The next announcement could well be a JV as it states in todays Ann
"...Management will continue discussions with interested parties and potential partners to supply thermal coal feedstock for power generation and CTL processing..."
Also this from the NMR Website
"...2 April 2012 – Eskom issues request for thermal coal supply
As reported in Mining Weekly Online, South African state owned power utility Eskom has issued a request for proposals to supply a number of its power stations. In total there are three separate specifications for 19 million tonnes of coal.
In the same article it is reported that Eskom predicts that a further 15 coal mines will need to be opened by 2015 and that over 100 billion Rand will need to be invested by 2018.... "
NMR Price at posting:
3.6¢ Sentiment: Hold Disclosure: Held
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