"The Penumbra coal project is to be developed as a conventional underground bord and pillar mining operation at forecast cost of ZAR284m (approx. A$40m). Several debt financing offers have been received by the Company from South African and international investment banks. These are currently being reviewed with the most optimal financing package and partner to be selected by the Company and announced to the market in May 2011."
We should get the above this week.
CCC Price at posting:
51.0¢ Sentiment: None Disclosure: Held
