Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
duxi will do its just every way this company has been run does not add up. Any way duxi hope you are well and good hope we get news soon .all the best.
but i guess they know what they are doing and will look into every corner of there dealings .
Did we really need the new wash plant ,i dont think we did we were already to produce but did not .we could of waited for the price of coal to improve before trying to buy yet another wash plant.What ever way you look at this it stinks.
BIG question why we never produced ? Botswana Coal Companies See Output Without New Rail Line By Mbongeni Mguni Jan 26, 2015 11:28 AM GMT 0 Comments Email Print LinkedIn Save Coal explorers in Botswana are pressing ahead with plans to start production and use existing rail capacity to ports in South Africa and Mozambique instead of waiting for a line being built to Namibia, the mines lobby said. “You cannot sit down and wait for the Trans-Kalahari Railway; that would be a disaster,” Botswana Chamber of Mines Chief Executive Officer Charles Siwawa said in a Jan. 21 interview in Gaborone, the capital. “The thing to do is to move on the available capacity and all of them are trying.” Namibia, on the continent’s southwestern coast, and Botswana are jointly developing the 1,500-kilometer (932-mile) Trans-Kalahari Railway to transport coal from the east of the landlocked country to markets in China and India. Mozambique and South Africa, the world’s seventh-largest coal producer, have offered 20 million metric tons of annual railing capacity to Botswana. Producers in Botswana will rail the fuel to the port in Mozambique’s capital, Maputo and Richards Bay in South Africa, Siwawa said, without providing more information. The coal terminal at Matola in Maputo has capacity of 7.5 million tons annually, Grindrod Ltd., the terminal operator that’s continent’s biggest shipping company, said on its website. Richards Bay Coal Terminal Ltd., the world’s largest export facility for the fuel, is on South Africa’s northeast coast, with Glencore Plc as the biggest shareholder. Grindrod operates the Navitrade terminal at Richards Bay with RBT Resources (Pty) Ltd. and is developing this into a fully mechanized coal facility with eventual capacity of 20 million tons a year. Excess Supply The production plans come as global supply of the fuel exceeds demand. U.S., European and Asian price for power-plant coal, which Botswana has, the have fallen for four consecutive years, while the metallurgical variety, used to forge steel, has dropped for three. “Sitting back and waiting for the coal price to improve is unwise, as we believe we have hit the bottom now and the only way is up,” Siwawa said. “Producing now would help them work out the logistics when the Trans-Kalahari is developed as you cannot simply wake up and supply the 60 million tons per annum it will require.” Of the seven coal companies active in Botswana, two are at exploration stage and four at pre-feasibility. Jindal Africa, a unit of India’s Jindal Steel & Power Ltd. (JSP) received a mining license in August and plans to start production for export next year. Shumba Coal Ltd., Hodges Resources Ltd., Walkabout Resources Ltd., African Energy Resources Ltd. and Minergy Ltd. are among the companies.
An they have my full support to.The BOD need to be held accountable for there actions,not just blaming bad coal prices,.I,M,O,P this share price has been brought down deliberately over the last couple of years for exactly this purpose cheap assets and shaft the privet investor out of there savings its no more than a disgrace.As for the law it should be changed to protect privet investors more from rouge directors and asset robbery.
Thanks once again A.R.K and all others.The BOD could learn a lot from the action group loyal and had working for all the shareholders. Good work everyone behind the scenes. There are a lot of shareholders if not all that will support us .good luck all
I really hope there is more we can do the BOD need to explain how this company is in administration .Blaming current coal prices is just not good enough I'm my opinion its gross negligence and greed.Hope we all stand up for what is rightfully ours and fight till the end for justice.
there is still things that can be done, lets see what happens in administration.we need to stick together in this.the action group i am sure will inform us when the time is right.
Thank you andy for the update and everyone else involved, hope there is light at the end of this long dark tunnel.
hi duxi im sure it will take a couple of weeks at least there is a lot of information for them to work through.we want them to do a thorough job after all .
Bckttsim i was thinking along those lines to,i am sure amin would have to look into all the assets even the valuble one that jones and vitol seem to want so badly.
i think thats how you differentiate between man and beast, if they show no remorse there beasts or was it greedy pigs, i am not sure now.
yes but if there was any wrong doing as far as the discounted shares and late buying (56k) it could get more interesting,early days we might have been dragged through the mud but it could be the BOD that come out DIRTY.
not date at the moment but i guess it will not be a long wait.
Hi duxi how are you,yes its quite on here .i know there's lots going on and hope all investors of BHR are still following this till the end and not going to give in,i for one think this still is far from over and just hope we all stick together to fight for what is rightfully ours .
Thanks red .its no wonder we have run out of funds.its totally unbelievable.
Moatize coal loading site commissioned with JV Partner.Again who is the partner and why do we need to spend on this when were not exporting.
Big thank you peter and everyone else working behind the scenes.
Yes this is still all to play for.don't give in we need to hold tight and fight till the end.
Beacon Hill placed into administration Following the rejection of a restructuring and funding plan by shareholders last month, Beacon Hill Resources has been placed into administration. The company, which owns the Minas Moatize mine in Mozambique, had previously warned that it only had enough operating cash to survive until mid-January. Minas Moatize Limitada, the operator of the Minas Moatize mine, has not at this stage been placed into administration. The board of directors and senior management will now work with the administrators and Vitol Coal, the company’s senior secured debt provider, to maintain the mine as a going concern with a view to its sale. The company’s shares will remain suspended from trading on AIM until further notice. The company also warned that ordinary shareholders face the complete loss of their investment due to its “significant liabilities and prevailing adverse global coal market conditions”. "Since 17 December 2014, the board has endeavoured to identify and progress potential alternative funding and restructuring solutions with its senior debt provider and other key stakeholders to take the business forward,” said Justin Farr-Jones, Chairman of Beacon Hill, in a statement. “However, it has unfortunately not proved feasible to secure any viable alternative sources of funding in the time available.” "Minas Moatize remains an excellent project with significant milestones achieved since the company assumed management control of the mine in May 2010,” Farr-Jones continued. “We sincerely hope that a suitable acquirer will be found to enable this attractive asset to recommence economic mining operations over the longer term." Written by Jonathan Rowland. Published on 13/01/2015