with Chinese partner NFC to finalize an EPC contract for project construction by Q4 2012 and with Chinese banks to finance over 70% of the estimated $1.8 billion capital costs. The project is on track to begin production in 2016 through an open-cut mining operation processing 25 million tonnes per annum to produce copper and molybdenum concentrates.
Rbc african gold conference may 30 2012Teranga Gold
This document discusses Teranga Gold Corporation's growth strategy which includes:
1) Focusing on growing reserves and production at its Sabodala gold mine in Senegal to become a mid-tier gold producer with 250,000-350,000 ounces annually and eventually 400,000-500,000 ounces annually.
2) Expanding the Sabodala mill from 2 million tonnes per annum to around 4 million tonnes per annum to increase production.
3) Building financial strength by eliminating its hedge book, expanding margins through lower costs, and using free cash flow to self-fund exploration to extend the mine life to 10-15+ years.
Mandalay Resources is a Canadian-based natural resource company with producing assets in Australia and Sweden, and care and maintenance and development projects in Chile. The
Company is focused on growing production at its gold and antimony operation in Australia, and gold production from its operation in Sweden to generate near-term cash flow.
This document provides information on Extorre Gold Mines Limited, including its flagship Cerro Moro gold and silver project located in Santa Cruz Province, Argentina. Key details include Extorre's capital structure, management team experience, Cerro Moro's resource estimates, preliminary economic assessment projecting average annual production of 248,000 ounces of gold equivalent for the first five years, and initial project capital expenditures. Cautionary statements are also provided regarding preliminary economic assessments and resource categorizations.
1) Avion Gold Corporation is a growing gold producer in West Africa with exploration upside.
2) The company owns the Tabakoto gold mine in Mali, which is exceeding production expectations from its underground operations and identifying new ore sources.
3) Avion is also working on a PEA for its Hounde gold project in Burkina Faso, expected to be delivered in the second half of 2022.
Avion Gold Corporation is a growing gold producer in West Africa with exploration upside. The company produced over 91,000 ounces of gold in 2011 from its Tabakoto mine in Mali and forecasts production of 90,000 to 100,000 ounces in 2012. Avion also has exploration projects in Mali and Burkina Faso that could further increase its gold production.
Teranga Gold Corporation is a gold mining and exploration company focused on growth in West Africa. It operates the Sabodala gold mine in Senegal, the only large-scale gold mine in the country. Teranga is focused on growing its reserves and production. Its strategy is to become a mid-tier gold producer in Senegal with 250,000 to 350,000 ounces of annual gold production, and then increase to 400,000 to 500,000 ounces annually by leveraging its existing mill and large land package in Senegal. Teranga is also focused on building its financial strength.
Avion Gold Corporation is a gold mining company with operations in Mali, West Africa. It produced 51,000 ounces of gold in 2009 and is projecting production of 75,000-85,000 ounces in 2010. The company has a large land package in Mali totaling over 500 square kilometers that contains a current NI 43-101 compliant resource of over 3.65 million ounces of gold. Avion plans to ramp up production to 200,000 ounces per year by 2012 through mine expansions and exploration drilling. The company trades on the TSX Venture Exchange under the symbol AVR.
Avion Gold Corporation is a new gold producer in West Africa with exploration upside. The company acquired over $100 million in assets including an operating mill and mining infrastructure for less than $0.20 on the dollar. Avion has achieved production of over 35,000 ounces of gold in 2009 at a cash cost below $540 per ounce. The company has a large land position with exploration potential and targets increasing production to over 200,000 ounces per year through reserve and resource expansion and potential mill upgrades. Avion is led by an experienced board of directors and management team with a track record of building successful mining companies.
This presentation provides an overview of Iberian Minerals Corporation and its key assets. Iberian Minerals is a base metals producer with copper, lead, and zinc operations in Peru and Spain. It aims to grow through acquisitions to become a major multi-mine company. The presentation highlights its two main mines, Condestable in Peru and Aguas Tenidas in Spain, discussing their reserves, production levels, and recent developments. Financially, Iberian Minerals had net income of $47.8 million in 2008 and secured project financing for its Aguas Tenidas expansion.
