Buffalo Coal
Mr. Scholtz is a recently retired mining engineer, with 39 years experience in the coal industry, the majority of which were spent with BHP Billiton Limited (“BHP”). He held General Manager positions on BHP’s largest mines and was ultimately appointed as Managing Director of BHP's coal mining operations in South Africa, where he managed 85 million tons per annum of coal production, setting record performances in production, productivity, safety and profitability. After spending 37 years at BHP, Mr. Scholtz joined CIC Energy Corp., from which he retired in 2012. Mr. Scholtz was born and raised in Dundee, South Africa, where Buffalo’s mines are situated.
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Buffalo Coal
Buffalo Coal Corp. is a coal mining and supply company operating in South Africa. The Company, through Buffalo Coal Dundee Proprietary Limited (BC Dundee), holds interests in over two operating coal mines in South Africa (BC Dundee Properties). The BC Dundee Properties comprise the Magdalena bituminous mine (Magdalena) and the Aviemore anthracite mine (Aviemore). BC Dundee interest in the BC Dundee Properties through its interest in Zinoju Coal Proprietary Limited (Zinoju), which holds all of the mineral rights. Magdalena is located over 20 kilometers from the town of Dundee in KwaZulu-Natal, South Africa and encompasses an area of approximately 1, 840 hectares. Aviemore is located over eight kilometers from the town of Dundee in KwaZulu-Natal and encompasses approximately 5, 590 hectares. It supplies bituminous coal and anthracite to both the export and domestic markets. It has an export allocation of over 204, 500 tons through Quattro at the Richards Bay Coal Terminal (RBCT).