http://www.miningmx.com/news/energy/shanduka-dumps-sentula.htm"It...

http://www.miningmx.com/news/energy/shanduka-dumps-sentula.htm

"It may be coincidence that ASX-listed Continental Coal, an Australian junior with an ambitious coal development strategy in South Africa, published a cautionary notice concerning a major black economic empowerment (BEE) deal on the Australian stock exchange on Wednesday morning.
According to Continental, it has negotiated a ?landmark? BEE investment agreement with ?a highly respected and well-established broad-based black economic empowerment (B-BBEE) company?.
The terms of the Continental deal are materially different to what Shanduka was looking to do at Sentula because they are for the purchase of a 26% stake in Continental from its existing BEE partner - Masawu Investment.
Continental did not identify the company and said: "Upon completion of the formal documentation process, it is expected that a formal announcement of the B-BBEE party will be made.?