Lago Dourado Minerals is exploring for gold in Brazil at its Juruena gold project. The project covers an extensive gold system with over 0.5 million ounces already extracted by artisanal miners. Drilling has begun on an 18,000 meter campaign to test targets beyond the shallow workings. The company is well financed with $9.2 million raised in an IPO and has an experienced management team to advance exploration and development.
Avion Gold Corporation is a gold producer in West Africa with operations in Mali and exploration properties in Mali and Burkina Faso. In 2012, Avion is forecasting gold production of 95,000-102,000 ounces from its Tabakoto mine in Mali. Avion is also conducting a 60,000 meter exploration program and expects to issue updated resource and reserve reports. A preliminary economic assessment is underway for the Houndé project in Burkina Faso. Avion has a large resource base across its properties and sees potential for production growth through mine expansions and development of new deposits.
Mandalay Resources is positioning its portfolio for renewed future growth through organic production increases at its Costerfield and Björkdal mines. Costerfield is expected to see a major production uplift from the high-grade Youle lode, with continual increases over the next 12-18 months. Björkdal is ramping up underground production. Together, consolidated production is forecasted to grow from 72,000-84,000 ounces in 2019 to over 130,000 ounces by 2021 through the development of high-grade zones. Exploration continues to test for additional high-grade resources to further extend mine lives at both operations.
Crocodile Gold: Up and Coming Australian Gold ProducerCrocodile Gold
Crocodile Gold is an Australian gold producer that began trading on the TSX in 2009. In 2010, it achieved its first full quarter of commercial gold production and net earnings of $2.4 million. Key milestones in 2011 include reaching production at the Cosmo underground mine and Pine Creek open pit mine. Crocodile Gold has over 2,500 square kilometers of exploration ground and an expanding production profile with decreasing cash costs.
QMX Gold Corporation owns the Snow Lake gold mine and Lac Herbin gold mine. A feasibility study for the Snow Lake mine outlined an after-tax IRR of 79% and payback period of 1.7 years producing an average of 83,000 ounces of gold per year over a 5 year mine life. QMX also announced a planned $45 million debt facility to finance the Snow Lake project with an interest rate of LIBOR + 5.5% before commercial production. Mineral reserves for Snow Lake are estimated at 451,900 ounces of gold and resources are estimated at 728,000 ounces measured and indicated and 336,700 ounces inferred.
The document provides an overview of Entrée Gold's Ann Mason copper project in Nevada and its Oyu Tolgoi copper-gold project in Mongolia. It summarizes that the Ann Mason project has over 8 billion pounds of copper in indicated resources and over 5 billion pounds in inferred resources. It also notes that Oyu Tolgoi has over 1 billion pounds of copper equivalent in indicated resources for the Hugo North Extension deposit. The document discusses Entrée receiving $55 million in financing which will allow it to advance its key assets over the next several years.
Similar to Fmc corporate presentation (february 2013) (20)
1. TSX/JSE : FMC February 2013
GROWING COAL PRODUCER IN SOUTHERN AFRICA
Corporate Presentation
A Forbes & Manhattan Group Company
2. Disclaimer TSX/JSE : FMC
This presentation contains forward-looking statements under Canadian securities legislation. Forward-looking statements include, but are not limited to, statements
with respect to the development potential and timetable of the Magdelena and Aviemore projects; the Company’s ability to raise additional funds as necessary;
the future price of coal; the estimation of mineral resources; conclusions of economic evaluations (including scoping studies); the realization of mineral resource
estimates; the timing and amount of estimated future production, development and exploration; costs of future activities; capital and operating expenditures;
success of exploration activities; mining or processing issues; currency exchange rates; government regulation of mining operations; and environmental risks.
