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Strategic Natural Resources PLC (“SNR”)  is a Coal producer and was established on 5 October 2004 as a vehicle to develop, own and manage natural resource deposits in Southern Africa. As its first project, SNR acquired control of Elitheni Coal (Pty) Ltd in the Eastern Cape some 200 miles north east of Port Elizabeth. The principal assets of Elitheni are a new order mining right over 92 km2 as well as new order prospecting rights over an additional 180,000 ha for coal which it holds in the Eastern Cape, South Africa.

Super Sector:
General Mining - Coal
General Mining - Coal
EPIC / Symbols:
*subject to change and depends on individual circumstances.

Strategic Natural Resources Articles, News, and Media Files

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Strategic Natural Resources Related Media

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Director dealings

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Date Director Trans Amount Type Price(p) Value (£) Holding %
21/12/12 B.W. Nel SELL 3,100,000 ORD 25.50 790,500 11,000,000 6.50
18/12/12 D. Nicolson BUY 75,000 ORD 26.50 19,875 100,000 0.06
17/12/12 D. Nicolson BUY 25,000 ORD 26.38 6,595 25,000 N/A
01/08/12 A. Brennan BUY 50,000 ORD 19.35 9,675 80,000 0.05
25/07/11 J.P. Metcalfe BUY 55,522 ORD 18.00 9,994 2,972,672 2.72

Presentations & Company Media

Company Statement

About Us


Strategic Natural Resources PLC (“SNR”)  is a Coal producer and was established on 5 October 2004 as a vehicle to develop, own and manage natural resource deposits in Southern Africa. 


As its first project, SNR acquired control of Elitheni Coal (Pty) Ltd in the Eastern Cape some 200 miles north east of Port Elizabeth. The principal assets of Elitheni are a new order mining right over 92 km2 as well as new order prospecting rights over an additional 180,000 ha for coal which it holds in the Eastern Cape, South Africa.




The first mines near Molteno and Indwe were opened in 1864 and 1877. The annual coal output from these mines reached a peak between 1900 and 1904 when production averaged 176,000 tonnes per annum. With the discovery of large deposits of coal in the former Transvaal and Natal Provinces closer to where major industrial development had commenced, production declined sharply in 1917 and ceased altogether in 1948. However, the Directors believe that, with the development of CFB Combustion Technology as well as local advancements in boiler combustion and increasing electricity prices large scale mining in this area is now economically viable. A coal mine based in the Eastern Cape will fuel the growing demand for heat, power and steam in South Africa.

Current Operations

As its first project, SNR acquired control of Elitheni Coal in the Eastern Cape some 200 miles north east of Port Elizabeth.

Elitheni coal and its licences


Elitheni has increased its prospecting rights area in the Eastern Cape province of South Africa by more than 2,000% from the initial Phase 1 and Phase 2 area of 9,283.80ha, granted in 2005, to practically 184,000ha today. The 184,000ha has been demarcated into Phases 1, 2, 3, 4 and 5. The latter having been named Project Indlovu. Full and exclusive new order mining rights have been obtained on Phase 1&2 (92 km2 area) and full and exclusive new order prospecting rights exist on the remaining Phases 3, 4 and 5 areas. New order prospecting rights give the holder the exclusive right to apply for and obtain mining rights over the area held.


The Company was admitted to AIM on 7th August 2007 on the basis of a resource under Elitheni’s control of approximately 15 million tonnes of coal in the Phase 1 and Phase 2 areas. Golder Associates, SNR's competent person has, in a recent updated competent persons report (the "Updated CPR"), confirmed an increase in Elitheni's resources from 97.2 million tonnes to 150.3 million tonnes, comprising, 45.6 million tonnes measured resource, 45.5 million tonnes indicated resource and 59.2 million tonnes inferred resource. An additional 53 million tonnes from recent drilling activity awaits confirmation from Golder Associates as competent persons. The additional drilling undertaken in relation to the Updated CPR spans an area of circa 3,000 ha. The area drilled to date amounting to approximately 50 kms of bore holes,  represents less than 5% of the total area available for drilling. Roughly 179,000 ha of Elitheni's total rights area remains available for further assessment by Golder Associates.



The Company has progressed significantly from these early days and, today is in the progress of ramping up to achieve a production capability of 1million tonnes per annum by 2013


Investor Strategy


The Company's main country of operation is the Republic of South Africa.


SNR is developing the Eastern Cape Coalfield in South Africa and is intent on becoming  a major coal producer and exporter in South Africa through its first mover advantage in a rich and forgotten part of the country. Further opportunities both in South Africa itself and elsewhere in the southern part of the continent will be followed up as they arise. .


Now, some 5 years later, SNR is the only major coal producer established in the Eastern Cape with its own rail line and dedicated sea port at East London. It is currently preparing the first 2million tonnes of coal for which it has a firm offtake agreement, for shipment.

The principal assets of SNR are held through its 74% owned subsidiary Elitheni Coal (Pty) Limited. The other 26% being held by its BEE partners.



