Oracle Coalfields PLC UK Block-VI

Block-VI: Oracle Coalfields, PLC (UK)

  • Oracle Coalfields PLC is a London Stock Exchange listed company, on behalf of its subsidiary Sindh Carbon Energy Limited, has a mining lease in Thar Coal fields Block-VI.
  • Oracle Coalfields has completed Mining Feasibility in 2012 for 5 MTPA open-pit mine.
  • Feasibility Stage Tariff has been approved by TCEB for 4.0 Mtpa mine project.
  • Financial Close expected by Q4 2020; mine and power plant commissioning by  2023-2024.
  • Signed in December 2018(renewed in February 2019) with BJPC and PowerChina, Two Chinese SOEs
  • The Company is in final stages of discussions with Sinosure and other equity providers for securing debt.
  • The ESIA has been approved by SEPA in January, 2014.