As a BBBEE community trust you will find that SIOC-cdt has a mandate to invest only in SA assets & projects, as referenced in the ann today "investing in key South African natural resources" - this will preclude them from investing in CCC, which currently has exploration projects in Botswana, and is actively pursuing opportunities in Colombia, USA, and elsewhere outside of SA.
A key to understanding CCC's ambitions outside of SA is in the appointment of Johan Bloemsma:
KEY DIRECTOR APPOINTMENT AT CONTINENTAL COAL TO SUPPORT INTERNATIONAL EXPANSION
Mr Bloemsma joins the Company to assist the executive management of the Company in its strategic positioning as a mid tier international thermal and coking coal company
Mr Bloemsma was involved in Anglo American’s strategy, where he was responsible for the overall Group coal strategy. Mr Bloemsma was a key player in the transformation of Anglo Coal from a 100% focused South African coal producer into a major global coal company with significant production in South Africa, Australia and Columbia. ...
Mr Bloemsma’s extensive career, has included 37 years with Anglo American plc, with the last 33 years with Anglo Coal. Mr Bloemsma has been involved in coal mining in most parts of the world including South Africa, Australia, USA, Canada and Colombia. His experience includes serving on numerous Boards of Directors in several countries including South Africa and Australia as well as becoming an expert in commercial and legal matters in all the mining countries in which he has operated.
Most notably Mr Bloemsma led the Anglo Coal growth strategy in the 1990’s and 2000’s, both within South Africa and into the global coal arena, most significantly in Australia and Colombia. In Colombia, he was involved in the progressive acquisition of coal assets which resulted in Anglo American’s share in Cerrejon Coal, the country’s largest exporting thermal coal mine, that is currently undergoing a US$1.3 billion expansion from 32Mtpa to 40Mtpa. In Australia, Mr Bloemsma was a driving force behind the purchase of Shell Coal and further subsequent acquisitions which created Anglo Coal Australia. He has led business development teams in the USA and Canada exploring opportunities for Anglo American into all the coal fields of those countries.
“The appointment of Johan Bloemsma, an exceptionally experienced senior coal mining executive, is a further sign of where we are positioning Continental Coal for the future. His strategic thinking, experiences in mergers, acquisitions and organic growth with Anglo Coal across technical, legal and commercial disciplines in multiple jurisdictions from grass roots exploration through feasibility studies to construction and into production are key attributes that he brings to the Board of Continental” said Mr Don Turvey, Chief Executive Officer of Continental Coal.
The amendment corrects the omission of 500,000 Fully Paid Ordinary Shares that were issued under terms of corporate advisory and consultancy services in relation to new project acquisitions and new business development for coal opportunities in the United States and Colombia that the Company is currently pursuing.
