Sino-Sindh Resources Block-I

BLOCK-I: Sino Sindh Resources Pvt. Ltd.

Open-pit Coal Mining of 7.8 MTPA up and 2 x 660 MW Power Plant

Project Cost (Mine): US$ 0.950 bn

Project Cost (Power): US$ 1.9 bn

  – Global Mining China has acquired 100% shareholding of SSRL.

  – SSRL and Shanghai Electric Group Co., Ltd (SEC) have initialed a Coal Supply Agreement for power generation through 2 x 660MW mine mouth power plants.

  – SSRL says contingent upon Financial Close which is due in Q4 2018, COD is expected to be attained by Q4 2020.

  – Land & Socioeconomic survey completed

  – Feasibility stage coal tariff approved by TCEB

  – LOI from ICBC & Sinosure at place for mining

  -According to the SSRL Petition, total Project Cost is estimated to be USD 0.950 billion, to be funded by a 75-25 Debt-Equity ratio.