Mining & Energy
Creating a powerful Energy business, Flagship acquires cash generative assets. Further acquisitions are to follow as we progress and we’re proud to show photographs taken on site at one of our Virginia mines this year 2018, showing the scale and operations underway.
Coal is back in the USA in a big way with coal prices firmer and the President supportive of US coal mining. Flagship’s acquisition of GEM Holdings Limited and its team is the foundation on which we’re building a powerful new conglomerate. GEM Holdings is in production having been able to get to coal and begin high wall mining on one of our Virginia sites – from virgin site to profitable production at a fraction of the expected costs.
Our teams have the necessary expertise built up over many years in the mining industry and we know where and how to mine economically. Our team minimise capital expenditure and link costs directly to production. Our business model is simple: if we are mining we generate immediate cash to cover costs and generate a profit; should we have a stoppage, we have very minimal overheads.
Energy is what makes business, industry and our communities thrive. We rely more than ever on access to safe, affordable and secure energy to drive the machines that build the products, that are carried by the transport that delivers them to our shops and homes which are all made possible by energy. We believe this is the time to invest against the trend and invest in energy. Our approach is to buy now while entry level acquisition prices are relatively low with a view to profiting from the likely uptick in prices on the back of the ever increasing need driven by global demand as energy is what powers the world. Flagship seeks opportunities and acquires companies in the energy sector offering high performance cash generative returns.