Generally, forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”,
“budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or
statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements are
based on the opinions and estimates of management as of the date such statements are made. Estimates regarding the anticipated timing, amount and cost of
mining at the Company’s projects are based on assumptions underlying mineral resource estimates and the realization of such estimates; results of previous mining
activities at the projects, and detailed research and analysis completed by independent consultants and management of the Company; research and estimates
regarding the timing of delivery for long-lead items; and knowledge regarding certain factors described in the technical report filed under the profile of the
Company on SEDAR. Capital and operating cost estimates are based on results of previous mining activities, research of the Company and independent
consultants. Production estimates are based on mine plans and production schedules, which have been developed by the Company’s personnel and
independent consultants. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward looking statements,
including but not limited to risks related to: timing and availability of external financing on acceptable terms; unexpected events and delays during construction,
expansion and start-up; variations in ore grade and recovery rates; receipt and revocation of government approvals; actual results of exploration and mining
activities; changes in project parameters as plans continue to be refined; future prices of coal; failure of plant, equipment or processes to operate as anticipated;
accidents, labour disputes and other risks of the mining industry. Although management of the Company has attempted to identify important factors that could
cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated,
estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from
those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to
update any forward-looking statements except in accordance with applicable securities laws.
Investors are advised that National Instrument NI 43-101 of the Canadian Securities Administrators (“NI 43-101”) requires that each category of mineral reserves and
mineral resources be reported separately. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Johan Odendaal,
B.Sc.(Geol.), B.Sc.(Hons)(Min. Econ.), M.Sc. (Min. Eng.), a director of Minxcon and an independent Qualified Person, as defined in National Instrument 43-101 has
reviewed and approved the scientific and technical information contained in this presentation.
Cautionary Note to U.S. Investors Concerning Estimates of Measured, Indicated or Inferred Resources
The information presented uses the terms “measured”, “indicated” and “inferred” mineral resources. United States investors are advised that while such terms are
recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize these terms. “Inferred mineral
resources” have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an
inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of
feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of measured or indicated mineral resources will ever
be converted into mineral reserves. United States investors are also cautioned not to assume that all or any part of an inferred mineral resource exists, or is
economically or legally mineable.
2
3. Company Overview TSX/JSE : FMC
Forbes & Manhattan Coal Corp.’s (FMC) vision is to build a high quality bituminous
and anthracite coal company with production capacity in excess of
10 million tonnes per year
Company Summary
Headquarters: Toronto, Ontario Total mineable coal 51.7 million tonnes Bituminous
resource (all measured)
(NI 43-101): 50.8 million tonnes Anthracite*
(15.1 million inferred)
Number of 2 (Magdalena Historical annual saleable 923,700 saleable tonnes in
mines: and Aviemore) production: fiscal 2012
Mine location: Kwa-zulu, Natal, 1 year target production: 583,000 saleable tonnes
South Africa (fiscal 2013) Bituminous - Magdalena
242,000 saleable tonnes
Anthracite – Aviemore
110,000 saleable tonnes
Bituminous-bought in
Production capacity: 2 million tonnes
* As set out in the Technical Report of the Company entitled “An Independent National Instrument 43-101 Technical Report on Slater Coal and Subsidiaries,
KwaZulu-Natal Province, South Africa”, dated March 1, 2011, prepared for the Company by Minxcon (the “Technical Report”). A copy of the Technical
Report is available under the profile of the Company on SEDAR at www.sedar.com. 3
5. Mining Resource (Dundee) TSX/JSE : FMC
NI 43 – 101 Global Resource1
Measured Indicated MI Inferred Yearly LOM
ROM2 (t)
Magdalena 51.7 m - 51.7 m - 0.9 mt + 20 years
Bituminous
Aviemore 1.6 m 34.1 m 35.7 m 15.1 m 0.4 mt + 20 years
Anthracite
1. Source: National Instrument 43 – 101 Report (Minxcon March 1, 2011) available under the profile of the Company on SEDAR at www.sedar.com.
2. As per management’s guidance for fiscal 2013
5
7. Magdalena Bituminous Coal Operations TSX/JSE : FMC
Asset Summary
Location: • Dundee, Kwa-Zulu, Natal
Coal Type: • Bituminous
Resource: • 51.7 million tonnes1
Acres: • 4,557
Average BTU: • 12,250 BTU/lb
• 6,800 kcal/kg
Ash: • 15.0%
Volatility: • 16.7%
Saleable • 2011FY2: 556,000 tonnes
Production: • 2012FY2: 748,000 tonnes
Mine Life: • Approximately +20 years
Infrastructure: • Wash plant, processing plant and
siding
1. Source: National Instrument 43 – 101 Report (Minxcon March 1, 2011) available under the profile of the Company on SEDAR at www.sedar.com.
