Redstar has been in the energy business for 14 years and is a private corporation with the objective of becoming a major participant in the components industry of mining and exploitation of coal energy, targeting small and medium sizes.
We desire to provide our targeted customers with coal at their production sites with a commitment to ensure that, the right quality and quantity at the right place and time with a reasonable price as our cardinal objectives.
To achieve this, we have established a strong relationship with our customers and suppliers within and outside Nigeria, in addition to establishing work ethics and pride in providing high quality products and services at Competitive prices. Our capacity in the area of distribution is a competitive advantage, far above our projected market share.
Our forecast is to have the mining business generate sales revenue by the exploitation and exportation of coal and increase the revenue by 80% steadily in the consequent operational activities. With our consistence in the distribution capacity and moderated pricing, we have attracted customers whom we provide a maximum service delivery with our concrete market plan, distinguishing us as an alternative energy providers especially in the areas of coal.
The location of our mining sites are strategically positioned at Ika in Ankpa LGA, Kogi State and Lafia in Nassarawa State respectively, where the largest deposits of coal are deposited and this factor has strengthened our strategy to meet our Client'(s) specifications and consumption rate.
Our Company has the capacity and managerial ability to diversify the coal mining business as an alternative energy and part of our solidifying strategy in diversification , coal should be recognized as a cash cow investment, with respect to all the value chains in coal operations to enable us drive the competitive advantage market battle field.
It is predicted that by 2030 the world will be short of an excess of 300 million tonnes of seaborne thermal coal due primarily to increased and steady consumption, coupled with the decreased production, due to mines reaching end of life, lack of investment and production cut backs.