hier kann man """kohle"""machen
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Das nötigste versteht man auch mit geringen Englischkenntnissen
Prophecy Coal Consolidates Chandgana Nyalga Coal Basin, and Enrols a Mongolian Shareholder to its Power Subsidiary
Vancouver, British Columbia, August 18, 2014 – Prophecy Coal Corp. ("Prophecy" or the "Company") (TSX:PCY, OTCQX:PRPCF, Frankfurt:1P2) is pleased to announce that it has entered into binding agreements with Cosmo Coal LLC ("Cosmo") to:
1. Consolidate the assets of Prophecy"s wholly-owned subsidiary, Chandgana Coal LLC ("Chandgana Coal") with the assets of Tugalgatai Mining LLC ("Tugalgatai"), which is a wholly-owned subsidiary of Cosmo, into: Chandgana Tugalgatai Coal LLC, a newly-incorporated Mongolian company of which, Prophecy will own 51% and Cosmo will own 49%.
2. Transfer, for nominal consideration, 34% of the issued and outstanding shares of Prophecy"s wholly-owned subsidiary, Prophecy Power Generation LLC ("PPG") to Cosmo.
3. Accept Cosmo"s nomination of one new member to Prophecy's Board of Directors.
These actions are collectively referred to below as the "Transaction".
Further, Cosmo and Prophecy signed a non-binding intent letter in July whereby Cosmo agreed to assist PPG in securing a concession agreement and power purchase agreement, and Prophecy agreed to use its best efforts to bring to the power plant project equity investors, secure bank financing, and manage the equipment procurement and construction cycle.
Background and Rationale:
Chandgana holds the following exploration and mining licenses (collectively, the "Chandgana Licenses"):
Name NI43-101 Compliant Resource (million tonnes)*
Khavtgai Uul Exploration License XV-011654 509 measured, 539 indicated
Chandgana Tal Mining License MV-016767 110.9 measured
Chandgana Tal Mining License MV-010126 13.5 measured
Tugalgatai holds the following mining licenses (together, the "Tugalgatai Licenses"):
Name NI 43-101 Compliant Resource (million tonnes)
Tugalgatai Mining License MV-017399 N/A
Tugalgatai Mining License MV-017401 N/A
The Tugalgatai Licenses contain an estimated coal resource of 2.33 billion tonnes according to official records from the Minerals Resource Authority of Mongolia. The resource is considered a historic estimate derived from records prepared previously by a wholly-owned subsidiary of Vale S.A. This historic estimate was prepared to meet the Mongolian classification standard which may differ significantly from the Canadian Institute of Mining standard, was not prepared in accordance with NI 43-101, and uses resource categories that differ from those required under sections 1.2 and 1.3 of NI 43-101. The Company is unaware of the key assumptions, parameters and methods used to prepare the historic estimate and additional work would be required to verify the historic estimate as current mineral resources or reserves in accordance with NI 43-101. Prophecy expects to conduct exploration to prepare an NI 43-101 complaint estimate of the contained resource covered under the Tugalgatai Licences.
The Chandgana Licenses are contiguous to the Tugalgatai Licenses. The coal resources covered by the respective licenses are contained in the Nyalga Coal Basin located in Khentii Province in central Mongolia. The coal seams are continuous across the basin and outcrop to the north, with the main coal seam measuring up to 60m in thickness. The Chandgana Tal resource covered under mining licenses, located in the northeast part of the basin, is anticipated to be the starter pit with thick average coal seams of 40 meters and a mining strip ratio of 0.7 to 1.
By consolidating the resources of the Nyalga Coal Basin through the Transaction, Prophecy will control one of the largest undeveloped coal deposits in Mongolia. The Nyalga basin contains an abundant source of coal that is situated in an ideal location to develop major power, coal to gas, and coal to liquid projects. Consolidating control of the basin makes for the following positive attributes:
· It is located within only 5kms from the well-paved, trans-Mongolian highway, which should reduce construction and transportation costs;
· It is 135kms from Bagannur, which is connected to Ulaanbaatar via dual 220kv power transmission lines;
· It is located 350 kms from the nearest border to China;
· The coal resource consists of thick coal seams under shallow overburden making for favourable mining economics.