2. Fiscal year-end February 28
7
8. Magdalena Project Area & Mining Rights TSX/JSE : FMC
* Source: National Instrument 43 – 101 Report available under the profile of the Company on SEDAR at www.sedar.com.
8
9. Magdalena Bituminous Coal Production Profile TSX/JSE : FMC
Drilling at Magdalena for potential opencast mine expansion has been
completed, Hilltop exploration drilling license has recently been granted.
Magdalena Saleable Bituminous Coal Production
(000 t)/February 28 year-end
748
556 583
485
449
347 326
299
FY06A FY07A FY08A FY09A FY10A FY11A FY12A FY13E
Magdalena o/c Magdalena u/g
* Source: National Instrument 43 – 101 Report available under the profile of the Company on SEDAR at www.sedar.com.
9
11. Aviemore Anthracite Coal Operations TSX/JSE : FMC
Asset Summary
Location: • Dundee, Kwa-Zulu, Natal
Coal Type: • Anthracite
• 50.8 million tonnes1
Resource:
(15.1 million tonnes inferred)
Acres: • 13,818
• 12,800 BTU/lb
Average BTU:
• 7,100 kcal/kg
Ash: • 13.7%
Volatility: • 7.9%
Saleable • 2011FY2: 92,000 tonnes
Production: • 2012FY2: 176,000 tonnes
Mine Life: • Approximately +20 years
• Wash plant, processing plant and
Infrastructure: siding
1. Source: National Instrument 43 – 101 Report available under the profile of the Company on SEDAR at www.sedar.com.
2. Fiscal year-end February 28
11
12. Aviemore Project Area & Mining Rights TSX/JSE : FMC
* Source: National Instrument 43 – 101 Report available under the profile of the Company on SEDAR at www.sedar.com.
12
13. Aviemore Anthracite Coal Production Profile TSX/JSE : FMC
At Aviemore, a feasibility study for an expansion is underway. There is potential
for 1 million tonnes of ROM per annum.
Aviemore Anthracite Coal Saleable Production1
(000 t)/February 28 year-end
242
176
102 92
59 62 61
20
FY06A FY07A FY08A FY09A FY10A FY11A FY12A FY13E
1. Source: National Instrument 43 – 101 Report available under the profile of the Company on SEDAR at www.sedar.com.
13
14. Results TSX/JSE : FMC
Q1 2013 Q2 2013 Q3 2013
(March – May 2012 ) (June – Aug’ 2012 ) (Sept’ – Nov’ 2012 )
Revenue $ 20.8 million $ 23.39 million $10.83 million
Gross Profit $ 1.81 million $ 2.35 million -$2.29 million
Consolidated EBITDA $ 2.45 million $ 2.72 million -$3.39 million
Q1 2013 Q2 2013 Q3 2013
(March – May 2012 ) (June -Aug’ 2012) (Sept’ – Nov’2012)
Run of Mine
387,075 414,551 246,002
Production (t)
Saleable
244,605 256,583 152,013
Production (t)
Total Sales (t) 234,997 284,196 147,254
14
15. Responsible Development TSX/JSE : FMC
• Good working relationship with its two
unions: National Union of Mineworkers
(NUM) and Amalgamated Mining &
Construction Union (AMCU)
• Labour contracts are negotiated on an
annual basis
• Recent labour disruption was settled
November 16, 2012 resulting in an
average wage increase of 14.8%
• Implementing internationally recognized
safety, health, environmental and quality
management systems
• Adheres to the tenets of the Mining
Charter and promotes local
procurement and procurement from BEE
companies
• Committed to developing local
communities
15
16. Experienced Management Team TSX/JSE : FMC
Stephan Theron, B.Comm, CGA │President and Chief Executive Officer
Extensive management, project finance and equity analysis experience in the mining, energy and infrastructure
sectors. Previous capital and project experience includes Weir PLC and AMEC PLC as well as former sector head
materials and energy with a specific focus on South African coal market.
Malcolm Campbell, Pr. Cert. Eng. (Mining) │Chief Operating Officer
Fourth generation coal miner with 25 years industry experience. Skilled in operational management, turnaround
strategies and business development. Spent 20 years with Anglo Coal; held a variety of positions including regional
manager for new business development and strategy.
