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July 3
2008
124th Sydney Mining Club Luncheon
12.30pm
Tattersalls Club
 
  Dan O'NeillFelix Resources is a Brisbane based resources company primarily focused on investing in, developing and operating coal projects. The Company has grown strongly since 2003 through expansion, new developments and acquisitions, and plans to control 15 million tonnes per year of coal production by 2010. Key assets are the Yarrabee and the Minerva open cut-coal mines in Queensland; the Ashton open-cut coal mine plus the Ashton underground and the Moolarben coal development projects in New South Wales; and Ultra Clean Coal technology. An office was recently opened in Adelaide from which evaluation work on the Phillip Basin coal resource will be managed.

Brian joined Felix in April 2005 as Executive Director, Mining and became Managing Director the following year. He has more than thirty years' experience in the development, engineering, construction, operation and management of open-cut and underground mining projects in Australia and overseas. He was previously General Manager of the Ulan Coal Joint Venture and had key roles in the development of the Piparwar coal mine in India and the North Goonyella coal project in Queensland.

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July 31
2008
 
 

Gary Stafford, MD of PanAust Limited and Ines Scotland, CEO of the Citadel Resource Group
These two stories focus on the successful acquisition and development of significant resource projects in two quite different parts of the world, Laos and Saudi Arabia, and illustrates the value chain from exploration through to project commissioning.

PanAust commenced work exploring and developing the Phu Kham gold and copper deposits in Laos in 2001 and its flagship project commenced production of copper concentrates at the end of April after a construction program than came in on budget (US$240M) and ahead of schedule.

PanAust is already planning to expand Phu Kham from a mining rate of 12Mtpa to 16Mtpa by 2010 and has an active exploration program in Laos and another copper project under study in Thailand.

The company has progressed from where Citadel sits today (commencing feasibility) to a significant producer (60,000tpa Cu) and has a market capitalisation in excess of $1.7 billion, more than five time Citadel's current value.

 

Citadel listed in late 2007 and hopes to take its first project at Jabal Sayid (copper-gold) into production by mid-2011 and has a number of other projects under assessment which could provide a number of additional mines in the future.

Doing business in Saudi Arabia is proving to be attractive for mining companies, as Ines Scotland will explain and Laos has proved to be an excellent place to do business as Gary Stafford will confirm.

 

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