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Share Name Share Symbol Market Type Share ISIN Share Description
Clean Invest Africa Plc NEX:CIA NEX Ordinary Share GB00BF52QX07
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.75 0.20 1.50 0.75 0.75 0.75 0.00 07:52:42
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
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Clean Invest Africa Plc CASA Investment Update

18/12/2019 7:00am

UK Regulatory (RNS & others)


 
TIDMCIA 
 
18 December 2019 
 
                              Clean Invest Africa 
 
                            CASA Investment Update 
 
Clean Invest Africa plc (NEX: CIA) is pleased to provide an investor update 
regarding its current holding in the CoalTech Group of Companies. 
 
Highlights 
 
  * Successful preliminary testwork programs with two large major listed South 
    African coal consumers. 
 
  * CASA has successfully produced pellets that have been analysed by these two 
    companies and in both cases the results were deemed suitable to proceed to 
    the next stage of testing. The future potential commercial opportunities 
    are transformational in terms of scale and value. 
 
  * In the first case CASA has the near term opportunity to produce a bulk 
    sample in the range of 30,000 tonnes to 60,000 tonnes to assess with the 
    client the potential of a longer term supply arrangement for a full scale 
    power station. A long term supply arrangement would be of significant 
    commercial value to the Company. 
 
  * In the second case, if commercially successful, the client will use 
    material which is already mined to supplement their existing feedstocks and 
    CASA can assist in minimizing future stockpiling of excess fine coal from 
    the slurry dams, reducing rehabilitation costs, and related environmental 
    liabilities. A long term relationship would justify the construction of a 
    bespoke large scale commercial plant at the client location. 
 
 
    Background 
 
CASA (Coal Agglomeration South Africa (Pty) Ltd) is currently involved in 
preliminary testwork programmes with two major listed South African coal 
consumers who have expressed an interest in assessing the viability of using 
CASA's technology to produce pelletized coal fines. CASA has successfully 
produced pellets that have been analysed by these two companies and in both 
cases the results were deemed suitable to proceed to the next stage of testing. 
This next phase involves the production of a larger bulk samples for further 
testing. 
 
In the first case CASA has been requested to source suitable fines, and to 
produce a 6 tonne sample for a pilot scale combustion test, and then if 
successful, a bulk sample in the range of 30,000 tonnes to 60,000 tonnes for a 
full scale power station combustion trial. 
 
In the second case CASA is using reclaimed fines from the client's own existing 
slurry dams which will then be agglomerated and reintroduced into their 
gasification process feedstock. CASA is currently producing a 1 tonne sample of 
hard, waterproof pellets for evaluation by the client. If commercially 
successful the client will use material which is already mined to supplement 
their existing feedstocks. In addition, future stockpiling of excess fine coal 
from the slurry dams will be minimised, as will the associated rehabilitation 
costs, and related environmental liabilities. 
 
With 16million tonnes of estimated fine coal being produced annually by the 
South African coal mining industry, CASA's first client has identified an 
opportunity to supplement their existing power station feed with suitable 
pellets. To this end, CASA has been requested to source suitable fines, and to 
produce firstly a 6 tonne sample for a pilot scale combustion test, and then if 
successful, a bulk sample of 30,000 to 60,000 tonnes for a full scale power 
station combustion trial. 
 
CASA's second opportunity involves using reclaimed fines from the Client's own 
existing slurry dams which will then be agglomerated and reintroduced into 
their gasification process feedstock. CASA is currently producing a 1 tonne 
sample of hard, waterproof pellets for evaluation by the client. If successful, 
a larger bulk sample will be prepared. By doing this, the client will use 
material which is already mined to supplement their existing feedstocks. In 
addition, stockpiling of excess fine coal from the slurry dams will be 
minimised, as will the associated rehabilitation costs, and environmental 
liabilities. 
 
CASA will be using their unique binder and testwork facility, situated at 
Bulpan, near Emalahleni, to produce these bulk samples. This facility consists 
of both a laboratory scale pelletizing unit for smaller samples as well as a 
fully operational production plant capable of producing 5,000 tonnes per month 
of dried and water resistant pellets. 
 
Whilst CASA's preferred operating model is to partner with their clients in 
these types of projects, CASA will also consider a toll treatment option, with 
a BOO (Build, Own, Operate) being a further possible option. 
 
Filippo Fantechi, Non-Executive Chairman, of Clean Invest Africa plc commented 
that: 
 
"We came away from the CASA update with a new sense of excitement as to the 
potential scale of CASA in South Africa. These preliminary successful trials 
demonstrate both the enormous scale of potential demand and the ability of CASA 
to fill such demand. With a working commercial scale plant and test lab both 
now operational we look forward with some considerable excitement to the 
advancement of these two customer trials and their enormous future potential. 
 
We are confident we can turn these types of opportunities into commercial 
contracts and expand further in both South Africa and via Coaltech, globally. 
 
Given our views on CASA and Coaltech as stated above, we see this as a 
resounding endorsement of our investment to date and relish the future 
opportunity. I would like to thank the executive team and staff at CASA for 
their hard work in 2019 and believe 2020 will be the year in which we will 
begin to reap the rewards of patience and belief in our investment in Coaltech 
and CASA." 
 
Forward Looking Statements 
 
This announcement contains forward-looking statements relating to expected or 
anticipated future events and anticipated results that are forward-looking in 
nature and, as a result, are subject to certain risks and uncertainties, such 
as general economic, market and business conditions, competition for qualified 
staff, the regulatory process and actions, technical issues, new legislation, 
uncertainties resulting from potential delays or changes in plans, 
uncertainties resulting from working in a new political jurisdiction, 
uncertainties regarding the results of exploration, uncertainties regarding the 
timing and granting of prospecting rights, uncertainties regarding the 
Company's ability to execute and implement future plans, and the occurrence of 
unexpected events.  Actual results achieved may vary from the information 
provided herein as a result of numerous known and unknown risks and 
uncertainties and other factors. 
 
The Directors of the Company accept responsibility for the content of this 
announcement. 
 
ENQUIRIES: 
 
Company 
 
Clean Invest Africa PLC 
 
Sam Preece - Executive Director 
 
Telephone: 020 3130 0674 
 
Noel Lyons - Executive Director 
 
Telephone: 020 7486 6558 
 
Corporate Adviser 
 
Peterhouse Capital Limited 
 
Guy Miller 
 
Telephone: 020 7220 9795 
 
 
 
END 
 

(END) Dow Jones Newswires

December 18, 2019 02:00 ET (07:00 GMT)

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