Deb Battiston, CGA │Chief Financial Officer
Financial specialist with over 20 years experience in the mining sector.
Sarah Williams, CA │Vice President Finance
Chartered Accountant (SA) with nine years experience in the corporate finance industry and expertise in the resource
sector where she played key roles in company listings and IPOs, mergers and acquisitions, restructurings and debt and
equity capital raisings.
Kevern Mattison, NHD (Mining), B. Tech.│General Manager
More than 20 years operational coal mining experience and spent over 20 years with Anglo Coal, most recently as a
manager of mining.
Fanie Müller, B.Sc. Eng., M. Eng. │ Group Manager - Technical Support Service
A Professional Mining Engineer registered with the Engineering Council of South Africa. Project experience in
commodities ranging from coal, gold and diamonds to platinum and uranium. The foundation of his career in mining
was initiated at Anglo Coal. He joined Forbes Coal as the Group Technical Services Manager in 2010.
16
17. Directors TSX/JSE : FMC
Stephan Theron, B.Comm, CGA , │ President and CEO
Craig Wiggill, B.Sc. Eng. │ Chairman of the Board
Has held management, executive and directorship positions on several international mining companies in the coal sector
and, as CEO of Coal Americas at Anglo American plc. was responsible for all of that company’s coal activities in North and
South America. He was previously Managing Director of Anglo Coal Marketing Ltd from 2000 to 2004.
Stan Bharti, P.Eng. │ Director
Business consultant and a professional mining engineer with more than 25 years experience
President of Forbes & Manhattan, Inc., a private merchant focused on the resource sector, since July 2001.
John Dreyer, │ Director
Mr. Dreyer is a qualified South African lawyer, CEO of Tavistock Coal and executive director of Anglo American Platinum. He
served as chairman of ASX listed Firestone Energy until 2011. Mr. Dreyer currently serves on the board of ASX listed Cobar
Consolidated Resources where he also serves on the audit committee.
Bernard Wilson, │ Director
An advisor in corporate finance and investment banking. Notable leadership roles include serving as the Chairman of the
Canadian Chamber of Commerce (with 175,000 members), Chairman of the Canadian Council for International Business,
Chairman of the International Chamber of Commerce, as a member of the Canada/US Trade Committee and Chairman
Founders Board of the Institute of Corporate Directors.
Ryan Bennett, M.Mining Eng. │ Director
Masters degree in Mining Engineering from the Colorado School of Mines with extensive technical mining project analyses
experience. Senior Partner of Resource Capital Fund;(significant shareholder in Forbes Coal).
Michael Price, B.Sc., Phd. │ Director
Thirty-five years experience in mining and mining finance. After working for BP Coal, BP Minerals and BP Exploration in various
mine management and business development roles Mr. Price moved into mining finance with NM Rothschild & Sons, Societe
Generale and Barclays Capital. Mr. Price is now a Non-Executive Director of several mining companies and he is an
independent adviser on mining finance as well as the London Representative of Resource Capital Fund .
17
18. Investment Highlights TSX/JSE : FMC
• Resource base of high quality bituminous and anthracite coal in one of the best developed
coal markets in the world
• Goal to triple organic production within three years from 2010 historic levels using existing
infrastructure and capacity
• Established infrastructure to reach export corridors and growing domestic market
• Delivering on goals to increase sales while lowering production costs, resulting in strong
EBITDA
• Experienced coal-focused management team
18
19. Share Price Performance TSX/JSE : FMC
Ticker Company Exchange YTD performance Capitalization
FMC Forbes Coal TSX -83% Shares Outstanding 34.8 million
UNV Universal Coal ASX -66% FD Shares Outstanding 39.5 million
IKW Ikwezi Mining ASX -73%
Closing Price (Jan 17, 2013) C$0.60
CCC Continental Coal ASX -83%
Trading Range C$0.48 – $2.03
CZA Coal of Africa ASX -73% (52 week)
Market Capitalization (Basic) C$20.88 million
Market Capitalization (FD) C$23.7 million
Source: Google Finance; 23 January 2013
19
20. Strategy and Business Plan TSX/JSE : FMC
Magdalena
• Continuing exploration program on the recently granted Hilltop exploration license;
• Increasing production capacity with additional mechanisation, and operational efficiency initiatives;
• Ramp-up saleable production up to 1,000,000 tonnes for the year;
• Investigate regional possibilities for the relocation of the opencast at the end of the current extension;
• Increase wash plant recovery rates from the current level of 62% to 68%;
• Investigate product upgrade potential.
