(Inc. in Cayman Islands – company number 239424)
Natasa Mining Ltd
Fox Creek Coal Project, Alberta, Canada
Natasa Mining Ltd, through its wholly-owned subsidiary Fox Creek Coal Inc, is the holder of coal bearing leases at Fox Creek, Alberta Canada, covering an area of 41,641 Ha.
These leases contain a thermal coal resource of approximately 1.4 billion tonnes, of which 777 million tonnes are measured and indicated under Canadian NI 43-101 guidelines.
Download the September 2013 Company Presentation here :
UMC / CNOOC PNG Energy Agreement
On 26 March 2012, UMC Energy, in which Natasa Mining holds a 41.3% equity interest, entered agreements with a wholly-owned subsidiary of CNOOC Limited, the Chinese multi-national oil and gas company listed on the New York, Toronto and Hong Kong Stock Exchanges, whereby CNOOC subscribed for a 70% equity interest in PNG Energy Ltd with UMC Energy retaining a 30% equity interest in PNG Energy. PNG Energy through its wholly owned subsidiary Gini Energy Ltd holds two on-shore (PPLs 378 and 405) and two off-shore (PPLs 374 and 375) Petroleum Prospecting Licences (PPLs) in Papua New Guinea. Pursuant to the agreements, and in consideration for the share subscription, CNOOC will be responsible for funding all expenditure in respect of the PPLs required to comply with the minimum work obligations during the exploration phase. Present at the agreement signing were, inter alia, directors of the Company and Li Fanrong, Chief Executive Officer and President of CNOOC.
Download the August 2013 Company Presentation here : UMC Presentation August 2013