African Energy Resources (ASX: AFR) is focused on the Sese Integrated Power and Export projects in Botswana and has recently completed the acquisition of the 1.3 billion tonnes Mmamanstwe coal project.
Managing director Frazer Tabeart will present at the Proactive Investors’ "Stars in 2013 Series" Investor Forum on Wednesday, 2nd October 2013.
REGISTER HERE or call (02) 9299 5001 for more information.
The company has completed pre-feasibility studies for the Sese Integrated Power Project and is currently carrying out project partner negotiations.
This comprises an initial one or two 300 megawatt power stations plus 1.5 million tonne per annum “captive” coal mines in Block-C, which has Measured Resources for eight 300 megawatt projects for 30 years.
AFR has submitted a Request for Registration and Information to South Africa’s Department of Energy for the development of a 300MW power station and captive coal mine and also plans to submit an Expression of Interest in response to the Botswana Ministry of Minerals, Energy and Water Resources’ tender for development of a greenfield 300MW coal fired power station.
Concurrently, the company is developing its export strategy for Sese that will see the creation of new >100Mtpa infrastructure, whilst implementing a low‐cost, near-term 10‐20Mtpa interim solution.
Sese has 2.5 billion tonnes of thermal coal including 650 million tonnes in the Measured category.
The acquisition of the 1.3 billion tonne Mmamanstwe coal project from Aviva Corporation (ASX:AVA), which includes Probable Reserves of 895 million tonnes, gives AFR multi-development opportunity.
Cornerstone investor The Sentient Group also brings financial muscle and a project development focus, with its partner SDIC - China’s fifth largest state owned enterprise - well placed to provide additional experience in developing integrated power projects.
Start time: 5:30pm - Please arrive by 5:15pm.
Date: Wednesday 2nd October 2013
Place: Radisson Blu Hotel - Cnr Pitt & O'Connell Street
Four exciting companies presenting (one more to be added), three Lucky Door Prizes which is then followed by a wine and canapé reception where you can personally interact with the presenting MD's & CEOs.
The event is FREE to attend but make sure you REGISTER today as the seats are filling quickly already.
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