Fact is some of you are correcting other peoples post but are factually incorrect too. Maybe everyone should do some research but to save you time here are the factual current and company forcasted figures and some facts on each mine. Take from Sep Q production numbers so note there is a large increase in production rates since then that i have not taken that into account to remain conservative.
Vlakvarkfontein Mine (V) •17 Mt of resource sufficient for +10 year mine life •Budgeted production for 2012 year of min 1,200,000t ROM •100% of coal sales to local power stations and local industries •Targeted production of 100,000t/month domestic quality thermal coal •100% Domestic Market
Ferreira Mine (F) •Production of a high quality export thermal coal product •Opportunity to acquire additional adjacent resources to extend mine life •Export sales for 2011 financial year (only seven months) of 327,962t and domestic sales of 67,229t •Budgeted coal production for 2012 year of 600,000t ROM •~ 20% Domestic Market
Penumbra Project (P) •Located 3km from the Ferreira mine and the Delta Processing Operations •Contractors mobilised to site on 3 September 2011 •First coal during H1 2012 •Targeted export thermal coal sales of 500,000t sold under existing off-take agreements •~ 100% Export Market
De Wittekrans (D) •Comprises 4 projects - De Wittekrans, Knapdaar, Vaalbank and Project X •Bankable Feasibility Study completed on De Wittekrans Project in September 2011. Preliminary results to be released to the market in Q4 2011 •Initial targeted production of 3.6Mtpa ROM from conventional opencast and underground mining operations at De Wittekrans •Targeted export sales of 1.0Mtpa and up to 2.0Mtpa of domestic sales •~66% Domestic Market
Total Quarterly for the 2 producing mines Vlakvarkfontein & Ferreira (end Sep 11), ~ 300,000t Domestic (1.2Mt p/a at that rate) ~ 140,000t Export (560,000t p/a at that rate)
Totals into 2012 V 1.2Mt p/a Domestic
F ~120,000t Domestic ~ 480,000t Export
P ~ 500,000t export
Grand Totals 1,320,000t Domestic 980,000t Export
Totals into 2013 V 1.2Mt p/a Domestic
F ~120,000t Domestic ~ 480,000t Export
P ~ 500,000t export
D 1.0Mt p/a export 2.0Mt p/a domestic
Grand Totals 3,320,000t Domestic 1,980,000t Export
The above excludes Wolvenfontein (new acquisition), Vlakplaats and Botswana
CCC Price at posting:
21.5¢ Sentiment: LT Buy Disclosure: Held
