Sable Mining Africa Limited

Industry: Mining

Main business locations: Africa

Registered Address:
Romasco Place, Wickhams Cay 1,
PO Box 3140, Road Town, Tortola,
British Virgin Islands

Incorporation date: 27 April 2007

Listed on: London Stock Exchange (AIM)
Ticker: SBLM.L

Financial highlights: (30 September 2010)
Total assets: $173,805,000
Total equity: $171,774,000
Cash and cash equivalents: $132,177,000
Basic and diluted loss per share: $0.4 cents

About the BVI company:

Sable Mining Africa Limited, formerly known as BioEnergy Africa Limited, is a resource company whose main focus is mining assets in sub-Saharan Africa, primarily coal and iron ore. The company is investing in early stage exploration and development mining businesses or assets.

Through its investments in South African coal mining company, Delta Mining Consolidated Ltd., the BVI company has interests in four major coal projects in South Africa and Botswana. Also, Sable Mining Africa Ltd. is the owner of 80% of Monaf Investments (Private) Ltd. which holds the Lubu Coal concession in Zimbabwe, of 61% interest in the Gulukwane iron ore porject in South Africa, as well as of 51% interest in the company holding iron ore reconnaissance licences in Liberia.

In November 2010, the BVI company acquired Guinea Development Mineral Ressources SA. In July 2009, the company acquired a 20% interest in African Management Services Limited, the company providing accounting services.