Continental Coal Ltd

Continental Coal Limited (ASX:CCC/ AIM:COOL/US-OTCQX:CGFAY) is a coal mining investment and production company.

Its principal investment is a 74% interest in a South African thermal coal producer with a portfolio of projects located in South Africa’s major coal fields including two operating mines, the Vlakvarkfontein and Ferreira Coal Mines, producing 2Mtpa of thermal coal for the export and domestic markets. A third mine, the Penumbra Coal Mine, commenced development in September 2011 and a Bankable Feasibility Study was also completed on a proposed fourth mine, the De Wittekrans Coal Project. Run of mine production of 7Mtpa is targeted in 2013. The Company has concluded strategic off-take and funding agreements with EDF Trading for its export thermal coal production, signed a joint development agreement with KORES, Korea Resources Corporation and secured debt funding from ABSA Capital to fund its growth.

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