H - As far as I know Sioc-cdt have to pay their share of opex & capex - it is part of their shareholder subscription agreement. Remember that Sioc-cdt are receiving approx $70m p.a. in dividends from Kumba Iron Ore. Their shareholding in Kumba is worth close to $1b (USD) - so there is no question of their financial backing. Have a look at the charts for KIO.SJ - now that is the definition of a successful company. Kumba and Anglo did their own DD on Conti & gave the partnership their approval - more independent 3rd party validation to add to KORES, ABSA, EDFT, Total & Eskom.
Don Turvey is CEO of Continental Coal CCC.AX and Mike Kilbride is Chairman of same, likewise exec directors Jason & Peter, and non exec directors James, Connie, & Johan B.
Please contact JB if you want further clarity on your questions.
Vanmag - ???
M
CCC Price at posting:
10.5¢ Sentiment: LT Buy Disclosure: Held