· The coal deposit contains low ash (i.e. less than 10%) and sulphur (i.e. less than 1%), with gross heat value of 3,300 to 3,600kcal/kg;
· The resources are located under flat surfaced land with no nearby forests, rivers or other features that would be an environmental concern;
· Approved land use rights are included which cover 5.5 square kms that are designated for power plant and industrial development;
· Approved environmental and construction licenses for the 600MW power plant are included; and
· Prophecy"s projects enjoy support from the local and regional communities.
If the 600MW power plant and coal mine begin operation, PPG and Chandgana are expected (based on current statistics) to be the largest private employer in Khentii province, and the largest private revenue contributor to the province.
The above land use rights, power plant construction and environmental licenses are all held by PPG, of which Cosmo will become a 34% shareholder (with Prophecy retaining 66%) upon completion of the Transaction.
Having a significant Mongolian shareholder in PPG could pave the way to the signing of a concession agreement and power purchase agreement with the Mongolian government.
Prophecy and Cosmo have met representatives from some of the world"s largest thermal power plant and coal to gas/coal to liquid developers. It is expected that the Transaction will bring about greater economies of scale, and enable synergies to fast-track the development of these projects.
The Transaction is expected to close by October 2014, subject to regulatory approval.
The technical contents of this news release have been reviewed and approved by Christopher M. Kravits, P.Geo, who is a Qualified Person as defined in NI 43-101. Mr. Kravits has 35 years of relevant US and international coal geology experience. He has been working actively in Mongolia since 2007.
* Khavtgai Uul and Chandgana Tal resource estimates are based on:
Updated Technical Report on the Coal Resources of the Chandgana Khavtgai Coal Resource Area, Khentii Aimag, Mongolia prepared by Kravits Geological Services LLC, dated September 28, 2010.
Technical Report Coal Resources and Preliminary Economic Assessment Coal Mine Component Chandgana Tal Coal Project, Khentii Province, Mongolia prepared by John T. Boyd Co., dated February 2014.
For the full version of the new release and disclaimer, please visit http://prophecycoal.com/...olian-shareholder-to-its-power-subsidiary/
About Prophecy Coal
Prophecy Coal Corp. is a Canadian company listed on the Toronto Stock Exchange engaged in developing energy projects in Mongolia. Further information on Prophecy Coal can be found at www.prophecycoal.com.
For more information about Prophecy, please contact
Mirza Rahimani
+1.604.563.0699
+1.888.513.6286
investorrelations@prophecycoal.com
www.prophecycoal.com
Wo ich mir nicht sicher bin ist, ob das Tal wirklich günstig war. Vor einem Jahr hätte man die 2,33Mrd. Tonnen Kohle für ca. 10 Mio. Dollar bekommen. Nun hat Cosmo 34% von unserer Tochter PPG. Die PPG die das Kraftwerk bauen soll.
Es wurden nun Stimmen lt. das Cosmo auch das Kraftwerk bauen könnten (von der Finanzkraft her) dann wäre deren Anteil an PPG zu gering.
Wenn das Kraftwerk aber wie geplant mit einem chinesischen Partner gebaut werden soll, ist der Anteil von Cosmo allerdings viel zu hoch.
Oder bring ich hier etwas falsch zusammen???
Morgen läuft die öffentliche Ausschreibung aus. Wir sollten sehr zeitnah erfahren, wer unser JV Partner tatsächlich ist und wie es weitergeht. Schon allein durch den hohen Staatsbesuch werden die nächsten Tage interessant.
Dafür das PCY schon oft als tot erklärt worden ist, ist im Moment jede Menge Musik drin.
Von dieser Firma kauft der JV Partner Teile von PCY ab.
Es wird dann vielleicht so laufen, das der JV Partner 60% hält, PCY 25% und Cosmos 15%.
Cosmo hat seine Anteil in Form von Kohle bezahlt.
So hat man ein starken Verbund und sich neue Geschäftsfelder gesichert. Außerdem wären die Mongolen zufrieden, da auch eine mongolische Firma mit beteiligt ist...
Ist jetzt aber nur Spekulation meinerseits :)
ohne CTL Projekt hat es alles keinen Sinn:
Ohne CTL Projekt würde es so aussehen, wie "insidemongolia" auf SH beschrieben hat.