Andrew Brennan - Chairman

Andy Brennan is a career banker having spent over 37 years with Bank of Ireland gaining extensive experience in the Bank’s Corporate and Private Client's Divisions. During this period he was one of four persons selected to launch Bank of Ireland Private Banking Division where he served 13 years prior to retiring as a Senior Lending Executive specialising in managing personal financial affairs of High Net Worth clients. Andy holds a Diploma in Applied Finance from the Irish Management Institute.

Following his retirement from Bank of Ireland, Andy served 5 years as Deputy Head, Private Clients with Merrion Capital, a Dublin based Stockbroking firm prior to taking up an appointment as a Non Executive Director of W. P. O'Reilly & Associates Limited, a Financial Services company founded in 1984. He is also a diector of Cooch 1095 Limited


Don Nicolson- Deputy Chairman

Don Nicolson has spent all his career in the energy sector. He worked for 26 years with BP where he managed large scale oil and gas businesses in the North Sea, the United States and Canada as well as holding senior roles in BP's Global headquarters in London. Key roles within BP included Chief of Staff for BP Exploration and Production and Director and Business Unit Leader for BP North Sea. From 2008 to 2011, Don was CEO of Scottish Resources Group, which owns Scottish Coal, the UK's largest open cast mining coal company and second largest coal producer. Don is currently involved in various entrepreneurial ventures in the broader energy sector, in addition to fulfilling the role as Deputy Chairman on the SNR board, where he will assist in the development and direction of SNR as the company grows and expands, in service of various markets.


Gabriel Ruhan – CEO

Gabriel Ruhan has been nominated by Seabreeze Enterprises Limited to join the Board of SNR as their representative director, further details of which were announced by SNR on 07 March 2012. Mr Ruhan is an experienced entrepreneur who has previously served as COO of Navisite Inc, a Nasdaq listed company, where he lead the integration of 8 separate company acquisitions. Mr Ruhan is currently CEO of Global Marine Systems Ltd and a Director at Bridgehouse Capital, a private offshore fund where he occupies positions on the boards of various companies in which Bridgehouse Capital has investments.


Richard Henry Ringrose Latham, aged 68, Non-Executive Director

Richard Latham was appointed Chairman of Northern Petroleum Plc in 1999 and his career has been closely tied to the energy industry. He holds a MBA degree from Cranfield University and has spent most of his working life in the City - initially as an investment manager and for 27 years with companies in the upstream oil and gas industry. He was formerly deputy chairman of Aberdeen Petroleum Plc, chairman and managing director of Claremount Oil and Gas Limited and a non-executive director of Atlantis Resources Limited, a company listed on the London and Toronto stock exchanges.

As Chairman, Richard will Chair the Board of Directors and ensure that they provide proper direction and leadership. He will ensure compliance with the rules of the AIM Market of the London Stock Exchange. He will also Chair the remuneration committee.


Robert Myles Randal MacDonnell M.S.I, (Randal), aged 71, Non-Executive Independent Director

Randal MacDonnell was a Partner of Laurie Milbank & Co Stockbrokers, stockbroker partnership for 16 years until it was taken over by Chase Manhattan Bank (subsequently JPMorgan Chase & Co.) in 1985. He was head of the institutional equity department raising money for underwritings, placings and rights issues, as well as conducting normal stock exchange business. In 1986 he was appointed a Director of Chase Manhattan Securities Limited where he remained for four years. He subsequently became a director of Credit Lyonnais Securities Limited and in 1994 was appointed a Director of Kleinwort Benson Securities Limited primarily dealing with small companies. Prior to becoming a member of the London Stock Exchange in 1965 he was commissioned in the 9th/12th Royal Lancers. He is currently a non-executive director of PipeHawk plc.

He is the senior independent Non-Executive Director; principally his role is to ensure that all shareholders are treated fairly and honestly by the Board.

Major Shareholders


For more information on the shareholders please click here

  • Contact Information

    Registered Office and Business Address

    3 St Helen's Place


    EC3A 6AB

    Tel: 020 3328 5656


    Physical Address of Elitheni Coal (Pty) Limited

    Kings Court

    Buffelsfontein Road

    Office 1

    First floor

    Walmer Heights


    Postal Details

    P.O.Box 211177

    The Fig Tree

    6033 Port Elizabeth

    South Africa

    Tel: 041 368 9650

    Facsimile : 041 368 9651


    Corporate Information

    Nominated Adviser Broker in the UK

    Allenby Capital Limited

    3 St Helen's Place




    Competent Person

    Golder Associates Africa (Pty) Limited

    Thandanani Park

    Matuka Close

    Halfway Gardens

    Midrand 1685

    South Africa


    UK Solicitors

    Memery Crystal LLP

    44 Southampton Buildings

    London WC2A 1AP


    Attorneys to the Company (South Africa)

    Werksmans Attorneys

    155 - 5th Street


    Johannesburg 2146

    South Africa


    Computershare Investor Services PLC

    PO Box 82

    The Pavilions

    Bridgwater Road

    Bristol BS99 7NH




    Registered Audiors 

    Chartered Accountants 

    55 Baker Street

    London W1U 7EU


    Public Relations

    Financial Dynamics

    Holburn Gate

    26 Southampton Buildings


    WC2A 1PB

    Telephone: 0207 8313113

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