Projects OUR PROJECTSMbuyelo Coal Mining Areas NTSHOVELO COLLIERY • Development commenced in February 2010; first coal production May 2010 • An opencast truck and shovel contract mining • 110,000tpm ROM average thermal coal production • Has been supplying Eskom since inception • Forecast 2014 – 1.3Mt at an FOT cost of ZAR152 (US$15.2) per tonne • Life of mine estimated at 6 years MAVUNGWANI COLLIERY • Wholly owned and run by Mbuyelo Coal (Pty) Ltd • Operational • Underground and Opencast; currently focusing on opencast • Production Possible: 1.2 mill romt per annum • Various coal seams available MANUNGU COLLIERY • Asset 100% Mbuyelo Coal (Pty) Ltd • Operational • Life of mine – 30years • Mining operation – Opencast • Resource Tonnes: 410 Million KHASHANI COLLIERY • Asset 100% Mbuyelo Coal • Mining Right executed • Historically mined by BHP(-and previously known as TNC Mine) • Mining operation will initially be opencast, with possible future expansion into underground mining operations • The coal resources on Welstand is effectively divided into to two divisions, namely: western resource and eastern resource • Resource Tonnes estimated at 65 319 930 romt excluding roads and wetlands