News and Announcements
Linc Energy and Exxaro Resources Sign Term Sheet for the Development of UCG Opportunities in Sub Saharan Africa
- Published December 03, 2012 5:26AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Linc Energy Limited (ASX:LNC) (OTCQX:LNCGY) is pleased to announce that it has entered into a Term Sheet with Exxaro Resources Limited (JSE: EXX) to jointly pursue Underground Coal Gasification (UCG) as a commercial business to develop energy solutions in Sub-Saharan Africa (the region). Exxaro is the second largest coal producer in Africa with an annual production of 47 million tons and a stated objective to more than double its business by 2020. Exxaro has current business interests in South Africa, Botswana, Republic of Congo, China and Australia.
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