www.oraclecoalfields.com
Oracle Coalfields is a UK based company with its primary coal projects in Pakistan. It will in time evaluate global opportunities for investment and strategic partnership for coal mining and production.
Oracle Coalfields submits mining lease for 1.4-billion tonne Thar project
Pakistan-focused Oracle Coalfields (LON:ORCP) announced this morning that its 80-per cent owned subsidiary in the country has submitted an application for a 30-year mining lease for the company’s Block VI Thar Coalfield project.
Oracle plans to be a pioneering developer of the Thar Coalfield, which is located 380 kilometres from Karachi and covers a total area of 9,100 square kilometres. It has a total lignite coal resource that is in excess of 175 billion tonnes, and an independent coal consultant has defined a 1.4 billion JORC resource and proved JORC reserve of 371 million tonnes across the prospective mine area.
The coalfield is also in close proximity to good infrastructure, with ongoing development of a road and power network in the region, according to the company.
“The successful application for a mining lease would give the company full mining concession status and will demonstrate the strong continuing support of the Sindh Government for the project”, said Shahrukh Khan, Oracle’s chief executive. “This is another important step by Oracle Coalfields as we work towards bringing Pakistan's first coal mine into production and thereby contributing a major foundation for the future economic well-being of the country.”
Shares in Oracle were down 0.2 per cent at 7.36 pence each during early trading this morning.


















