Continental has confirmed that it is in further advanced...

Continental has confirmed that it is in further advanced discussions with four European and Asian based global energy trading companies in respect of an off-take agreement and associated funding package for the development of its 122Mt Vlakplaats Coal Mine into a 2.4mtpa open cast and underground coal mining operation.

Continental has also announced that it has executed documentation with its logistics consultants securing up to 300,000t per month of rail allocation for its planned exports of thermal coal.

This allocation matches the companys forecast annual steady state production of export thermal coal from its Vaalbank, Project X and Vlakplaats coal mines in the coming 18-24 months.

http://paguntaka.org/2010/04/01/continental-coal-attacked-thermal-coal-product-purchase-agreement-with-edf-trading/