Coal of Africa names Koonin FD
1st Apr 2011 09:00
Coal exploration firm Coal of Africa has named Wayne Koonin as financial director, effective from today. Koonin was most recently chief financial officer of Canadian platinum miner Platmin. Coal of Africa's current finance director Blair Sergeant has resigned, effective 1 April 2011. "Sergean
Read moreSmall caps round-up: Air Partner, Gemfields, Regenersis...
31st Jan 2011 11:24
Aviation group Air Partner says that trading has remained positive in the six months to date and the interim results are likely to be ahead of expectations, partly attributable to the strong performance in its commercial jet broking division. While the group says it is well positioned to increase p
Read moreCoal of Africa awaits Vele approval
28th Oct 2010 16:38
Coal of Africa said it is waiting approval of its application for an Integrated Water Use Licence at the Vele Colliery in South Africa, without which production at the colliery cannot commence. The company has applied to the Department of Environmental Affairs for the suspension of the Compliance N
Read moreSector movers: Miners on the march
13th Sep 2010 17:36
Mining stocks were strong as commodity prices advanced in line with strong figures from metal hungry China. Chinese industrial production jumped a better than expected 13.9% year on year in August, calming fears about the global slowdown. Aside from big-hitters such as Rio Tinto and Antofagasta, C
Read moreSmall caps round-up: Argos, Coal of Africa, Galleon...
13th Sep 2010 14:40
Losses widened at Argos Resources in the half year to June 30 as the Falklands Islands-focused oil and gas group ramped up its activities in the area. The company, which joined AIM in July, saw losses widen to $247,546 during the period from $77,567 the previous year. The license Argos is explorin
Read moreCoal of Africa in talks about 'illegal activities'
11th Aug 2010 14:53
Coal of Africa met with senior representatives of South Africa's Department of Environmental Affairs yesterday to try and sort out allegations of "illegal activities". The miner, which first flagged issues on Friday, maintains it has nothing to hide and that all activities at its Vele colliery are
Read moreSmall caps round-up: DDD, Aortech, Coal of Africa...
2nd Aug 2010 11:12
3D software provider DDD said trading was in line with expectations in the six months to June 30 as strong demand from the TV and PC market fuelled sales of devices using technology it licenses. DDD expects to have a product that allows its 2D to 3D conversion technology to be used with almost all
Read moreCoal of Africa Sees Vele Coking Coal Sales In Next Quarter
28th Jul 2010 08:26
LONDON (Dow Jones)--Coal of Africa Limited (CZA.LN) said Wednesday that for the for the quarter ended June 30, development of the Vele Project has progressed according to schedule and first sales of coking coal are expected during the next quarter. MAIN FACTS: -Despite railing problems durin
Read moreCoal of Africa Successfully Places 50M Shares To Raise GBP55M
16th Jun 2010 12:38
LONDON (Dow Jones)--Coal of Africa Limited (CZA.LN) said Wednesday that 50 million new ordinary shares have been successfully placed at 110 pence per share (or ZAR12.38, or A$1.88) to raise gross proceeds of GBP55 million (ZAR619 million/ A$94 million). MAIN FACTS: -The placing price is equi
Read moreCoal of Africa To Raise GBP55M Via Issue Of 50M New Shares
16th Jun 2010 07:37
LONDON (Dow Jones)--Coal of Africa Limited or CoAL (CZA.LN), an exploration company, announced Wednesday its intention to raise up to GBP55 million (before expenses), via the placement of up to 50 million new ordinary shares in the company representing 10.4% of CoAL's existing issued ordinary share
Read moreCoal of Africa looking at funding options
15th Jun 2010 14:17
Mining company Coal of Africa is looking at a number of funding options to finance the development of its Makhado Project and participation in any further potential expansions of capacity at the Matola Terminal. The board said its preferred funding solution is a combination of a debt issue, an issu
Read moreCoal Of Africa Production At Mooiplaats Good, Mulls Funding
15th Jun 2010 08:02
LONDON (Dow Jones)--Coal of Africa Ltd. (CZA.LN), a resources company, said Tuesday at the Mooiplaats Colliery, Ermelo Coalfield, a total of three sections are now opened and all are in the high quality bituminous coal which, after washing, is producing a typical export quality thermal coal, save fo
Read moreCoal of Africa placing bags £57m
29th Oct 2009 13:57
Coal of Africa has raised £56.9m from a placing to fund the £50.1m acquisition of NuCoal Mining. The AIM-listed company, which mines for coal in South Africa, placed 59.9m shares at 95p. It will use the leftover cash to increase logistics capacity, speed up capital expenditure at the Vele and Makh
Read moreCoal of Africa to start production at second project
26th Oct 2009 08:01
Coal of Africa, which mines for the fuel in South Africa, said that the second of its three projects should be brought into production in the first half of 2010. The firm, whose Mooiplaats coal mine started production in 2008, said its Veke coking coal project is expected to receive a New Order Min
Read moreSunday tips round-up: Smith & Nephew, Chesnara, Coal of Africa
4th Oct 2009 11:31
Among US health care proposals under consideration is a possible $4bn (£2.5bn) annual tax on companies that produce medical products. This could dock around 11% off earnings at Smith & Nephew, which makes artificial hips and knees and does some 45% of its business in the US. The case for buying Smi
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