凱順能源集團有限公司 KAISUN ENERGY GROUP LIMITED

凱順能源集團有限公司
KAISUN ENERGY GROUP LIMITED
(HKEx: 8203)
DISCLAIMER
These materials have been prepared by Kaisun Energy Group Limited ("Kaisun"
or the "Company") and have not been independently verified. No
representation or warranty, whether expressed or implied, is made and no
reliance should be placed on the accuracy, fairness or completeness of the
information presented or contained herein these materials. Neither the
Company nor any of its affiliates, advisors or representatives accepts any
liability whatsoever for any loss howsoever arising from any information
presented or contained herein these materials. You are cautioned not to place
undue reliance on forward-looking statement contained herein these materials.
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INTRODUCTION
• Kaisun Energy Group – Incorporated in the Cayman Islands & Listed
on GEM of the HKEx (Stock Code 8203)
• Market Cap as of 2nd May 2012 – 573 million HKD
• 20 years of Mining Experience in Tajikistan
• Owns Mining & Exploration Projects in Tajikistan
• Mines & Deposit Types Include:
Kaftar Hona
East Zeddi
Mienadu
– Anthracite (Producing)
– Bituminous Coal (Producing)
– Bituminous Coal (Exploring)
• All Finance in Place to Develop Assets
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THE BOARD OF KAISUN ENERGY
Executive Directors
Independent Non-Executive Directors
CHAN, Nap Kee Joseph – Chairman
WONG, Yun Kuen
• 25 years of experience in commercial and investment
banking, and asset management
• Ph.D. in Geophysics from Harvard University
• Experience in corporate finance, investment and derivative
products
LI Hong – COO
ANDERSON, Brian Ralph
• Over 20 years of experience in financial and
administrative management of various industries and
over 5 years experience in the mining business
CHOW, Pork Yu Augustine
• Vast experience in managing public listed companies
and specializes in mergers and acquisitions
YANG, Yongcheng
• Extensive experience in corporate investment, product
and market development as well as operation of
minerals enterprises
• Degree in metaliferous Mining Engineering from Camborne
School of Mines, University of Exeter and a Master of Science
Degree in Petroleum Reservoir Engineering from the University
of London
• Past Chairman Shell Companies North East Asia
• Past Country Chairman Shell Nigeria
LIEW, Swee Yean
• Member of the Association of Chartered Certified Accountants
and the Hong Kong Institute of Certified Public Accountants
SIU, Siu Ling Robert
• Admitted as a solicitor in Hong Kong, England and Wales
• Main legal practice is in the field of commercial and corporate
finance
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TAJIKISTAN - INTRODUCTION
• Southernmost Country of the Former USSR
• Independence from the Soviet Union in 1991
• Area 143,100 Km² (UK 244,880 Km², Switzerland
41,290 Km²)
• 90% mountainous
• Population Approximately 7.3 million
• Modern Highway System Throughout
• Water Shed of Central Asia
• Agriculture – High Quality Cotton and Fruit
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World Class
Coal Projects in Tajikistan
Kaftar Hona Anthracite & Zeddi Bituminous Coal
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KAFTAR HONA – ANTHRACITE PROJECT
• 158 Million Tonne Anthracite Resource.
• Outcropping Parallel Seams Running 4km.
