one to look at

  1. 61 Posts.
    Firestone energy is a junior coal play that is about to list on the jse in south africa (tonight est)... Sekoko is their partner on the ground over their... If you look below you will see they are getting involved in some interesting plays atm....

    Fse current share price is 2.5c with a market cap of 30million.... I beleive they are sitting on a billion tons of coal in the waterberg area in S/A....

    Code is FSE...

    China-Africa: Sekoko, China Railway May Build 40 Billion-Rand Power Plant
    By Carli Lourens

    Sekoko Energy, a venture between Sekoko Resources Ltd. and China Railway Construction Corp., may build a power plant for as much as 40 billion rand ($3.8 billion) in South Africa to help end the country’s energy shortage.

    Sekoko Energy will be controlled by Sekoko Resources, a South Africa-based company led by black investors, Tim Tebeila, chairman of the resources group, said by phone today. The shareholding has yet to be completed, he said.

    Sekoko Energy will submit a bid to state-run power utility Eskom Holdings Ltd. by May for as many as three 600-megawatt coal-fired generating units, Tebeila said. The first could start producing power 36 months after the approval date, he said.

    South Africa wants to encourage private sector investment to augment Eskom’s expansion, expected to cost about 343 billion rand over five years, and end the shortage that caused rolling blackouts in the first quarter.

    “Sekoko estimates that it has more than 4 billion tons in situ of indicated coal resource in its Waterberg properties,” the company said in an e-mailed statement. There are sufficient reserves to feed a power plant and a possible coal-to-motor fuels plant, it said.

    Sekoko is among 23 companies Eskom invited to bid for power plants. Others include AES Corp., Aldwych International, Huaneng Power International Inc./G3 Power and Shenzhen Energy Group Co., Eskom said Oct. 24

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