Just Bayans Off-Take-Agreement has been valued 215 Mio USD....

Just Bayans Off-Take-Agreement has been valued 215 Mio USD. There will be some more positions on the bill in the very near future.


"In addition, the underlying terms of the joint venture with Bayan have been significantly improved in that the parties have agreed to: increase the size and scope of the project from an annual output of 3 million tonnes of upgraded coal to 5 million tonnes; increase Bayan’s annual offtake obligation of upgraded coal from 500,000 tonnes per annum to 1.5 million tonnes per annum. This five year commitment equates to an offtake obligation on Bayan of approximately US$215 million (after allowing for the rolling commissioning of each 1 million tonne module over the period). The joint venture is owned 51% by White’s and 49% by Bayan. An initial module will be built with production capacity of 1 million tonnes per annum. Once this module has demonstrated proven capacity, modules able to process a further 4 million tonnes per annum will be added, taking total production to 5 million tonnes per annum. In addition to its entitlement to a share of profits from its equity in the joint venture with Bayan, White’s will also generate a number of upfront and recurring revenue streams from the project."

http://www.whiteenergyco.com/news/press-releases/bayan-joint-venture-feasibilty.php