From half yearly as pointed out by a poster elsewhere(thanks) referring to the status of Mantle's current leased offices -
""Leasing commitments The Company has entered into an operating lease on office space expiring 6 March 2015.""
Adds a little interest to the fact that Ex have just leased a new bigger premises but of course may be totally unrelated.
Talking about Exergen, and their move to within a stone's throw of (Tata held) Geodynamics, Theiss & Sedgman, it is worth having a look at Exergen's plans as laid out in the CAG papers when Ex was looking to list thru them. -
" About Exergen
Exergen's business plan and strategy centres on leveraging its technology into resource development opportunities through a range of commercialisation pathways servicing the growing Asian market. Following a successful 10 year research and development process, focused on environmentally responsible clean coal technology,
"" Exergen is now in the process of evolving into a broader
based resources company by acquiring coal resources for development.""
Exergen plans to become an important supplier to the fast-growing Asian thermal coal markets, by developing a portfolio of large low rank coal resources in the Latrobe Valley and Bacchus Marsh, Victoria as well as in Asian markets such as Indonesia.
Exergen's patented process is seen as an "enabling technology" as there are a number of coal conversion technologies such as coal to gas, coal to oil, and coal to chemicals and fertilizers, that require a low-cost, low-emission "front end" lignite drying process in order to be technically and commercially viable.
Therefore, "" Exergen's strategy includes developing commercial partnerships with owners of these various "back-end" technologies, and numerous detailed discussions are underway."" Exergen is a private Australian company which was formed in 2001, with the ambition of unlocking the value of low rank coal (LRC) in the Latrobe Valley, Victoria. The company is headquartered in Brisbane and has an office in Melbourne.
Exergen has developed a patented autoclave technology which upgrades LRC in a very energy efficient manner. LRC is a plentiful resource with many deposits amenable to low cost mining. Currently, most LRC is used in mine-mouth power stations, with very little product exported due to the low energy content of the coal and transportation costs.
The patented technology provides an elegant upgrading solution which could unlock the value of many of these undervalued deposits through a range of commercialisation options. Importantly, upgrading LRC in an energy efficient way has significant environmental benefits as a result of the reduction in carbon emissions that result from the use of that coal when compared with using the raw coal. Where the coal is transported in slurry form it is also a very safe product to handle.
Exergen's current ownership structure consists of the founders, which include prominent industry experts, management, and four major industry players.
Exergen attracted investment and support from experienced and capable
Cornerstone Investors, which were specifically added to the shareholder register to address essential business risk issues such as investment, product development, marketing, off take, design, engineering and construction.
Tata – India's largest private power utility (including access to Tata Shipping Services). Tata is a world leader in super-critical power station development and power station operations. They also have
considerable experience of mining and transporting LRC from Indonesia
to India and can call on expertise from within the vast Tata organisation;
Itochu – one of Japan's leading trading houses with extensive coal
trading expertise. Itochu is a major buyer and trader of coal for power station customers in Japan and elsewhere in Asia;
Thiess – a
subsidiary of Leighton Holdings, the world's largest supplier of outsourced mining services.
Sedgman – a global specialist provider of mineral engineering solutions, leading coal processing and materials handling technologies. "
Much of what is mentioned above is still progressing according to Mantle's Exergen announcements stating that Exergen has attracted plenty of interest from various Co's due to its overland transport and front end dewatering solutions.
Cheers
B Rubes
