MINING
Following the sale of the Woestalleen site in 2009 and a subsequent foray into a charitydriven bucket list adventure for Erskine , he then returned to open up the Elandspruit Colliery which was mined out by May 2013 , as well as the neighbouring colliery in a joint venture with Nungu Colliery where 13 million tons of coal remains .
Key Personnel
One Stop Shop IPC Coal ’ s journey stems from the 2004 Mining Rights Act in South Africa when Black Empowerment was brought in , subsequently breeding the junior mining sector , away from the major mining organizations on the continent .
To differentiate itself from the 18 or so other companies in the niche market though requires an entrepreneurial flair which Erskine was quick to pick up on and implement by making
Elandspruit Colliery Wash
Plant
Paul Erskine Chairman
In July 2006 Paul Erskine negotiated the take over and management buyout of Woestalleen Colliery for R65 million . He was appointed COO of Nucoal Mining .
Woestalleen Colliery was to become Nucoal Mining ’ s flagship . Paul arranged with Frazer Alexander to set up Phases 2 and 3 , which was the expansion of the washing plant at Woestalleen from 65,000T to 350,000T per month . He arranged R150 million worth of funding which completed the capital expenditure required to take Woestalleen to a 2.4 million Ton coal exported . He also negotiated the acquisition of Vuna Colliery / Zonnebloem Coal Reserve in 2006 which had 26 million tons of coal . He was instrumental in negotiating a 3 million ton / 5 year Eskom contract for middlings .
By 2009 the Woestalleen Colliery had more than 20 million tons of reserves and a fully operational 350,000T washing operation but lacked the export allocation for its 2.4 million tons of coal capacity . Paul approached Coal of Africa , a listed company on the AIM and JSE and by December 2009 Nucoal was successfully sold to Coal of Africa for R650 million .
Paul decided to do his “ Bucket List ” and most of his adventures can be seen on his website at www . paulerskine . co . za
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