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  • Home
  • About Us
    • At a Glance
    • Project Timeline
    • Our Strategy
    • Our Values
    • Our Development Process
    • Our Team
    • Corporate Structure
    • Corporate Governance
      • The Role of the Board in Corporate Governance
      • Audit Committee
      • Remuneration Committee
      • Nomination Committee
      • Tender Board
      • Code of Conduct
  • Operations
    • Thar Coalfield Block VI
    • Map of Operations
    • Reserves and Resources
    • Business Model
    • Potential Partners
    • Feasibility Study
  • Country Overview
    • Country Facts
    • Energy Challenges
    • Investment Incentives
  • Investor Relations
    • Investor Centre
    • Share Price
    • Regulatory News
    • AIM Rule 26
    • Investor Calendar
    • Significant Shareholders
    • Financial Reports
    • Shareholder Circulars
    • Annual Reviews
    • Advisers
    • Presentations
    • Webcasts
  • Corporate Social Responsibility
    • Corporate Principles
    • Health, Safety & Environment
    • ESIA
    • Resettlement and Communities
  • Media
    • Press Releases and Reports
    • Gallery
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  • Careers
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2017

  • CPEC Update
  • Memorandum of Understanding Agreement signed
  • Developing Communities
  • Thar Block VI Mine ESIA Update and Power Plant ESIA

2016

  • Extension of IRR arrangement
  • Increase of equity interest in subsidiary Sindh Carbon Energy Limited from 80% to 98%
  • Signed Shareholder Framework Agreement whereby, subject to conditions precedent, a consortium of new and existing Chinese partners will take a 70% equity interest in the Pakistani subsidiaries
  • Determination of feasibility stage coal price

2015

  • Thar project has been included in the China-Pakistan Economic Corridor (CPEC)
  • Formation of Thar Electricity (Private) Limited
  • Progress on Thar coal pricing
  • Signed a consortium agreement with Chinese partner SEPCO
  • A top AIM Performer

2014

  • A “No Objection Certificate” was issued by SEPA for the ESIA study for the mine on Block VI, Thar Coalfield
  • Oracle signed Engineering Procurement and Construction (“EPC”) Framework Agreement in Beijing with SEPCO, one of China’s leading power and construction groups

2013

  • Environmental and Social Impact Assessment (ESIA) study for the mine completed and submitted to the Sindh Environmental Protection Agency (SEPA)
  • In September 2013, JDA with China CAMC Engineering Co Ltd for funding and the development of the coal mine
  • In November 2013, Memorandum of Understanding (MOU) with SEPCO for the development of a 600MW coal-fired power plant at Block VI, Thar Coalfield

2012

  • Joint Development Agreement (JDA) signed with K-Electric for long-term coal and water supply for proposed 300MW coal-fired power plant
  • Implementation plan announced for Thar Coalfield including capex requirements and production costs
  • Technical Feasibility Study completed by SRK
  • JORC code compliant resource
  • 529Mt in a 20km2 area of the licence
  • 113Mt JORC proven coal reserves in Phase 1
  • Mining lease issued for Block VI, Thar Coalfield

2011

  • Admission to AIM
  • Over £3 million was raised on the London Market
  • Strengthening of Board and management

2009

  • SRK appointed to conduct a feasibility study of the development of Block VI
  • Memorandum of Understanding agreements signed with the Karachi Electric Supply Company (KESC, now known as KE) and Lucky Cement
  • Environmental and Social Impact Assessment for the mine approved by the Pakistan authorities

2007

  • A Pakistani subsidiary , Sindh Carbon Energy Ltd (SCEL), formed
  • SCEL granted licences for coal exploration in Sindh at Badin and Thar Block VI
  • Oracle Coalfields admitted to trading on the Plus Market
  • Dargo Associates certified a coal reserve at Thar Block VI under the JORC code with a ‘measured resource’ of 1,423 million tonnes and ‘proved reserves’ of 371 million tonnes

2006

  • Oracle Coalfields plc incorporated in the UK
  • Dargo Associates Ltd were appointed to assess and evaluate coal resources in Sindh
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