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Investment opportunity in a NZ coal resource - Tender 30 August.
New Plymouth

Tenders Close 30 August 2010. After 25 years of ground work to gather consents, mining license, surveys and assessments, Mokau South Opencast Coal Reserves are ready to be mined. Coal is in high demand worldwide and the timing couldn't be better. Over 15 million tonnes have been identified as being recoverable at a cumulative cost of less than NZ $61 per tonne - 2006 figures- and much more coal is available for mining as worldwide prices rise. According to Businessweek "India plans to almost double electricity generation capacity by 2012, by when the shortage of coal will exceed 200 million tons" and this has to affect coal prices. The Mokau Coalfield has been identified as the largest contiguous steam coal resource on New Zealand's North Island and Mokau South is ready to break ground! Full assessment, documentation, particulars and conditions of sale by tender will be made available to buyers who have submitted a confidentiality agreement.

Asking Price: $0

Ref# 1150

 
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Contact: Jeff Ribman
Business: 09 4480759
Mobile: 027 6333943
Email: jeffr@barkerbusiness.co.nz