To be honest, I am very surprised about the announcement and the News Release details. I wasnt even aware that COSMO LLC was doing mining. A couple of years ago there was a dispute between COSMO and ULEMJ that was in our local newspapers. This was about food products. COSMO has distribution rights from Singaporean companies for many items and ULEMJ was re-selling some items bought they were purchased in Los Angeles, shipped in container and re-sold through ULEMJ's stores known as "GOOD PRICE". It was an important case because it provided us with a precedent for allowing re-sellers to provide goods and reduced certain monopolistic tendencies to continue thriving here.
As I said, COSMO was and really is still only known for Food, not for mining. If you ask anyone here or even read the news from Mongolia, you will know that the top 10 mining companies are:
1. Oyu Tolgoi LLC
2. Erdenet Mining Corporation
3. Mongolyn Alt Korporation (MAK)
4. Energy Resources LLC (Monoglian Mining Corporation)
5. Erel LLC
6. Tavan Tolgoi
7. Boldtumur Eruu Gol LLC
8. Boroo Gold (Centerra Gold)
9. Tsairt Mineral LLC
10. Mongol Gazar / Altan Dornod
Without a doubt, the 10 most politically connected companies in Mongolia: ALl of them are conglomerates and are in MULTIPLE industries including mining:
1. BODI GROUP
2. Shunkhlai - APU
3. GENCO
4. MCS
5. ALTAI HOLDING
6. GATSUURT
7. MAK
8. PETROVIS
9. TAVAN BOGD
10. NOMIN GROUP
Had the announcement included ANY of these companies, then half of this country would have purchase Prophecy shares.
This was an interesting deal and the side that benefitted the most was COSMO LLC and maybe the Board/Management of PCY if they received some form of cASH payment under the table.
Go back to the details of the agreement:
1. COSMO LLC owns some "Licenses" that are not JORC or 43-101 and the actual resource estimate is unknown and not yet adequately measured.
2. COSMO LLC will combine their license with an already existing MINING LICENSE (not exploration) and other licenses that have resource estimate based on NI 43-101.
3. COSMO LLC will own 49% of the new entity (without any payment -- at least payment booked in Prophecy's books).
4. Chandgana has a BINDING off-take agreement with the power plant (if it ever gets built) and now COSMO will receive 49% of all the revenues and profits of the agreement that was in place-- without paying anything.
5. Prophecy is resposnible for "power plant project equity investors, secure bank financing, and mange the equipment procurement and construction cycle".
6. COSMO LLC will very likely not provide any capital even for the development of the Chandgana mine as the responsibility falls on Prophecy.
7. BIG CHERRY ON TOP --- COSMO LLC will receive 34% of Power Plant - Prophecy Power Generation in exchange for ...... ????
Here is the list of the top tax payers in the entire country of Mongolia released in March 2012:
http://www.infomongolia.com/ct/ci/2829/140/...20Companies%20in%202011
COSMO is not there. In their webpage they are very proud of being one of the TOP 150 companies.
Now, let me ask you Canadians -- Mongolia has a population of only 2.8 million people. Alberta has a population of more than 3.6 million people. How influential do you think a company that is NOT in the top 100 tax paying entities in the district of Alberta has in influencing the decision for the second largest project in Alberta to be approved? Of course the odds would increase if we were speaking of the top 10 tax paying entities or top 10 politically connected firms.
The clear winner in this transaction (that we know of) is -- COSMO LLC.
The clear loser -- SHAREHODLERS OF PCY.
Now prophecy shareholders will have 13% of Power Plant --(66% of a 20% stake) and will now have 51% of the coal mine -- and that is IF they do not promise some equity percentage to a developer or financier.
**I would be looking into the Singaporean company recently created for selling coal to Russia
Those are always "fishy".
http://www.stockhouse.com/companies/bullboard/...#kEHEoHkc7yByLydM.99
http://www.cosmo.mn/development
Was sagt ihr dazu?
Vielleicht kommt wirklich (zum Teil) die Finanzierung von Cosmo
Eins ist für mich aber klar: Cosmo's Shareholder haben im jetzigen politischen Umfeld mehr Power als Monnis Aktionäre. ( das erklärt auch das Weggehen vom Chuluunbaatar Baz aus dem Board).
