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Business Description: White Energy Company Limited (WEC) is a technology-enabled natural resources company focusing on development of the Binderless Coal Briquetting (BCB) clean coal upgrading technology and evaluation of the miming exploration assets. WEC has two main divisions namely coal technology in Australia, Indonesia, USA and South Africa; and coal mining in Australia.
Strategy Analysis: WEC continues to focus considerable attention on its North American business development initiatives, including work on developing permits for both the Buckskin and Peabody Energy projects in the Powder River Basin, Wyoming, USA. In addition, WEC is working with the State of Kentucky with respect to the potential construction of a BCB plant in that State. WEC has continued to analyse opportunities in Africa for the upgrading of discarded thermal coal fines into compacted, transportable and useable briquettes with significant increases in energy content and value..
White Energy Company reported negative cash flow of $32.75m for the quarter ended 31 December 2012. Operating cash flow for the period was $(6.83m). Payments for exploration and evaluation were $(75,000). Investing cash flow was $(927,000). Financing cash flow was $(25m). Cash in hand at the end of the quarter was $100.59m.
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