Red Island Minerals

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Red Island Minerals Ltd (RIM) is a Perth Western Australia-based coal development company operating in Madagascar. The company is wholly owned by PTT Asia Pacific Mining Pty Ltd, [1] a subsidiary of PTT Public Company Limited, a state-owned Thai company. [2]

Perth City in Western Australia

Perth is the capital and largest city of the Australian state of Western Australia. It is named after the city of Perth, Scotland and is the fourth-most populous city in Australia, with a population of 2.06 million living in Greater Perth. Perth is part of the South West Land Division of Western Australia, with the majority of the metropolitan area located on the Swan Coastal Plain, a narrow strip between the Indian Ocean and the Darling Scarp. The first areas settled were on the Swan River at Guildford, with the city's central business district and port (Fremantle) both later founded downriver.

Coal A combustible sedimentary rock composed primarily of carbon

Coal is a combustible black or brownish-black sedimentary rock, formed as rock strata called coal seams. Coal is mostly carbon with variable amounts of other elements; chiefly hydrogen, sulfur, oxygen, and nitrogen. Coal is formed if dead plant matter decays into peat and over millions of years the heat and pressure of deep burial converts the peat into coal. Vast deposits of coal originates in former wetlands—called coal forests—that covered much of the Earth's tropical land areas during the late Carboniferous (Pennsylvanian) and Permian times.

Madagascar island nation off the coast of Southeast Africa, in the Indian Ocean

Madagascar, officially the Republic of Madagascar, and previously known as the Malagasy Republic, is an island country in the Indian Ocean, approximately 400 kilometres off the coast of East Africa. The nation comprises the island of Madagascar and numerous smaller peripheral islands. Following the prehistoric breakup of the supercontinent Gondwana, Madagascar split from the Indian subcontinent around 88 million years ago, allowing native plants and animals to evolve in relative isolation. Consequently, Madagascar is a biodiversity hotspot; over 90% of its wildlife is found nowhere else on Earth. The island's diverse ecosystems and unique wildlife are threatened by the encroachment of the rapidly growing human population and other environmental threats.

Contents

Red Island Minerals was founded by Sam Malin under the name Petrosearch International on 2 March 2005. [1] [3] Its name was changed to Red Island Minerals in 2008.

Red Island Minerals develops the Sakoa coal field in southwestern Madagascar. [2] It operates through its wholly owned subsidiary, Madagascar Consolidated Mining SARL, [2] in which the Malagasy government agency OMNIS holds a minority stake.

Sakoa is a region of southwestern Madagascar characterised by dry spiny forest and known particularly for its coal fields, the highest quality of which is the Sakoa field. There are a number of license holders on the field. The vast majority of licenses of commercial value are held by Madagascar Consolidated Mining, a subsidiary of Red Island Minerals, founded by Sam Malin, which is appraising and developing the resources of the field. Pan African Mining holds a considerable number of licenses on the periphery of the field. Other coal fields adjacent to the Sakoa region include the Ianapera, Imaloto, Sakamena and Vohibory fields.

OMNIS is the Malagasy government organisation, operating under the auspices of the Ministry of Energy, responsible for:

Sakoa Coal Field

The Sakoa Coal Field is in the southwest of Madagascar and coal was first discovered in the area in 1908. Small-scale mining was undertaken during World War II. Drilling results indicate that the field is large with a seam measuring up to 12 m (39 ft) thick in places. [4] The product is a thermal coal similar in specification to coal currently being exported by South Africa and is likely to be used in power plants in India and Western Europe. [2] Current estimates for the field are that 200 million tonnes of coal are recoverable, with an estimated potential resource tonnage of over one billion tonnes. It is expected that the coal will mostly be mined by the open pit method, [4] and that extraction will initially be at the rate of five million tonnes per year. [5]

Open-pit mining surface mining technique of extracting rock or minerals from the earth

Open-pit, open-cast or open cut mining is a surface mining technique of extracting rock or minerals from the earth by their removal from an open pit or borrow.

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Sakamena is a village near Betroka in the region of Anosy in Madagascar.

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References

  1. 1 2 "Company Overview of Red Island Minerals Ltd". Bloomberg Business. Retrieved 17 December 2015.
  2. 1 2 3 4 Praiwan, Yuthana; Wiriyapong, Nareerat (3 March 2012). "PTT buys Madagascar coal mine in US$50-million deal". Bangkok Post . Retrieved 16 December 2015.
  3. ↑ "Red Island Minerals Information". GreatMining. Retrieved 17 December 2015.
  4. 1 2 "Red Island Minerals". Coal Exploration Madagascar. VUNA Group. Retrieved 17 December 2015.
  5. ↑ Geological Survey (1 December 2013). Minerals Yearbook: Area Reports: International Review: 2011, Africa and the Middle East. Government Printing Office. p. 26. ISBN   978-1-4113-3669-8.


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