Minergy Coal

Website: www.minergycoal.com
Primary ticker: BSE:MIN
Stage of development: Production
Primary minerals: Thermal Coal
Project to promote: Seaborne thermal coal supplier to southern Africa and international markets

Financial Data (as of 29 Nov 2018)
Share Price: PULA 106
Share Outstanding: PULA 405,973,065
Market Capital: PULA 430,331,448
Year High-Low: PULA 106 0.85

Minergy Limited is a coal mining company committed to be the supplier of choice to coal consumers across southern Africa and the global seaborne thermal coal export market. Minergy’s 100% owned Masama Project located in Botswana, is the cornerstone asset. The size and location of this shallow resource supports its competitive cost structure, underpinned by cost-effective opencast mining of high quality coal, near to existing rail, road and water infrastructure. Minergy was listed on the Botswana Stock Exchange in 2017, with plans to list on the London Stock Exchange via its Alternative Investment Market (AIM) during 2019.

Management Profile

Andre Boje – CEO

An accountant with more than two decades of experience in the South African coal industry, Andre founded focused coal trading company Chandler Coal (Pty) Ltd in 1997, following a successful executive management career in various industries. In 2005, the Company was listed on the Johannesburg Stock Exchange (JSE) as Wescoal Holdings Limited, enabling a transition from purely coal trading activities to a fully-fledged coal miner and trader. Wescoal, with three fully operational mines, is now one of the leading junior coal mining and trading companies in southern Africa. Andre was appointed to the Board of Directors of Minergy in January 2017 and as its CEO in February 2017.

What is your rationale for attending 121 Mining Investment?

To meet potential new investors; to meet potential new customers to supply coal to; raise profile and awareness

What recent news would you like to highlight to investors attending?

Mining license granted in August 2017 and building of mine and washing plant currently taking place with saleable coal available in Q1 2019.

What are your key goals for the next 3, 6 and 12 months?

3 Months:

Building of mine and wash plant with saleable coal available in Q1 2019.

6 Months:

Ramp up production

12 Months:

Extract 2,4m tonnes of coal per annum.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Loss of key management skill – Remuneration Committee evaluates succession planning, sources qualified staff & reviews incentives for retention. Share Option Plan in place.
Macro-economic factors – Believe that demand for coal will remain at high levels, especially from Africa. Product is diversified to supply local/regional and export market. Location to regional market allows logistical competitive advantage.
Environmental challenges on sustainability of business model – Fully compliant EIA Report approved by DEA with assistance of professional advisers.

In a sentence, what do you think makes your company such a compelling investment?

Quality of coal and ability to supply local, regional and international markets