Established coal mining and development company
Access to key rail and port infrastructure
2.8Mtpa production from three mines in South Africa
Sales to international and domestic coal markets
Quarter on quarter increases in sales and production
JORC thermal coal resources of 2.8Bt, reserves of 64Mt
9 further exploration projects in Southern Africa
Exploration target of 8.9Bt in Botswana
Further international expansion in 2013
Export thermal coal sales from Richards Bay to double from 2H 2013
Bankable Feasibility Study completed on 4th mine
Targeting 10Mtpa ROM thermal coal production by 2015
Coal export off-take agreement and funding with EDF Trading
Domestic coal supply agreement with Eskom
Joint venture and off-take agreement with KORES
Partnership in South Africa with successful BBBEE Group, SIOC-cdt
Long term debt funding from ABSA Capital/Barclays Capital
Highly experienced executive management
Team has held senior leadership positions in some of the world’s largest coal and bulk mining companies including BHP Billiton, Anglo Coal, Kumba, and Exxaro
Board with core skills to successfully build an international coal company
Continental Coal Limited (ASX:CCC/AIM: COOL/US-OTCQX:CGFAY) is a South African thermal coal producer with a portfolio of projects located in South Africa’s major coal fields including three operating mines, the Penumbra, Ferreira and Vlakvarkfontein Coal Mines, producing 2.8Mtpa of thermal coal for the export and domestic markets. A Bankable Feasibility Study has been completed on a proposed fourth mine, the De Wittekrans Coal Project. Continental Coal also has 3 large thermal coal exploration leases in Botswana, with a JORC resource of 2.2Bt, and a further exploration target of 8.9Bt.
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