Camelot Excalibur Mining
About Camelot Excalibur Mining
The study showed that in 2000 to 2004 led to the positive conclusion that the Emalahleni area in the Witbank would sustain a viable long-term coal mining programme to fuel a new Kusile ower Station. Camelot Excalibar Mining consequently entered into an exclusive MOU with the UK based Independent Power Corporation Group early in 2006 and this led to the incorporation of Camelot Excalibur Mining in SNR with IPSA as its Strategic Partner for the development of IPP's throughout the Mpumalanga. A rigorous drilling programme was mounted on site in 2006 to prove the reserve in accordance with SAMREC standards, with over 50 000 metres of boreholes drilled in the last three years. During this period, Camelot Excalibur Mining has increased its prospecting rights from the initial 9 500ha to 184 000ha as well as having converted 9 281ha to exclusive 5 year mining rights.The area drilled up to January 2012 (less than 5% of the whole) confirms coal resources of over 260 million tonnes with mine planning developed for the extraction of over 30 million tonnes.The successful development thus far, culminated in an export feasibility study in 2010, which confirmed the viability of exporting coal via the port of Emalahleni in South Africa. Subsequently a 2million tonne offtake agreement was signed with Trasteel International, a Swiss trader formed by the former CEO of Duferco and colleagues. The mine is currently ramping up production in 2012 to meet this initial demand.