CCC 0.00% 0.1¢ continental coal limited

is vanmag a producing mine?

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    Have I missed something in regards to vanmag? Is it a producing mine?

    I found this snippet of information on the Impondo Mining website …

    Vanmag is a Magnetite/ Vanadium mine with a new order Mining License situated in Mokopane (Potgietersrus). Continental Coal, an ASX listed company, holds 62%, LIMDEV 26% and Local Community 8% of shareholding in this company. Impondo holds a 10% indirect share in the sale of Vanmag. We are responsible for production, sales and day to day management of Vanmag.

    http://www.impondo.com/index.php?option=com_content&view=article&id=63&Itemid=87


    What production? What sales? And where is Conti’s share of any of these proceeds in our reports?

    As you will see on Impondo’s project and partners page they have many associations with Okap related companies.

    (Note – Corridor Mining Resources is a subsidiary of LIMDEV and I think it holds the stake in Vanmag).

    Just curious if anyone knows more as I was of the understanding vanmag wasn't operational.
 
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