Important news. Could UNV be on the radar also..
Monday's mining news
By Patrick Smith | Mon, 10/09/2012 - 10:36
It was a strong day for mining, with Aureus Mining, W Resources and Noricum mining all releasing positive drilling and surveying results.
Find out what they and others had to say in our round up...
Continental Coal to sell South African Assets
Shares in Continental Coal (COOL) shot up nearly 20% on the news that it is poised to sell its South African thermal coal mining assets by the end of the year.
The company said that binding offers are due by the end of the current quarter for a significant direct investment and acquisition of all or part of the company's South African coal assets.
The firm has received several approaches from India-based coal and power utility companies, as well as major global commodity trading and private equity groups, interested in acquiring all or part of the company's South African business.
Important news. Could UNV be on the radar also..Monday's mining...
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