(the "Company" or "
Under the terms of the investment agreement
Information on CoalTech and CASA are available at: http://www.coaltechenergy.com/
CoalTech’s principal focus lies in cleaning up the toxic and environmentally damaging waste generated by coal mining. The process delivers a high quality saleable energy source, the properties of which allow it to be easily handled and transported to customers around the world. Coal fines or tailings are a wasteful by-product of the coal mining process that have a low market value, are generally expensive to dispose of, and are left in stockpiles or slurry ponds at or near mining sites. At present, vast amounts of coal discards lie in open-air lagoons as wasted by-products. It is estimated that over 30 billion metric tonnes of coal tailings are available in the top 10 coal producing countries (Source:
In 2012, CoalTech started a programme intended to develop a financially viable technology solution that would enable the agglomeration of a large quantity of waste coal fines, which are currently being produced and stored as waste, into commercially viable products to be sold to domestic and export markets. A test pelletizer plant was developed in
Through extensive research and development, CoalTech has devised a method of converting coal fines into cost efficient, durable pellets by which the coal fines are bound together in the pelletizer plant using a proprietary chemically-formulated organic binder. Overcoming problems experienced by traditional processes, their heat-resistant binder can be used on a large commercial and industrial scale, with significant cost benefits resulting from the avoidance of storage and handling costs, and by producing usable coal pellets from waste materials with equal calorific value as the coal it came from.
CoalTech has also engaged Sedgmans, a leading engineering company in minerals processing and service provider to the resources sector, to develop phase two of the pelletising plants which are now at the pre-production phase with completion expected in quarter four, 2018.
CoalTech’s ambition is to become established as the world’s pre-eminent clean technology solution of waste coal fines which can provide coal mines and coal utilisation sites, such as power stations, with on-site remediation of a long-term and challenging environmental issue within the industry.
“We are very pleased to announce our first investment into CoalTech and CASA. CoalTech’s investment case and proprietary technology offers a novel solution to environmentally damaging waste coal fines that has wide potential across coal producing countries within
The directors of the Company accept responsibility for the contents of this announcement.
Clean Invest Africa email@example.com Sam Preece, Executive Director Peterhouse Corporate Finance LLP Tel: 0207 469 0930 Guy Miller