ATHA-AFRICAA VENTURES

Transcription

1 ATHA-AFRICAA VENTURES Undergroundd Coal Project November , ATHA GROUP, All Rights Reserved

2 Who we are Subsidiary of Atha Group (India) Group flagship in South Africa Empowered in terms of SA legislation Strategic cornerstone SA project: Underground Coal Project, Mpumalanga Project origin: free trade agreement, BRICS (Brazil, Russia, India, China, South Africa), other bilateral agreements Indian companies invited to invest in mining and beneficiation SA government developing export markets, foreign direct investment contribute to socio-economic upliftment Investment till date in RSA > 45 million USD Corporate office in Sandton, Johannesburg Sustainable mining practices Dedicated team 2

3 About Atha Group India Family-owned; 60-year track record in Indian mining & mineral resource sectors 10 years of diversification & expansion iron ore, coal mining manufacture of Calcined Petroleum Coke (CPC) import of coal/coke and export of iron ore/iron ore fines manufacture of sponge iron, billet manufacture and captive power plant dedicated power plant renewable energy generation; >2000 MW wind farms solar power plants international initiatives in mining & mineral resources 3

4 Atha Group Board 2015, ATHA GROUP, All Rights Reserved Kishore Kumar Atha Mr. Kishore Kumar Atha is the driving force behind the Group. With over four decades of experience in the iron ore mining industry, he has been pivotal in taking the family iron ore business to the heights it has now scaled up to. Seshadri Krishna Sarma A B.Com, LLB and FCS by qualification, he is the Group President (Corporate Affairs) and has over 35 years working experience in the industry. He plays an important role in overseeing and advising the Group on compliance, administrative, financial and strategic matters. Vishal Atha A Chartered Financial Analyst by qualification, he plays a major role in the Group s export and logisticss operations, streamlining the renewable energy portfolio and generating cost economies throughh effective resource planning and project management. He is responsible for the Group s business and initiatives in petro carbon and chemicals. With over 12 year s experience, he provides executive leadership and governance on various project development activities across the Group s businesses. Dilip Kumar Atha With over 35 years experience and a Chartered Accountant by qualification, he has been instrumental in governing the financial management and reporting practices of the various Group companies. Gaurav Atha A Chartered Financial Analyst by qualification and an entrepreneur with a definite vision, he brings over 12 years industry experience to the Group. He has been responsible for designing deliberate objectives and framework for strategic decision making for the Groups businesses in areas of finance & banking, strategic partnerships, growth initiatives and acquisition decisions. He is also responsible for leading unified executive teams across continents for the Group s international projects and businesses. Bharat Atha The youngest of the Group, with over 10 years experience, he plays a dominant role in the running and expansion of the mining business including all related statutory, compliance and regulatory matters. He is responsible for executive decision making to effectively manage the mining operations, resource planning and optimization and technology management. He has played a major role in leading scale efficiencies in cost and quality as well as ensuring total integration in operations across the mining value chain. 4

