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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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