Wenn, auch ohne weitere Projekte ( 4200MW, CTL) John Lee nur durch diese Kooperation mit Regierung das Chandgana Projekt 600MW "genehmigt" bekommt, sprich Tender gewinnt und anschließend Concession Agreement und PPA mit erforderlichen Parameters für die Finanzierbarkeit des Projektes ( Staatsgarantie etc) unterschreibt und dann noch das ganze Packet an JV Partner in mehren Schritten verkauft, dann würde ich sagen - "zufrieden".
Wir sollten nicht vergessen, wir sind in Asien ( Mongolei). Ich habe mir immer gesucht, mit welchem Deal wird PCY die Regierung intelligent "bestechen", damit ein grünes Licht der Machthaber endgültig da ist.
Das ist der Deal!!!!!!!!!
P.S. Wir sollten auch nicht vergessen, der JV Partner ist ein der größten SOE in China - Datang Power. Wenn übermorgen zwei Länder eine Kooperation im Energiesektor politisch beschließen, mit entsprechender chinesischen staatlichen Unterstützung ( Investitionen, Exportkredite etc) dann sollte für Datang die Pipeline der Projekte gesichert sein. ( 600MW- 4200MW- CTL mit Sinopec - u.a.). Als Ressourcenbase für diese Projekte ist konsolidiertes Nyalga Coal Basin mit bester geografischer Lage, Wasserressourcen und 3,5 bn t. Kohle auch gesichert.
P.S. Für CTL Projekt ist Wasser eine der wichtigsten Voraussetzungen.
Alle Brauenkohle Deposits sind ohne direkte Wasserquellen. Deswegen seit Jahren läuft in Mongolei die Diskussion über die Ableitung des Herlen Flüsses in Richtung Goby ( Tavan Tolgei usw).
Der Vorteil von Nyalga Basin ( genauso wie bei Baganuur) liegt darin, daß es am Herlen fast grenzt.
Deswegen, wenn Sinopec und Mongolei ein 30 bn USD Projekt tatsächlich realisieren werden können, dann geht es um Nyalga Basin nicht vorbei.
18.08.2014 19:16 PRNCA§IIROC Trade Resumption - PCY
18.08.2014 18:11 PRNCA§Suspension de la négociation par l'OCRCVM - PCY
18.08.2014 18:11 PRNCA§IIROC Trading Halt - PCY
Die Wirtschafts- und Handelszusammenarbeit zwischen China und der Mongolei wird eine „goldene Zeit" erleben. Dies sagten mehrere Wirtschaftsexperten im Vorfeld der Mongolei-Reise des chinesischen Staatspräsidenten Xi Jinping.
Chinas Staatspräsident wird der Mongolei am Donnerstag und Freitag einen Staatsbesuch abstatten. Beide Länder wollen die bilaterale Zusammenarbeit bei der Erschließung von Bodenvorkommen, dem Aufbau der Infrastruktur und dem Finanzwesen ausbauen. Während des Mongolei-Besuchs von Xi Jinping sollen außerdem zahlreiche Dokumente über bilaterale Kooperation in Politik, Wirtschaft, Handel, Finanzen und Kultur unterzeichnet werden.
http://german.cri.cn/3185/2014/08/19/1s221517.htm
Die Handelskooperation gilt zweifellos als die wichtigste Aufgabe der Dienstreise von Xi Jinping. Statistiken zufolge betrug das bilaterale Handelsvolumen im Jahre 2013 umgerechnet gut 5-einhalb Milliarden Euro, was mehr als die Hälfte der Außenhandelswerte der Mongolei ausmachte. Zurzeit haben mehrere tausend chinesische Unternehmen in Bodenschätze, Textilien, Bauwesen, Verarbeitung der Viehzuchtprodukte und Dienstleistungen in der Mongolei investiert. Liu Jianchao betonte, der Besuch von Xi Jinping werde die bilaterale Handelszusammenarbeit weiterhin fördern:
„Kooperation bei Erschließung der Bodenschätze, Infrastrukturaufbau sowie Finanzwesen werden vorangetrieben. Mit Kommunikations- und Energie-Großprojekten als bevorzugte Orientierungen soll die bilaterale pragmatische Zusammenarbeit neue Durchbrüche erzielen."
http://german.china.org.cn/international/2014-08/...tent_33280993.htm
Es wird spannend!
-"Assistant Minister of Foreign Affairs Liu Jianchao said yesterday that the trip would also yield support for Mongolia's plans to boost cross-border transport through China"
http://www.scmp.com/news/china/article/1576382/...ergy-infrastructure