5 Atha-Africa Ventures: Management Gaurav Atha A Chartered Financial Analyst by qualification and an entrepreneur with a definite vision, he brings over 12 years industry experience to the Group. He has been responsible for designing deliberate objectives and framework for strategic decision making for the Groups businesses in areas of finance & banking, strategic partnerships, growth initiatives and acquisition decisions. He is also responsible for leading unified executive teams across continents for the Group s international projects and businesses. Vishal Atha A Chartered Financial Analyst by qualification, he plays a major role in the Group s export and logistics operations, streamlining the renewable energy portfolio and generating cost economies through effective resource planning and project management. He is responsible for the Group s business and initiatives in petro carbon and chemicals. With over 12 year s experience, he provides executive leadership and governance on various project development activities across the Group s businesses. Morgam Munsamy Mr. Munsamy is a sincere, motivated and committed individual who upholds high governance and ethical standards, he holds a Bachelor of Commerce from the University of South Africa (UNISA). He is also a Certified Project Manager from the University of Pretoria and holds a certificate in sales from Damelin. His exceptional strategic, operational and staff management and extensive experience in strategic procurement, supply chain and logistics fields were acquired over 30 years in SADC. Praveer Tripathi Sr. Vice-President Mr. Tripathi holds a B.Sc. Degree in Mechanical Engineering from Bharathiar University. He holds 26 years of vast experience in exploring, developing, exploiting and marketing mineral opportunities globally, especially Coal and Manganese. Mr. Tripathi is well versed with knowledge of working with various departments of mines and minerals in the African continent. Hemen Bhagawati Vice-President Vice President (Business Development Mining) - Mr. Bhagawati holds a BE (Mining) from Bengal Engineering and Science University, an MBA ( PGPIM) from IMI, New Delhi and a First Class Competency from DGMS. He has over twenty five years of diversified experience in Mineral Business Development/ Project Management/ Mineral Explorationon Management. Prior to joining the Group, he was the of Geomin Ace Resources Private Limited. Ashank Kumar Singh Advisor A Geologist with over 40 years of extensive experience in geological exploration, Mr. Singh is an industry expert for mine operation monitoring, development of mineral beneficiation, flow-sheet & design, quality control, implementation of Standard Operating Practices in the field using IT Tools, strategic planning at corporate level, liaisoning with Government bodies and coordination of Mining Operations with intensive exposure to Iron Ore, Bauxite, Coal and Limestone Mines. Vishal Vithlani Vice-President VP (Finance & Strategy) for the Group, Mr. Vithlani is a qualified Chartered Accountant with an M.B.A from an Ivy League business school. He brings over 12 years of experience and is responsible for the Group s investments, corporate planning and strategy initiatives. He plays a vital role in planning and financial analysis for the Group. Gajendra Jhawar General Manager Mr Jhawar is a Chartered Accountant with over 22 years of experience in the Iron & Steel and infrastructure sector. He looks after the financial and the taxation matters of the Group companies. 5

6 Underground Coal Project, Mpumalanga Greenfield Project, near Piet Retief, Mpumalanga Dr Pixley Ka Isaka Seme Local Municipality Gert Sibande District Municipality ~21km from Wakkerstroom ~13km from Dirkiesdorp ~58km from Piet Retief Export quality product domestic markets export markets Eskom Estimated workforce: 550 for every person directly employed, 10 expected to benefit indirectly 6

7 , cont d Mining right area: 8 360ha - Project area: ~2 500ha ~121Mt (GTIS) SAMREC/JORC-compliant resource; potential to increase to ~205Mt Expected annual run-of-mine (ROM) production: 2.25Mtpa Life of mine (LOM): 17 to 20 years 7

8 Sustainable development Full compliance with all environmental legislation is a given R83.5 million committed towards sustainable environmental management key focus areas include: addressing ground-water impacts on catchment areas water treatment plant storm-water & waste management rehabilitation of existing alien-invaded wetlands planting trees/replacing eroded topsoil & tarring roads Historical Mining in the Area 8

9 Timeline Ingwe Collieries - Prospecting Right (PR) Granted PR ceded to Bunengi Mining Services (BMS) Name change (under CIPC) of BMS to Atha-Africa Ventures Mining Right Granted (DMR) Environmental Authorization (DEA) awarded Target Commence ment of Production PR acquired by Bunengi Investment Holdings PR Renewed (DMR) by BMS Mining Right application lodged, accepted by DMR Mining Right Executed (DMR) Water Use License awarded (DWS) 9

10 Financial Provision Ongoing Capex Ongoing capex SLP SLP Royalty Royatly Tax Payable Tax payable Vat VAT Total: R1 billion FIRST 10 YEARS OF YZERMYN PROJECT (R bn) 10

11 Project value-add Key socio-economic benefits, flowing from social and labour plan (SLP), aligned with integrated development plans (IDPs), local economic development plans (LEDs): stimulation of local economy local infrastructure development employment opportunities, direct and indirect job creation for more than 550 people community development programmes, in consultation with local communities education health 11

12 Project value-add cont d Social and labour plan (SLP), cont d community development programmes, cont d housing sports culture upgrading of skills and literacy levels: programmes in collaboration with tertiary education institutions agricultural benefits tourism lifestyle changes due to greater disposable income 12

13 The case for India/South Africa bilateralism at work Substantial Indian investment into South Africa 60-year track record of success in Indian mining and minerals sectors Attractive coal mining asset generating: product for energy-stressed Eskom foreign exchange earnings from export sales significant local economic development 13

14 Contact details 8th Floor Sinosteel Plaza 159 Rivonia Road Morningside, Sandton, 2144 Tel: Fax: