Manufacturing | Thermal Coal Resource - New Zealand

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Thermal Coal Resource - New Zealand

Taranaki | Ad ID# 3314
Industries  >  Manufacturing
Asking Price $0.00 Inventory $
Included in Asking/Selling Price
Gross Income $0.00 Real Estate $Own
Stock/Inventory value .00 Year Established NA
FF&E $0.00
Included in Asking/Selling Price
*
Employees




Business For Sale By
Chloe Belli

Contact the Seller
To inquire about this business for sale, click the "Contact the Seller" link below

  Website
Thermal Coal Resource - New Zealand

Do you need coal to manufacture gas? (Or for any other reason)

This North Island Thermal Coal Resource is estimated @ 25 million tonnes of opencast and 17 million tonnes of underground coal.

With the price of Thermal Coal at approx. US$95 tonne (March 2018) (Source Globalcoal.com) this should be a profitable investment.

Most of the work has been done to prepare this resource for immediate action to build the infrastructure to enable mining to commence. There is approximately 15 million tonnes of reserve coal that has been identified as being cost efficient to mine and as world coal prices increase it is expected that the rest of the resource will also be mined as required. There is a coal mining license and land access agreement that finally expires in 2142. A Port is conveniently close by to allow for export of the coal.

With the changes in NZ Govt policy, now is the right time to secure this coal resource before the gas runs down. The emissions from the generator could be sequestered in the gas field encouraging more gas production.

The owners are very keen to discuss options.

Price By Negotiation.

A full Information Memorandum will be supplied to interested parties that have the proven capability to fund and proceed with this project. If you are interested please visit www.barkerbusiness.co.nz/BBS1150 to submit a Confidentiality Agreement. Neil will be in touch when he receives your registration of interest.

Licensed REA 2008. Copyright Barker Business Brokerage Ltd 2018.

General Information

Home-Based: No

Property/Location

Real Estate: Own

Other Information

Reason for Selling: NA