Caledon Resources

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Caledon Resources is a coking coal producer and explorer in the Bowen Basin of Queensland, Australia. It acquired the mothballed Cook Mine in late 2006 and has since recommissioned the operation and introduced an innovative new underground mining methodology. The Company also purchased the nearby Minyango exploration concessions in 2006.

Website:
http://www.caledonresources.com
Phone:
Address:
Super Sector:
General Mining - Coal
Sector:
General Mining - Coal
Industry:
EPIC / Symbols:
LON:CDN, ASX:CCD

Sector: General Mining - Coal

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Caledon Resources Articles
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  • Caledon Resources set to be bought by China's GRAM in long-awaited acquisition

    23/06/11

    Caledon Resources set to be bought by China's GRAM in long-awaited acquisition

    Coal producer Caledon Resources is pressing ahead with the long-awaited acquisition of the company by China's investment firm Guangdong Rising Assets Management Co (GRAM), it emerged today.

  • Caledon Resources and Polo Resources agree merger

    27/04/10

    Caledon Resources and Polo Resources agree merger

    The proposed all-share acquisition of Caledon by Polo on a 11.4-for-1 basis is to create coal-focused resource company.

  •  Caledon Resources - Cook starts to cut the mustard

    07/11/08

    Caledon Resources - Cook starts to cut the mustard

    Many analysts and coal producers are predicting even now that there will be no significant downturn in coal prices – particularly for coking coal - for the 2009-2010 coal year
  • What?s the story?

    08/05/08

    What?s the story?

    Polo Resources, a company floated last year to invest in the coal and energy sector, own over 12% of Caledon?s shares as of 6th May, and there is no let up in the apparent demand for the stock.
  • Caledon Resources: On track.

    12/01/07

    Caledon Resources: On track.

    "Pit pony? is, of course, used purely for alliterative effect, as the equipment being used by Caledon at its Cook Colliery will soon be the latest state-of-the-art mining technology: continuous haulage coupled to the latest ABM25 continuous bolter-miner from Voest Alpine.
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Current Statement

 

Caledon Resources plc is a dual listed public Company listed on the Alternative Investment Market of The London Stock Exchange and The Australian Securities Exchange (trading symbol: "AIM:CDN & ASX: CCD").

Caledon is a coking coal producer and explorer in the Bowen Basin of Queensland, Australia. It acquired the mothballed Cook Mine in late 2006 and has since recommissioned the operation and introduced an innovative new underground mining methodology. 

The Company also purchased the nearby Minyango exploration concessions in 2006 and has conducted a number of drilling programs in preparation for a feasibility study. 

 

Find out more about our Coaking Coal activities here.

 

Current Operations

Find out more about our Coaking Coal activities here.

Managment

EXECUTIVE DIRECTORS

 

Mark Trevan, aged 51, - Managing Director 

Prior to joining Caledon in September 2006 Mr Trevan spent 25 years with Rio Tinto where he held senior executive roles in the areas of coal marketing, general commercial, corporate strategy and project feasibility. He joined Rio Tinto’s Queensland coal subsidiary in 1997 as General Manager Marketing and through various corporate reorganisations also became responsible for the marketing of Rio Tinto’s Coal and Allied subsidiary and its Indonesian Kaltim Prima operations. Mr Trevan brings extensive coal industry contacts both within Queensland and the international arena. 

Mr Trevan is the Manager Director and is responsbile for the Group’s Australian operations. Mr Trevan is also a member of the Health, Safety and Environment (‘HSE’) Committee. 

 

 

Peter Seear, aged 55, - Director, Business Development

Actively engaged in the coal mining industry since 1977. Mr Seear commenced his career immediately upon graduation from Coventry University in 1977 as Engineering Manager for a drill rig manufacturer engaged in the design and development of exploration drill rigs. He became a Chartered Engineer in 1983. Mr Seear worked for coal mining equipment manufacturers including Joy Mining Machinery Ltd and an Anglo American subsidiary, Coalequip in Johannesburg in South Africa and transferred to Joy in North America responsible for new project development after completing his studies at Harvard Business School where he attained a PMD. Mr Seear brings a wealth of international contacts in the equipment design, development and manufacturing business. 

Following the appointment of Brett Garland, Mr Seear has moved into the role of Director, Business Development with overall responsibility for business development and strategic planning. 

 

NON-EXECUTIVE DIRECTORS

 

George Salamis - Non-Executive Director

One of the founding shareholders of Caledon and held the of Managing Director and Chief Executive Officer from 2003 until September 2007. Mr Salamis is currently the President of a junior gold producer, Rusoro Mining Limited, with operating gold mines in Latin America. Prior to this, he held senior management positions with well-established mining companies most notably Placer Dome Inc. and Cameco Corporation. His career in the mining industry spans over 20 years involving assignments in many different regions of the world, on various resource commodities. In recent years, he has also played integral roles, both executive and non-executive, in several large M&A transactions and major financing initiatives in the mining industry. Mr Salamis holds a graduate degree in Geology from the Universite de Montreal/Ecole Polytechnique.

