Vision 2020 India on Steroids 100 million tons of steel(since scaled up to 200 million tons)and already talking about 300 million tons.
Who do yu call? .... Gujarat!!
* The only Indian company to have acquired captive coking coal mines outside India –NRE No. 1 Colliery and NRE Wongawilli Colliery near Wollongong, NSW, (combined resources more than 550 million tonnes of Hard Coking Coal)
*NRE NO 1 IPO for AU $15 million oversubscribed. Currently listedwith a market cap of AU $1 billion –(Gujarat NRE Minerals Ltd –ASX Code:GNM)
*Recently acquired Elouera Colliery from BHP Billiton and consolidated with NRE Avondale. Since renamed as NRE Wongawilli Colliery
NRE No. 1 Colliery *Acquired NRE No.1 Colliery in Dec’04 *Production re-started in late 2005 using board & pillar mining *Produced more than 0.8 million tons of coal and exported to India *Four panels in operation in BulliSeam *One pillar extraction and three development units –approx 0.6 million tons p.a. *Acquired Gujarat NRE Resources, which owns NRE Wongawilli Colliery *Wonga Mains project commenced to access Wongawilli Seam *Working towards producing 4 Mt per annum by 2012
NRE Wongawilli Colliery *Acquired Elouera from BHP Billiton in December 2007 *Consolidated with NRE Avondale *Consolidated Colliery re-named as NRE Wongawilli Colliery *Development commenced in Feb 2008 *Longwall operations to commence in April 2009 *Long term production target 2.5 to 3 MTPALong MTPA *Mine is currently in production
So 4 m/t from No1 ... Plus 3 m/t from Wongawilli
= 7 million tonne coal production p/a by 2013 ... That is MASSIVE
I like al the pics too!!
:)
GNM Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
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