White Energy Company Limited engages in the development and exploitation of the binderless coal briquetting technology and evaluation of the mining exploration assets in Australia, South East Asia, South Africa, and the United States. Segments Coal Technology The company has a licence to technology developed by the CSIRO, which processes coal into a higher quality product. Mining The company engages in the mining of exploration assets. Agreements In January 2009, the company entered into an agreement with Buckskin Mining Corporation (an indirect wholly owned subsidiary of the Kiewit Corporation) in relation to the development of a coal upgrading facility in the Powder River Basin near Gillette, Wyoming. The company and Peabody Energy, Inc. signed a joint development agreement in May 2009, regarding the formation of a partnership to construct and operate 20 million tonnes per annum of binderless coal briquetting plants in North America. Joint Venture In November 2008, the company signed a joint venture agreement with an entity managed by Black River Asset Management LLC, an independently managed subsidiary of Cargill Incorporated, under which the company and Black River would develop and commercialize the company’s coal upgrading technology throughout Africa.
white energy co ltd
(WEC:Australian Stock Exchange Ltd)
20 Hunter Street
Sydney, NSW 2000
Phone: 61 2 9959 0000
Fax: 61 2 9959 0099www.whiteenergyco.com
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|Price/Cash Flow||NM||Not Meaningful|
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