Aviva Corporation Limited

Aviva is an integrated energy company listed on both the Australian Stock Exchange and Botswana Stock Exchange with its head office in Perth. The company is growing a portfolio of integrated energy assets. Aviva’s most advanced asset is the Coolimba Power project in Western Australia.

Aviva has steaming coal deposits in the Geraldton area of Western Australia and is advanced on plans to establish a base load power station in the Mid West, a potentially high growth region of Western Australia where a number of iron projects are envisaged. The projects involve both hematite and magnetite iron ore and have attracted large investments from China. While the high-grade hematite is direct shipping ore, the magnetite will require upgrading or pelletising in processes that will require large amounts of energy.

The Mid West region of Western Australia, centred on Geraldton, is at the point where transmission losses from the southern power stations’ transmissions become inefficient in the delivery of electricity. There are few sources of power, other than Aviva’s coal deposits, to support plans for the development of the Mid West. It will become an ‘energy hub’ providing power to urban and regional consumers and export developments in the key Mid West region. The location has the advantage of low cost fuel, available water, adjacent infrastructure, existing mining lease and freehold land and proximity to a number of carbon storage sites.

Aviva has entered a joint development agreement with a global power company, AES Corp of the United States to build a power station and with local oil and gas company, AWE, and technology company, C2O CRC, to sequestrate the carbon emissions in depleted gas reservoirs.

As well as its Western Australian assets and strategic alliances, Aviva controls large coal deposits in Botswana. Aviva is earning a 90% interest in the Mmamantswe project where it has outlined a 1.3 billion tonne coal resource. The project is well positioned, being on the South African border and adjacent to key infrastructure including, highway, railway, and high voltage transmission lines. South Africa has been forced in recent years to curtail industrial production because of a shortage of power generating capability.

The company is continually reviewing integrated energy opportunities.

Wasabi own 10.1 million shares representing 8% of Aviva’s share capital.