Aviemore
• Achievable saleable production up to 300,000 tonnes for the year;
• Progress exploration and feasibility study for the expansion of1 million ROM tonnes per year producer.
Improve operational efficiencies by:
• Further develop management team with international experience;
• Explore opportunities to increase sales and exports;
20
21. New Opportunities TSX/JSE : FMC
Where?
• Forbes Coal to stay focused on Southern Africa. Most of the coals in Southern Africa can be washed to
produce an acceptable export thermal product.
• Lack of both infrastructure and investment are the main reasons why production and exports remain
constrained.
• The countries that are viewed to have the best potential for coal projects are South Africa, Botswana,
Mozambique, Zimbabwe, Tanzania and Swaziland.
• Opportunities have already been reviewed in most of the Southern African countries
How?
• Acquisitions
• Farm in options
• Licence applications
• Outright acquisitions preferable for operational assets and advanced projects
• Farm in options help mitigate against the risk of huge capital outlay. This is the preferred entry opportunity
for exploration projects
• Licence applications will only work in countries with robust and transparent licence frameworks (e.g
Botswana, Mozambique)
21
23. Current Company Structure TSX/JSE : FMC
Forbes Coal Ownership Structure
Forbes and Manhattan Coal Corp.
(Ontario, TSX/JSE Listed)
100%
Forbes and Manhattan Coal Inc.
(Ontario)
100%
100%
Corondale Prospecting and
Forbes Coal (Proprietary) Limited Bowwood and Main 33 (Pty) Ltd
Mining (Proprietary) Limited
Dormant Company 100% (South Africa) (South Africa)
70%
Zinoju Coal (Proprietary) Limited BEE
(South Africa) 30% (Nulane)
100% 100%
Magdalena Aviemore
Bituminous Coal Anthracite Coal
23
24. Production – ROM - Quarter TSX/JSE : FMC
ROM tonnes
450,000
400,000
350,000
Quarterly ROM tonnes
300,000
250,000
200,000
150,000
100,000
50,000
0
ROM Magdalena ROM Aviemore
24
27. Revenue and Sales Tonnes (CAD$) TSX/JSE : FMC
Revenue and sales tonnes
40 400
API4$ pricing decreased
from $118 to $82.
35 350
30 300
Sales tonnes ‘000
Revenue $’m
25 250
20 200
15 150
10 100
5 50
0 -
FY11Q1 FY11Q2 FY11Q3 FY11Q4 FY12Q1 FY12Q2 FY12Q3 FY12Q4 FY13Q1 FY13Q2 FY13Q3 FY13Q4
FC
Revenue $'m Sales tons'000
Notes:
1) The API4$ price has decreased significantly from FY12Q3. Export contracts on API4$ account for 50%-60% of
total sales. This has impacted on revenue and margins.
2) Average API4$ pricing for FY13Q3 was $82 per tonne
27
28. Access to Export Markets TSX/JSE : FMC
• For Fiscal 2012 Forbes Coal reported record export sales of 578,000 tonnes an increase of
179% from Fiscal 2011, reflecting strong demand from export markets
• Global thermal trade flows show India and China as major global importers of thermal coal
• South Africa exported an estimated 23 million tonnes of thermal coal to India in 2010
• Asia dominates demand for anthracite coal
• 83% of global imports; 95% of expected export demand growth
Global Thermal Coal
Trade Flows
1. Source : Company Reports
28
29. TSX/JSE : FMC February 2013
CONTACT INFORMATION
Stephan Theron Samantha Thomson
President & CEO Investor Relations Manager
Forbes & Manhattan Coal Corp. Forbes & Manhattan Coal Corp.
Tel: + 1 416 861 5912 Tel: +1 416 309 2957
Email: info@forbescoal.com Website: www.forbescoal.com
65 Queen Street West, Suite 815 P.O. Box 71, Toronto, Ontario, Canada, M5H 2M5 29