take special note of the last line"The Australian company plans...

take special note of the last line

"The Australian company plans to enter SA’s coal mining and independent power producer markets. It proposes to develop a mine in the Waterberg coal basin to supply a power station it plans to build."




Firestone fails to ignite on launch

A bid of 28c a share was made, which appears to have been too low for Firestone shareholders. No offer prices were entered into the JSE’s system by Firestone shareholders.


Firestone was represented by Sekoko Resources chairman Tim Tebeila at the JSE’s traditional horn- blowing ceremony for new listings when the stock market opened at 9am yesterday .

The Australian company plans to enter SA’s coal mining and independent power producer markets. It proposes to develop a mine in the Waterberg coal basin to supply a power station it plans to build.