CCC 0.00% 0.1¢ continental coal limited

jv missing text - no you see it, now you don't

  1. 3,610 Posts.
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    I see the story on miningweekly.com has no been changed so there is no reference to the JV with Total. Why? The news is out there now.

    A disappearing act?

    The missing paragraph's, which were on the site on Friday:

    Meanwhile, Continental has also entered into an agreement with Total Coal South Africa’s 74%-owned Forzando Coal Mines, under which the two companies will jointly complete further exploration, drilling and geological modelling of the coal resources within Continental’s Mpumalanga-based Vaalbank coal project over a 12-month period.

    Forzando operates four underground and opencast mines immediately north-west and contiguous to the Vaalbank project, and is currently looking to both acquire additional coal deposits and expand its current reserve base in the immediate vicinity of its operations.


    The two-phase exploration programme at Vaalbank will be managed by Forzando and will comprise an initial 20-hole diamond drilling programme with associated analyses of the raw and washed coal qualities, aimed at further establishing the resources and coal qualities on site.

    The R3-million programme will be funded on a joint basis, and is scheduled to start this quarter.
 
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