bullish technicals, page-178

ASX index performance should not affect CCC in the same manner as other AU based resource stocks - given that CCC operates in ZA & Botswana - without the AU sovereign risk factors (ie. ALP). The nationalisation issue has been dealt with by the ANC, and Zuma, Shabangu, senior ANC leaders, Transnet & Eskom are all supportive of SA coal producers, with major infrastructure/power development plans in place to ensure SA coalers will remain profitable, and selling an in-demand commodity, at home & OS.

CCC has traditionally traded at odds with Index movements - such that CCC will often go up on red days & down on green days.

Re: LYC vs CCC: LYC has approx 2B shares on issue, v CCC 400m post consolidation

LYC MC = $2.1B according to Yahoo Finance
CCC MC = $106m @ 26.5c x 400m FPOs
CCC has approx 12000 shareholders* v ??? for LYC

*real number will be less, as people like me have holdings in multiple accounts (4)

Another point - CCC operating costs are in ZAR, which is still weak against the USD (received for RB coal) - ensuring good margins for SA operations:

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China's coal consumption to grow by 150 million tons in 2012

Wednesday, 08 February 2012 | 16:30

China's Coal consumption by power plants is expected to grow by 150 million tonnes in 2012, according to www.cec.org.cn.

According to China Electricity Council, country is expected to increase coal production and imports and reduce exports to ensure sufficient supplies for power generation, as the country heading for another year of power shortage.

The council has forecasted power shortfalls of 30 – 40GW in 2012.
China is the largest producer and consumer of coal. the power sector consumesmore than half of the domestic produce.

Source: Commodity Online

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ANC officially releases nationalisation study - Mining Weekly

17th February 2012

The African National Congress (ANC) on Friday released the official version of its mine nationalisation report, drafts of which had been leaked to the media earlier this month.

Entitled ‘Maximising the developmental impact of the people’s mineral assets: State intervention in the minerals sector’ the 384-page document will inform discussions at the ANC’s policy conference scheduled for June 26 to 29.

To download the report, click on the associated document.