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White Energy bounces back from Bayan dispute

WHITE Energy has put its fallout with former joint venture partner Bayan over the coal upgrading ...

Lauren Barrett
White Energy bounces back from Bayan dispute

White Energy specialises in the binderless coal briquetting process, a technology-based solution that enhances the energy efficiency of coal.

The company said it planned to target the Chinese market in 2012 by establishing a commercial partnership with a Chinese miner or power utility.

Its focus on the Australian scene throughout 2012 will be to evaluate exploration licence 4534 for coal applications including BCB upgrading technology.

Focusing on Africa, White Energy aims to enter into a commercial partnership with an African miner and commence construction of first coal fines upgrading plants.

While the latter part of 2011 proved a difficult time for White Energy, it still managed to reach a number of milestones.

White Energy continued to work with PT Tri Mitra Bayany to identify new coal opportunities in Indonesia and due diligence was being conducted on short-listed projects.

The company also continued to investigate and prioritise a number of opportunities related to the recovery and briquetting of coal fines in the North American market.

A dispute between White Energy and Bayan started back in November when Bayan requested that White purchase Bayan’s share of KSC for $US45 million.

At the time White dismissed the request, informing Bayan it was in breach of its obligations under the JV agreement.

The JV fallout is being handled in Singapore’s High Court.

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