Just started read it and note the following..
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ES15: Material Changes
From the Effective Date of this CPR until the date this CPR appeared on CCL?s website, the
following material changes have occurred:
? Eskom has agreed to an increase in the contract price for coal delivered by CCL with
effect from August 2011 of more than 10%. This will have a material impact on the
value ascribed to the Material Assets? - Coal Reserves of CCL;
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Not much of an increase but it goes straight to the bottom line. So profits from the domestic production could increase in multiples...or close to it.
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brief overview of the competent persons report, page-8
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