• Exceptional Quality Anthracite - First Stage
Laboratory Analysis:
Ash = 1.6% - 5%
FC = 85% - 87%
VM = 8.5% - 9%
S = 0.16% – 0.70 %
IM = 2.5% - 3%
P = 0.005% – 0.012%
Energy =8000+Kcal/kg
• Draft Mine Models Indicate:
•
•
Very low initial open pit strip ratio
Potentially long open pit life
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KAFTAR HONA – THE FUTURE
2012 Plan
• Drill up Section of Deposit to a JORC Compliant Resource
• Increase Production from Pilot Scale to Commercial Scale
• Carry out first Anthracite Exports to China
• Develop Mine Infrastructure to Increase Value
Future Development Plan
• Introduce Strategic Partners to Develop Mine
• Prove up Entire Reserve to JORC Standard
• Develop Underground Mine for Large Production
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ZEDDI – BITUMINOUS COAL PROJECT
• High Quality Deposit 78Km from Tajik Capital
• Coal Resource 17.7 million tonnes
• High Grade Coal
Ash = 8% - 26%
FC = +/- 60%
S
= 0.28% - 1.1%
IM = +/-3%
VM = 25% - 30%
GCV = 6900 Kcal/kg
• Production commenced 2008
• Expanding Market
• Cash flow positive
The Market
• Home & State Utility Heating
• Brick Factories
• Cement Plant
• Dushanbe Central Heating Stations
• Coal Gas Plant
• Thermal Power Plant
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ZEDDI – THE FUTURE
Power Station
• Tajikistan has an Electricity Shortage – No Existing Coal Fired Power Station
Expanding Operations
• Industrialization of Saddleback is
Causing Market to Expand
• Off-take Agreements with New
Factories and Plant
• Export Market to Pakistan is
Suddenly Increasing over Last Two
Years
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XINJIANG – THE SPECIAL MARKET
• Geographically Shares a Border with Tajikistan
(red line in map)
• Xinjiang Coal Reserves:
•
Very Rich in Thermal Coal reserves
•
Very poor in Anthracite & Coking Coal
• Chinese Government Heavily Investing to Rapidly
Increase Xinjiang Steel Production Capacity
• Anthracite & Coking Coal Vital to Steelmaking
• Kaisun’s Advantage:
•
Large reserves of Anthracite next to Xinjiang
•
Established a coal trading company in Xinjiang
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THE STRATEGIC PARTNERS
Kaisun is actively pursuing cooperation with potential Strategic Partners such as:
• Large Exploration and Mining Companies
• Cooperation with Established Steel Plants and Off-takers
Technical Cooperation
Xinjiang Uygur Autonomous region Coal Geology Bureau (新彊維吾爾自治區煤田地質局)
•
Plan to Work with Kaisun to Drill & Further Explore Tajik deposits with aim to produce JORC
compliant resource reports
Off take Agreements
With a large steel manufacturer in Xinjiang
•
Partnership with a Xinjiang steel maker will greatly improve Kaisun’s future income stream
With other resource companies for coal trading purposes
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EXAMPLES OF OTHER INTERNATIONAL MARKETS
• India
• High Grade Anthracite to Substitute Expensive Met Coke in Ferro Alloy Production
• Anthracite Used in Steelmaking and Electrode Manufacture
• Iran
• Imports Anthracite Principally from China and Poland
• Close to Tajikistan and Rail Link Already Constructed
• Pakistan
• Pakistan Lacks Reserves of Anthracite and Coking Coal – Requires Imports
• Yearly Thousands of Empty CargoTrucks are Traveling From Tajikistan to Pakistan
• Pakistan Buyers have Already Started Importing Tajik Coal in 2011
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RAIL AND INFRASTRUCTURE
To Urumqi
• Dushanbe to Iran:
Under Construction – to be completed in 2015
• Dushanbe to India:
Feasibility Study underway – estimated completion 2017/2018
• Dushanbe to Urumqi: Construction in Tajikistan set to commence in 2013
 Diagrammatic representation of rail line positions
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KAISUN OPERATION TIME LINE 2012
Procurement
New Road Construction
Production Zeddi
Production Komarob
Exploration Drilling
Local Coal Sales
Shipping Anthracite to China
Mar
Apr
May
Coal Transport Company Formed
Jun
Jul
Aug
2012
Sept
Oct
Nov
Dec
JORC report
completion
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KAISUN OPERATION TIME LINE 2012 - 2015
Complete 1st JORC report for
Kaftar Hona Anthracite
Develop Partnerships with
Strategic Operators
Increase Tajikistan Coal Reserves
Increase Coal Production
Construction of Anthracite Wash-Plant
Acquire New Mining Projects with Existing Cash
Core Construction of Large Scale Mine Infrastructure
Large scale Production and Exports Start
2012
Value Added to company
Increase Cash Flow
2013
2014
2015
Constant large Cash-flow and Profitability
Allows export of added-value products
Add Value by developing New Assets
Constant large Cash-flow and Profitability
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THE COMPANY STRUCTURE
KAISUN ENERGY GROUP
100%
100%
Kaisun
Coal Trading
SADDLEBACK
MINING LIMITED
52%
95%
96%
KOMAROB Ltd
VUROMUN Ltd
SANGGHALT Ltd
Kaftar Hona
Anthracite
Mine
Mienadu Coal
Mine
East Zeddi
Coal Mine
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SUMMARY OF AIMS
• Prove up all Reserves to JORC Standards (Increase Value)
• Acquire new Mining Projects with Existing Funds
• Increase Production in Tajikistan
• Pursue relationships with Strategic Partners
• Establish First Tajik/China Inter-country coal trading business
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