Uitkomst Colliery (70% owned). Uitkomst Colliery, located some 20km northwest of Utrecht and 23km northeast of Newcastle in the KwaZulu-Natal province, produces high-grade metallurgical and thermal coal. The colliery comprises an existing underground coal mine, with a planned 16-year life of mine, including the planned extension directly to the north of current operations. Uitkomst sells sized coal (peas) products and a 0 - 40mm product into the domestic metallurgical market for use as pulverised coal. The peas are supplied to local energy generation facilities. Uitkomst’s marketing strategy ensures that the colliery is positioned to take advantage of higher international coal prices with exposure to both South African rand and US dollar denominated sales.

Ownership 70% with the balance owned by Black Economic Empowerment partners that includes inter alia employees and local communities
Location KwaZulu-Natal province, South Africa, 20km northwest of Utrecht and 23km northeast of Newcastle
Infrastructure Accessible via a well maintained road network and railway lines
Status Operational mine
Life of mine 16 years, including the extension to the north
Product ~0.4Mtpa of metallurgical and high grade thermal coal and high ash middlings product
Resources 25.4Mt mineable tonnes in situ
Reserves 14.4Mt mineable tonnes in situ
Mining method Underground bord and pillar
Regulatory status Full suite of authorisations
New order mining right Granted in October 2013 for 10 years
Environmental Authorisation Granted in October 2013 for 10 years
Integrated Water Use Licence Granted in February 2011 for 10 years
  Application to amend the water use licence for the development of the north adit submitted in 2017

Resource statement

Abridged summary of JORC-compliant resources statement 30 June 2018 JORC-compliant resources (measured, indicated and inferred)1
  Gross tonnes in situ (Mt) Total tonnes in situ (Mt) Mineable tonnes in situ (Mt)
Uitkomst Colliery 29.2 26.8 25.4
  1. Resources are as at 30 June 2018 based on reliable exploration and mining results (where appropriate) and accurately estimated using industry best practice standards of modelling. The Resources have been correctly classified according to the JORC Code (2012).

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