Stone Mine Cocorastii

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    Over ground stone mine

    1. General description

    The mine is situated in the proximity of Ploiesti city, on the way of the new(under construction) high way Bucuresti Brasov Arad.

    Easy access is ensured by the national road DN1 which connects the city of

    Ploiesti with Sinaia and Brasov.

    The mine is developed over a hill with altitude of 70 m, the total surface of thehill is 100 ha.

    The mine benefits of specific tools, machinery and site organization in value of

    1 mil Euro and also exploitation and excavation license for 100 ha.

    6/30/2010 Stone mine 1

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    Over ground stone mine

    2. Juridical Situation

    a. Real estate

    The mine developer owning a total surface of 40 hectares from the hill.

    b. Permits

    Exploitation permit from the National Agency for Mineral Resources is issued for 100ha

    The exploitation shall be done in two or three phases, the first phase being fullyapproved. The first phase is developed over 7ha, for the rest of the exploitation until 100ha there shall be fulfilled part of approvals documents

    Permit from the Water Management authority for the construction of a station

    for sorting and washing the mineral aggregates, road alleys and utilities.

    Environmental approval

    Construction approval

    6/30/2010 Stone mine 2

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    6/30/2010 Stone mine 3

    Quantity Unit Unit price Total Euro

    Phase 1Production income (sand, stone and mixtures extraction) 22,133,300

    Phase 1 Extracted material (

    excavating 7 ha ) 4,900,000 m3 4.52 22,133,300

    Production Costs 5,880,000

    Cost of extraction, equipment

    amortization, etc.. 4,900,000 m3 1.2 5,880,000

    Phase one profit before taxation 16,253,300

    Investments (for phase 2) 3,600,000

    Land 60ha 10,000 600,000

    Permits 500,000Equipments 2,500,000

    Phase 2 Production income 120,152,200

    Phase 2 Extracted material (excavating 10 ha ) 26,600,000m3 4.52 120,152,200

    Production Costs ( for phase 2) 31,920,000

    Cost of extraction, equipmentamortization, etc.. 26,600,000 m3 1.2 31,920,000

    Phase tow profit before taxation 84,632,200

    Total business income 100,885,500

    Business acquisition price 9,000,000

    Over ground stone mine

    Feasibility

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    Over ground stone mine

    Technical data

    Accordingly with topographical and geotechnical measurements the exploitation has a

    height of 70 m over ground and underground is going until 100m

    Longitudinal profile Latitudinal profile

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    Over ground stone mine

    Exploitation material quality data

    The exploitation materials have been certified (stone for high wayconstruction, for train line construction, mixtures for concrete factory, send ...)

    Exploitation material quantities by type: 0-4mm 38% 4-8mm 12.3%

    8-16mm 15%

    16-31% mm 19%

    31,5 mm 14%

    6/30/2010 Stone mine 5

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    Over ground stone mine

    6/30/2010 Stone mine 6

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    6/30/2010 Stone mine 7

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    6/30/2010 Stone mine 8

    Over ground stone mine