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http://www.conticoal.com/wp-content/uploads/2010/03/30-03-10-Update-on-Activities-and-Status-of-Suspension.pdf

Key Points:
Off-take secured for Continentals production of export thermal coal product from its Vaalbank, Project X and Vlakvarkfontein Coal Mines with EDF Trading, a leader in the international wholesale energy markets and a wholly-owned subsidiary of EDF S.A., Europes leading electricity producer
Funding package of US$20M secured from EDF Trading to be repaid from production of coal over 5 years
Continental finalizing negotiations and documentation for landmark US$30M off-take and funding arrangements with leading international energy trading companies that will confirm its position as one of South Africas leading emerging coal companies
Completion of off-take discussions and funding arrangements will allow Continental to aggressively complete acquisition of assets and fund development of its portfolio of South African coal projects,
Continental has also secured access to key infrastructure following execution of documentation for up to 300,000t per month (3.6 mtpa) of rail allocation for the export of its thermal coal production
First Continental coal mine, Vlarkvarkfontein achieves another important milestone with the commencement of blasting operations, and moves towards first coal sales in May 2010
Continentals voluntary suspension from quotation to continue until such time as it is in a position to make a formal announcement in relation to the finalisation of the off-take and funding discussions for the Vlakplaats Coal Mine. This is expected to occur on or before 9 April 2010.