Gcm Resources Plc · LSE:GCM
Gcm Resources — Asia Energy — Coaltrans Asia Conference 2006
35 slides from Gcm Resources's conference presentation, Jun 5, 2006
Slide 1: The Phulbari Coal Project - Bangladesh
The Phulbari Coal Project - Bangladesh Presentation to Coaltrans Asia Conference Bali, 5 June 2006 Listed on the London Stock Exchange (AIM) Market – AEN.L
Slide 2: Bangladesh Resource Potential – The Big Picture
Bangladesh Resource Potential – The Big Picture…… Coal in West …Gas in East Barapukuria Madhyapara (hard Rock) Khalaspir PHULBARI Dighipara Jamalganj
Slide 3: Project History
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Slide 4: Project history and Feasibility Study requirement
y Asia Energy operates under Contract with the Government of Bangladesh ` Original Contract with BHP…signed 1994 ` Assigned to Asia Energy 1998… exploration and resource evaluation ensued ` Asia Energy PLC listed on London AIM ….April 2004 ` April ‘04 Æ Mining Lease grant triggered Feasibility Study
Slide 5: World Class International and Bangladesh Team involved in Project
World Class International and Bangladesh Team involved in Project Feasibility Studies CEGIS - Centre for Environmental & Geographic Information Services AC Nielsen Bangladesh Pty Ltd (AC Nielsen) Nature Conservation Management (NACOM) IUCN The World Conservation Union (IUCN) Bangladesh Atomic Energy
Slide 6: Project Timeline – Feasibility and Development
Project Timeline – Feasibility and Development ENVIRONMENTAL CLEARANCE OB MINING 2007 Æ COAL 2008 Feasibility FeasibilityStudy Study Q2 2004 Q2-Q3 2005Q3 2005 Project Development 2006 -2008 2007 LAP 2005 2006 2006 2007-2011 2008 +2040 Ramp Up 2007 - Initial Ramp Up 2008- 2013 Environmental Examinati
Slide 7: Geology and Mine Plan
ENERGY SEQlOogy a MUNG PLAN
Slide 8: In Situ Coal Resources – JORC Standards Compliant
In Situ Coal Resources – JORC Standards Compliant Upper Main Seam Lower Base Seam Total Seam Seam Measured 51 237 288 Indicated 62 124 39 19 244 Inferred 12 28 40 Total 125 389 39 19 572 Notes: 1. Results based on Geological Model submitted in July 2005 2. Table compiled from data contained in the P
Slide 9: Mining at Phulbari
Mining at Phulbari … Open Cast Truck and Shovel operation Coal measures at 165 – 270 metres Thick seams (main seam 22 metres) Dewatering with down hole pumps Minimal Blasting required Overburden contains saleable construction materials
Slide 10: Open Pit - Mid-Life Detail
Haulage Rehabilitation Open Pit - Mid-Life Detail Overburden Stripping Coal Production
Slide 11: Mining Stage Plans
2015 2010 2020 Mining Stage 2025 Plans 2030 2035 2045 Progressive Land Rehabilitation 2007 2008 2009 2010 2015 2020 2025 2030 2035 2043
Slide 12: Slide 12
Slide 13: Phulbari Environmental and Social Impact Management
Phulbari Environmental and Social Impact Management
Slide 14: EIA completed to highest international standards
EIA completed to highest international standards….. Covers all critical environmental management tasks Comprehensive monitoring programs for water quality, noise and air quality
Slide 15: Asia Energy's commitment to sustainable development
Asia Energy’s commitment to sustainable development…. y Phulbari is a pioneering project with a plus 30 year life y No one will be disadvantaged by the Project y No one will be relocated without proper compensation & livelihood restoration assistance y People will enjoy improved amenities: ` Sanitat
Slide 16: Marketing
ENERGY MAC FIN GIS,
Slide 17: Phulbari can pursue a diversified marketing strategy
Phulbari can pursue a diversified marketing strategy, based on…… y Cost Competitiveness ` Phulbari is comfortably in the Lowest FOB Cost Quartile for the international seaborne coal trade and will be profitable in all foreseeable market conditions y High quality, marketable coal ` Export products ar
Slide 18: Coal Products
Coal Products y Coal preparation plant will produce three products using dense medium cyclones and spirals y Total product recovery from ROM coal will be exceptionally high (94%) due to the clean and consistent ‘in situ’ quality and thick seams y Product mix ` 60% Export Thermal ~ 9.0 Mtpa ` 20% Exp
Slide 19: Coal Sales Profile 2008 – 2038
Coal Sales Profile 2008 – 2038 18,000 16,000 14,000 ‘000 Tonnes per year 12,000 10,000 8,000 6,000 4,000 2,000 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 Low Ash Met Coal Export Thermal
Slide 20: Phulbari Low Ash Metallurgical Coal – Quality Comparison
Phulbari Low Ash Metallurgical Coal – Quality Comparison Typical Specification** Market Phulbari LAMC Hunter Valley SSCC (Air Dried, unless stated) Preference Total Moisture (% as received) <12.0 10.0 9.0 Proximate Analysis Moisture (%) <4.0 2.8 2.5 Ash (%) <11.0 6.8 9.5 Volatiles (%) <36.0 33.7 33.
