SES Resource SolutionsAbout SES Resource Solutions, Ltd.
SES Resource Solutions, Ltd. (SRS), a 50/50 joint venture between Synthesis Energy Systems, Inc. (NASDAQ: SYMX) and Midas Resource Partners AG, was created to provide additional avenues of commercialization for SES’ U-GAS® technology. Through this venture, the companies intend to take advantage of Midas’ depth of knowledge and broad base of relationships in the coal industry and join those resources with SES’ know-how and unique gasification technology to provide low cost, low grade coals globally for gasification projects that ultimately can lead to the production of high value end products including synthetic natural gas, fertilizers, metals, industrial and transportation fuels, chemicals, and power.
Midas is an international resource investment and strategic advisory firm headquartered in Baar, Switzerland, that provides operating, corporate and business development solutions to international mining companies. Midas works with owners, boards of directors and executive management to transform nascent or underperforming coal and iron ore resource positions into commercial undertakings through leadership of planning, financing, resource development and operational establishment.
The SRS joint venture intends to identify and develop resource solutions as well as projects for conversion of low quality coals. It intends to establish separate entities for specific projects to attract external funding for these entities and to secure revenue from the entities via management and/or financing fees. The joint venture expects to derive revenue primarily from equity participation and royalties. The joint venture will be directed by the SRS Board comprised of two directors from Synthesis Energy Systems and two directors from Midas Resource Partners.
SRS Board of Directors (click to download)