Our company information


 

Established in 2000, Bhagya Laxmi Group of Companies an registered company, is one of the prominent and pioneering agencies in India. It's main objective is to deliver high quality, efficient services to our valued clients. We are extremely delighted to say a few words about the activities of Bhagya Laxmi Group of Companies which has reached today noble heights of performance with high level of Clients, in dealing with various services. We must thank all customers of Bhagya Laxmi Group of Companies for their faith and confidence in us, all our principals for their support and everyone associated with us by some way or the other in making this group a success.

Review of Operations

Boina Mines and minerals Coal Limited (ASX:CCC/AIM:COOL) is a South African thermal coal producer with a portfolio of producing, development and advanced exploration coal projects located in South Africa's major coal fields.

Boina Mines and minerals currently has three operating mines, Penumbra, Vlakvarkfontein and Ferreira, producing 2.2Mtpa of thermal coal for the export and domestic markets. In 2013/14 Boina Mines and minerals is set to commence development of its fourth thermal coal mine, De Wittekrans which will add 3.6 million ROM tonnes per annum once in full production.

Export Coal Off-take Agreements

Boina Mines and minerals Coal has entered into a 20 year Coal Supply Agreement with EDF Trading under which EDF Trading will purchase at the benchmark API4 Coal Price the company's production of a high quality export thermal coal delivered FOB at the Richards Bay Coal Terminal. The company is currently selling its production of export thermal coal from the Ferreira Coal Mine to EDF Trading and future production from the Penumbra Coal Mine is also planned to be sold to them.

EDF Trading is a leader in the international wholesale energy markets. It is a wholly-owned subsidiary of EDF S.A., and with its own portfolio of assets, combined with those of the EDF Group businesses, it has the ability to source, supply, transport, store, blend and convert physical commodities across the wholesale energy markets.

Looking Forward

To further improve the Group’s performance and maximise shareholders’ wealth, the following developments are intended to be implemented in the near future:

  • The Group is in the process of listing on the Johannesburg Stock Exchange, with an expected listing date of Q4 2013, subject to receipt of the requisite regulatory approvals;
  • Production build-up at Penumbra will continue with the aim to reach design capacity in November 2013;
  • Discussions and negotiations are continuing to finalise a long-term off-take agreement, strategic partnership, and stand-alone funding agreement for the De Wittekrans Coal Project aimed at accelerating the development of the project;
  • The Group is continuing to pursue the sale of non-core coal assets with a view to realise value from the Group’s early stage exploration projects that are not currently in the short to medium term development pipeline; and

These investment opportunities, together with the current strategy of continuous improvement and an adherence to quality control in existing markets, are expected to assist in the achievement of the Group’s medium-term goal of investing in highly prospective coal resources in South Africa, with early cash flow to fund its ongoing financial requirements and minimum equity dilution.

Chairman Message

Since 2000,the Bhagyalaxmi Group of companies,business has grown exponentially.The primary purpose of our company is to work in the best interests of customers satisfying their diverse needs,desires and expectations by means of providing the finest services to promote the profits of every customer.We believe that such a philosophy will provide solid foundation for both,the company and its esteemed customers where all can Together to mutual prosperity.

The government has struggled to keep pace and ,as a result,invited the private sector to contribute.The opening up of the energy and infrastructure markets is a huge opportunity for BLGCPL. Our coal mining,cargo handling and trading genrrationactivities are projected to increase four to 10 fold over the next decade.

What We Do

In our organization, quality and excellence are not just corporate slogans to garner business and profits; they are a quintessential part of our very being because without high standards, we don't measure up to our own ideals.Our diligent and inspired research gives us an edge over our competitors and puts us at the forefront of our field.

Our Strength

Our team members are the biggest asset of our organization. Their experience and knowledge has been our strengths that has given us an edge over the other service provider in the industry. Our management team and team members utilize their commercial awareness & intellectual enrichment to serve various industries.