Mr Salamis is a Non-executive Director and a member of the HSE Committee. 

 

David de Jongh Weill - Non-Executive Chairman

Mr Weill started his professional career with Salomon Brothers in 1983 in derivative products sales and trading. He subsequently became active in proprietary trading for Salomon Brothers in International Fixed Income and Foreign Exchange. Mr Weill left Salomon in 1989 to develop an international proprietary trading activity with Greenwich Capital Markets.

Thereafter, in 1992, Mr Weill developed his own fund management activity with funds under management growing to over $1.2 billion. From 1998, he has focused on private equity investment, predominantly in natural resource and media and technology companies. Mr Weill has acquired considerable experience in proprietary trading in international financial markets, investment management, corporate finance, and corporate governance.

Mr Weill is a founder and partner of Chiliogon Partners LLP.

Mr Weill holds a Bachelor of Business Administration, magna cum laude in International Business from the University of Georgia, a Masters of Business Administration from the London Business School, a Masters of Science in Law and Accounting from the London School of Economics and a Masters of Science in Decision Sciences at the London School of Economics. Mr Weill was called to the Bar of England and Wales by the Honourable Society of Lincoln's Inn and is a member of the Middle Temple.

 

Steve Bywater - Non-Executive Director

Mr Bywater, 58, is a director of GCM Resources plc and Coal of Africa Limited. He has had a distinguished career in the resources industry, developing and operating a total of 14 large-scale open pit mining operations. Before joining GCM in January 2006 he was Chief Operating Officer of Rio Tinto Coal Australia where he oversaw seven mining operations, producing 60 million tonnes of coal per year. He was previously General Manager Operations for Robe River Mining, General Manager Mine Operations for Rio Tinto's Hamersley Iron operations and General Manager at Mount Isa Mines in both Mining and Metallurgical Operations.

Mr Bywater has a BSc in Engineering Geology and Geotechnics from Portsmouth University and a MSc in Rock Mechanics and Excavation Engineering from Newcastle-Upon-Tyne University. He is a Fellow of both the Australasian Institute of Mining and Metallurgy and the Australian Institute of Management.

 

David Treadwell - Non-Executive Director

Mr Treadwell, age 41, is currently a Partner in Treadwell Partners LLP and has been closely involved with Caledon for a number of years. He was a founding Partner, in 2000, of Cheyne Capital Management (UK) LLP ("Cheyne"), which was a lead and long-term investor in the Company's issue of Convertible Loan Notes in 2007. He previously spent 6 years at Morgan Stanley as a Portfolio Manager within its Private Client Services Division.

David Treadwell left Cheyne in 2009 to establish Treadwell Partners, which provides services to corporates, brokerages and high net worth individuals. He is also a Director of Lexantha Capital Limited.

 

 

 

 

Corporate Information

Registered Office
Nabarro
Lacon House
Theobald's Road
London
WC1X 8RW

Registration Number: 3993115

Nominated Adviser and Broker:
RBC Capital Markets
71 Queen Victoria Street
London
EC4V 4DE

Contact Information

London
       
Caledon Resources
64 Knightsbridge
London
SW1X 7JF

Tel: +44 207 590 3137


Manish Kotecha - Chief Financial Officer
Email: msk@caledon.co.uk


Australia

Caledon Coal Pty Ltd
Level 2
87 Wickham Terrace
Brisbane
Queensland
Australia 4000

Tel: +61 7 3309 3100
Fax:+61 7 3831 0366

Mark Trevan – Managing Director
Email: mtrevan@caledon.com.au

Bruce Mallett – Commercial Manager
Email:bmallett@caledon.com.au

Major Shareholders

Total number of shares in issue: 279,545,516

As at 1 September 2010, so far as the Directors are aware, the only persons who are directly or indirectly interested in 3% or more of the nominal value of the Company's share capital are as follows:

 


Number of Ordinary Shares held Ordinary Shares as % of issued share capital
Polo Resources Ltd
83,311,520
29.90
Ingalls & Snyder LLC 23,173,700
8.32
JP Morgan Asset Management
13,429,500
4.82
Watami Trading Limited
12,046,175 4.32
Deutsche Bank
10,776,657 3.87
Goldman Sachs
9,691,244 3.48
Blackrock Inc
9,405,406 3.38

As at 01 March 2011, shares within the Company not in public hands total 32.53%.

There are no unusual restrictions on the Company's ordinary shares.

Updated from company website 16.08.2011

 

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