Competition Commission approves acquisition of Continental Coal...

Competition Commission approves acquisition of Continental Coal Limited SA


Arkein Capital Partners (ACP) received an unconditional approval from Competition Commission for the acquisition of Continental Coal Limited in which Arkein ACP was the lead advisor and transactor for Sishen Iron Ore Company Community Development Trust (SIOC-CDT). The deal sees SIOC-CDT acquiring 26% of the Australian listed coal mining junior for a total consideration of approximately US$30 million (ZAR215) through a combination of both cash and vendor finance. ACP is the exclusive Private Equity and Venture Capital Fund Manager for SIOC-CDT

Source – Management, February 2012
On February 2, 2012

http://arkeincapital.com/?p=597

surely this is grounds for an ASX announcement? This info is now in the public domain - I found this via a good old fashioned google search.


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SISHEN IRON ORE COMPANY COMMUNITY DEVELOPMENT TRUST (SIOC-CDT)

SIOC-CDT is a broad based black community owned trust with more than 300,000 black family beneficiaries. SIOC-CDT has a balance sheet with an un-leveraged net asset value in excess of ZAR7.5 billion (just under US$1 billion) including cash and an annual dividend income averaging ZAR450-700 million (US$50-90 million). Arkein is duly authorised to represent the Trust and is the exclusive Fund Manager to the trust for all its Private Equity and Venture Capital investments.
For more info on SIOC-CDT, please click on the following link: http://www.sioc-cdt

http://arkeincapital.com/?page_id=277

Arkein Capital Partners achieves legal close for SIOC-CDT’s 26% acquisition of Continental Coal

Arkein Capital Partners (ACP) directors announced in November the successful legal close for the Continental Coal Transaction in which ACP was the lead advisor and transactor for Sishen Iron Ore Company Community Development Trust (SIOC-CDT). The deal sees SIOC-CDT acquiring 26% of the Australian listed coal mining junior for a total consideration of approximately US$30 million (ZAR215) through a combination of both cash and vendor finance. ACP is the exclusive Private Equity and Venture Capital Fund Manager for SIOC-CDT.

Source – Management, November 2011
On January 7, 2012

http://arkeincapital.com/?p=556

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Continental Coal (LON:COOL, ASX:CCC mid 11.13p) Common Sense:

Listed on both the AiM and ASX, Continental Coal has made much progress in a short space of time. We appreciate getting to grips with company fundamentals is often a challenging task, so investors should perhaps take a look at the company’s AGM presentation to get a head start. There you will see details of the company’s current 2 million tonnes per annum production and their target of 7 million tonnes in 2013. With resources of over 600 million tonnes, two open cast mines producing thermal coal and a third under development, the company is perfectly positioned to generate significant cash flow and profitability going forward.

Of course even the best prospects are sometimes even better with a few helping hands and with strategic investment and joint venture partnerships with EDF Trading, ABSA Capital./Barclays Capital, KORES and SIOC-cdt, the company has plenty of partners invested in the game. Share price performance has been poor and not reflective of the value generated by the company, something we will be covering in due course with the release of our Continental Coal Value Proposition.

http://www.miningmaven.com/k2/news/blog/miningmaven-common-sense-stock-picks-2012-part-1/