what the Vic Govt really wants to find is a consortium that are highly qualified, fully funded and can open up victoria's massive brown coal reserves to a global revenue stream that could last up to 500 years based on the in situ resource, and entrapped energy potential. (and make significant deposits into Victoria's coffers every year in royalties - just like Bailieu's Liberal collegue Premier Barnett gets in WA, and is using to buy a popularity rating of 65%+ with Sandgropers)
if anyone out there thinks the following line up could be improved upon to fill these requirements better please let us know by posting back:
Tata Power:
Part of the US$60bn market capital Tata Group of India. Tata Power is India's largest private power utility with assets in thermal, hydro, solar and wind generation, electricity transmission and distribution. Under an in-principle agreement, Tata Power will be the major off-taker of LV-NG output, using the dewatered coal to fuel new, environmentally superior, super-critical technology power plants currently under development in India.
Thiess:
Part of the Australian construction giant, Leighton Holdings Group. Thiess has considerable experience and expertise in the mining industry and engineering & construction services.
Itochu Corporation:
Established in 1858, Itochu is Japan's 3rd largest trading house. Itochu will bring its extensive experience in coal trading to market the balance of LV-NGs output into specific world markets.
Sedgman:
A leading provider of mineral engineering solutions to the global resources industry, Listed on the ASX, Sedgman are recognised as specialists in coal processing and materials handling technologies.
who are these guys? - they are the owners of exergen, MNM's 50/50 JV partner in the proposed development of the Maddingley BM brown coal seam that is fully pegged by EL5294, and has an estimated resource of 1.8 billion tonnes, that's who.
consider their collective CV for the purposes of the billion dollar question behind the future direction of the MNM SP - will the BM project get built? this mob could put a plant of this size on their amex cards. but they don't even need to do that, sedgman and thiess are on board to do the design and construct, tata is there to buy the stuff for the next few hundred years, and Itochu is there to structure the finance and flog the surplus Tata can't use to China and Japan. This is vertical integration 101. And MNM is right bang in the middle of this corporate juggernaut's superplan because MNM own the coal in EL5294.