Slide 21: Phulbari Export Thermal Coal – Quality Comparison
Phulbari Export Thermal Coal – Quality Comparison Typical Specification** Market Preference Phulbari ETC Hunter Valley ETC (Air Dried, unless stated) (Bituminous Coal) Specific Energy, Gross Kcal/kg >6300 6930 6800 Total Moisture (% as received) <15.0 8.5 9.0 Proximate Analysis Moisture (%) <5.0 2.4
Slide 22: Target Markets
Target Markets y Exports 12 Mtpa ` 4 Mtpa by rail to eastern India – via the existing cross-border rail connections ` 8 Mtpa by Bulk Carriers to seaborne markets, including south and west coast India, via – Dedicated rail transport on the existing network to Khulna – Stockpiling and barge loading at
Slide 23: Coal Delivery
Coal Phulbari Delivery Jamuna Bridge Ishurdi Hardinge Bridge Gazipur Dhaka Darshana Chandpur India Khulna Chittagong Mongla Akram point Handymax Æ 40- 40-45kt Panamax Æ 55- 55-70kt
Slide 24: Coal Delivery – Existing Rail Infrastructure
Coal Delivery – Existing Rail Infrastructure Dual Gauge Track Phulbari – Ishurdi Junction
Slide 25: Coal Delivery – Barge Loading and Shipment
Coal Delivery – Barge Loading and Shipment Typical 8,000 tonne Self Propelled Barge loading and transhipment
Slide 26: Coal Delivery - Bangladesh Inland Waterways (Barge Route)
Coal Delivery - Bangladesh Inland Waterways (Barge Route) Handy Size vessel at Mongla on Pussur River Mongla Kleenheat LPG Berth Phulbari provides unparalleled opportunities for Bangladesh port and rail authorities to improve infrastructure and revitalize the country’s western transport corridor Phu
Slide 27: Sea Port to Market
Sea Port to Market… Shiploading Platform, Bangladesh to be anchored in sheltered deep water (>18.0 meters) at Akram Point Existing shipping channel to open sea to be dredged to Panamax capability
Slide 28: Shipping Distance Comparison – Phulbari's Competitive Position
Shipping Distance Comparison* – Phulbari‘s Competitive Position Paradip (Orissa, East Port Kelang Pearl River Gwangyang Load Port India) (Malaysia) (South China) (Korea) Akram Point 245 1,381 3,018 4,032 Bangladesh Richards Bay 4,499 4,633 6,201 7,182 South Africa Diff to Akram Point 4,254 3,252 3,1
Slide 29: Future Opportunities – The Phulbari Power Project
FUTURE OPPORTUNITIES – The Phulbari Power Project…
Slide 30: Phulbari Power Project
Phulbari Power Project… y 500 MW mine-mouth proposal submitted to GoB ADB, IFC, EIB and commercial DA banks y Key Drivers Asia Energy Eq u it GoB ce y an ` Ready coal market 1.5Mtpa IA, b t fi n PPA De ` Bangladesh is power hungry Development Pr o je and suffering critical GoB Guarantee ct Partner d
Slide 31: Bangladesh and Asia Energy
BANGLADESH and ASIA ENERGY “Making natural resources work for the people of Bangladesh…”
Slide 32: Significant Economic and Social Benefits
Significant Economic and Social Benefits y Value added to the Bangladesh Economy over life of mine (*) ` $7 billion in royalty and tax payments ` $21.4 billion or 1% boost to Bangladesh GDP – $7.8 billion direct – $13.7 billion through economic multipliers ` $3 billion saving in foreign exchange thr
Slide 33: Financing Phulbari – A Structured Approach
Financing Phulbari – A Structured Approach y $50 million share capital raising on 30 November 2005, through J P Morgan Cazenove ` Funds to be used for initial equipment purchases (dewatering bores, first overburden fleet), deposits to secure future mine equipment orders, initial land acquisition and
Slide 34: The Phulbari Coal Project
The Phulbari Coal Project….. An exciting new development for the global coal industry…….. A sustainable social and economic investment for the people of Bangladesh……. A successful venture for the shareholders of Asia Energy
Slide 35: The Phulbari Coal Project
The Phulbari Coal Project……..