ASIAN AMERICAN COAL, INC. - CEMR
ASIAN AMERICAN COAL, INC. - CEMR
ASIAN AMERICAN COAL, INC. - CEMR
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<strong>ASIAN</strong><strong>AMERICAN</strong><strong>COAL</strong>, , <strong>INC</strong>. IWV<strong>CEMR</strong>CHINA SYMPOSIUMNOVEMBER 2, 2000
<strong>ASIAN</strong><strong>AMERICAN</strong><strong>COAL</strong>, , <strong>INC</strong>. ISHAREHOLDERS• CBM Coal Mining Associates:– Evan Energy Company– Marshall Miller and Associates– Texas Crude Energy, Inc.
<strong>ASIAN</strong><strong>AMERICAN</strong><strong>COAL</strong>, , <strong>INC</strong>. I•AMCISHAREHOLDERS• James River Coal Company• James Bunn• Chris Cline• Ivor Massey, Jr.• ELKEM ASA• Phillips Machinery
<strong>ASIAN</strong><strong>AMERICAN</strong><strong>COAL</strong>, , <strong>INC</strong>. IMISSIONTo align AACI with the premiersuppliers of low sulfur coal inChina to serve plants dedicatedto China’s growing need forelectrification and desire forenvironmental reformation
<strong>ASIAN</strong><strong>AMERICAN</strong><strong>COAL</strong>, , <strong>INC</strong>. IBUSINESSCLIMATE1. Deng Market Reforms2. Environmental Reform3. Transformation of the ElectricUtility Industry4. Coal Industry Privatization
ShanxiProvince
SHANXI<strong>ASIAN</strong><strong>AMERICAN</strong> -DANINGENERGY COMPANY, LTD.• Joint Venture Partners– Asian American Coal, Inc.– Shanxi Lanhua Industrial Group– Shanxi Coal Transport and Sales Corp.
SHANXIBLUEFLAMEENERGY,LTD.• Joint Venture Partners– Asian American Coal, Inc.– Jincheng Bureau of Coal Mining
SHANXI<strong>COAL</strong>BEDMETHANEDEVELOPMENTCORP.• Joint Venture Partners– Asian American Coal, Inc.– Jincheng Bureau of Coal Mining– Shanxi Lanhua Industrial Group– Shanxi Coal Transport and Sales Corp.– China National Petroleum Company– China United CBM Group
No. 3 Seam Channel Sample Quality(dry basis)Raw 1.50 1.60Seam Section A.S.G.Ash % Sul% W t % Ash % S ul% W t % A sh % S ul%U pper M ain 1.52 14.60 0.42 82.13 10.08 0.45 85.61 11.82 0.44Middle M ain 1.46 5.83 0.46 97.11 4.59 0.47 98.44 4.67 0.47Low er M ain 1.49 10.55 0.47 76.71 8.52 0.48 96.26 9.41 0.48Com posite 1.49 10.38 0.45 85.23 7.76 0.47 93.36 8.68 0.46Head Coal* 1.56 17.47 0.42 64.20 8.26 0.47 80.11 10.02 0.46Floor C oal* 1.74 29.18 0.37 17.37 8.31 0.52 47.34 12.43 0.48FullS eam 1.55 15.71 0.43 66.92 7.98 0.48 81.15 9.73 0.47Head Coal& M ain 1.51 12.22 0.44 79.78 7.89 0.47 89.93 9.02 0.46*Includes portions ofthe m ain m ineable bench,which low ers the ash content
Daning No. 1 MineNo. 3 Main Seam Reserve Map
1996 Potential Deep Mineable ReservesAll Seams (Metric Tonnes x 1,000)(dry basis)No.of IndustrialR eserve A +BTem p.Useless G eologicalS eam R ank A B C A +B +C A +B +C R eserve R eserveGeologicalR eserve in M ine Field3 A 138,947 48,587 99,208 286,742 65.40% 0 286,7426 A 0 0 7,640 7,640 0.00% 2,175 7,6407 A 0 0 6,050 6,050 0.00% 1,422 6,0509 A 0 0 2,314 2,314 0.00% 968 2,31415 A 80,285 86,367 199,561 366,213 45.51% 0 366,213Total 219,232 134,954 314,773 668,959 4,565 668,9591996 Taiyuan Research Institute study
Daning Mine Materials-Handling Flowsheet
Typical Continuous Mining Section:7 Entry
Typical Roof & Rib Control Schematic:Mains & Submains
Mine Cost CategoriesSales R elated 18.4% TotalR evenueMineralR esource R oyalty Fee 1.0% of R evenueR esource Tax $0.22 per tonValue Added Tax 13.0% of R evenueValue A dded Tax C redit 17.0% of R evenueProvincialC oalBureau Adm inistration Fee $0.11 per tonProvincialC oalBureau M aintenance Fee $0.03 per tonProvincialC oalBureau Servic e F e e 2 .5 % o f R e v e n u eS ta m p D u ty m u ltiple rates*E xp ire s in 2000
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