peabody winsway

Our Activities

Peabody Winsway Our Activities

Chronicles

Our History

2007

Polo Resources (AIM: POL, BSX:POL) established Polo Resources LLC through its fully owned subsidiary Polo Resources in the Netherlands (PRN)

2007
Company Founded
2009
  • Peabody indirectly acquired 50% interest in PRN
  • The company renamed Peabody Polo Resources B.V. of the Netherlands (PPR)

  • PPR’s 100% owned sub companies in Mongolia were holding an asset portfolio of:

    • 57 Coal licenses (3 mining licenses and 54 exploration licenses)
    • 25 Uranium exploration licenses
2009
Hiring more staff on your request
2010
  • Winsway acquired the Polo’s 50% in PPR
  • The company renamed Peabody Winsway Resources B.V. in the Netherlands
  • Mongolian company renamed Peabody Winsway Resources LLC
2010
Working on Major Projects
Today

Asset Portfolio:

  • 12 Coal licenses (excluding a license to be relinquished in December, 2013)
  • 9 uranium licenses (excluding 7 licenses to be relinquished in December, 2013)
Today
We got the high level of success

Achievements

Exemplary Reclaim

Set industry standards in mine reclamation by complete reclamation at Ereen mine

Responsible Mining

Established the shareholder reputation in Mongolia as a responsible miner

Mining Expertise

Established human resource base for future operations and geology exploration, and...

Established human resource base for future operations and geology exploration, and accumulated know-how as a mine operator and license holder in Mongolia

Self-Sustenance

Self supported without cash injection from the shareholders for the 2012 and 2013...

Self supported without cash injection from the shareholders for the 2012 and 2013 fiscal years

Geological Build-Up

Contributed to geological information build-up in Mongolia by returning over 30 exploration...

Contributed to geological information build-up in Mongolia by returning over 30 exploration licenses to Government after completing all explorations up to the required standards

Nowadays

Our Current Strategy

Cost minimization

Quis ipsum suspendisse ultrices gravi da Risus.
  • Headcount reduction by 70% in 2012-2013 to 10 employees
  • Sale and transfer of licenses (coal and uranium) and equipment used at Ereen mine
  • Fulfill only minimum required exploration expenses on the licenses
  • Relinquish non-strategic (unsold) licenses

Nowadays

Finances in 2013

$3.0 Mil

Revenue
from sale of a coal license

$0.5 Mil

Revenue
from sale of equipment

$2.5 Mil

Expenses

$3.0 Mil

Projected
Cash balance at the end of 2013