Jeremy Metcalfe, Communications Director of Strategic Natural Resources, talks about a coal resource of 155 million tonnes in 3% of the area under the company’s control, potential for an asset of 1 billion tonnes of extractable coal, the local market, off-take agreements, and a completed export feasibility study. (November 2010)
Jeremy Metcalfe, Communications Director at Strategic Natural Resources, says his company could have as much as 3 billion tons of coal at the Elitheni resource in South Africa. Announcements are due within weeks that, he says, will demonstrate how much the shares are undervalued. India and China will be the major export clients while SNR will produce 1 to 2 million tons of coal a year for use locally in South Africa.