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<title>Proactiveinvestors United Kingdom Strategic Natural Resources</title>
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<title><![CDATA[News - Strategic Natural Resources begins mining at Elitheni; forms new JV company with Trasteel ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/42515/strategic-natural-resources-begins-mining-at-elitheni-forms-new-jv-company-with-trasteel-42515.html</link>
<description><![CDATA[<p>Strategic Natural Resources today announced a strengthening of its agreement with commodity trader Trasteel International - with the formation of a new joint venture marketing company.</p>]]></description>
<pubDate>Wed, 09 May 2012 07:34:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/42515/strategic-natural-resources-begins-mining-at-elitheni-forms-new-jv-company-with-trasteel-42515.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - JV, commencement of mining and operational update ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120509snrp9078c/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 09 May 2012 07:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120509snrp9078c/</guid>
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<title><![CDATA[Broker press ]]></title>
<link></link>
<description><![CDATA[30.04.12: +2.38, (32.63) Press: Strategic Natural Resources rose on hopes it would soon announce an updated resource estimate for its Elitheni coal mine in South Africa, which is expected to reach full production by the end of May. Source - Financial Times]]></description>
<pubDate>Mon, 30 Apr 2012 00:00:00 +0100</pubDate>
<guid></guid>
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<item>
<title><![CDATA[News - One2One in Manchester & Dublin: See Caza Oil & Gas, Rathdowney Resources, Simba Energy, Longreach Oil & Gas and Strategic Natural Resources ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41514/one2one-in-manchester-dublin-see-caza-oil-gas-rathdowney-resources-simba-energy-longreach-oil-gas-and-strategic-natural-resources-41514.html</link>
<description><![CDATA[<p><strong>Proactive Investors takes the show on the road again next week with presentations in Dublin on Tuesday (April 24) and Manchester on Thursday (April 26), with the obligatory London forum sandwiched in between. <br /><br />In all we have eight growth companies presenting – each with a very interesting story to tell.<br /><br />There are updates from <a href="companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a>, <a href="companies/overview/297/Caza+Oil+%26amp%3B+Gas" class="companyPopupTrigger" rel="297">Caza Oil & Gas</a>, <a href="companies/overview/9309/Rathdowney+Resources" class="companyPopupTrigger" rel="9309">Rathdowney Resources</a> and Longreach Oil & Gas as well as presentations from <a href="companies/overview/5775/Lydian+International" class="companyPopupTrigger" rel="5775">Lydian International</a>, <a href="companies/overview/2131/Beacon+Hill+Resources" class="companyPopupTrigger" rel="2131">Beacon Hill Resources</a>, <a href="companies/overview/9460/West+Kirkland+Mining" class="companyPopupTrigger" rel="9460">West Kirkland Mining</a> and <a href="companies/overview/9200/Simba+Energy" class="companyPopupTrigger" rel="9200">Simba Energy</a>.<br /><br />Each has attracted an incredible amount of interest. So if you haven’t signed up already, you really need to do so soon to avoid disappointment. </strong></p>
<p><strong><a href="register/event_details/143">Please click here to register for the DUBLIN event.</a></strong></p>
<p><strong><a href="register/event_details/144">Please click here to register for the LONDON event.</a></strong> </p>
<p><a href="register/event_details/146"><strong>Please click here to register for the MANCHESTER event.</strong></a><br /><br />A recent funding and separate coal sales deal sets up the <strong><a href="companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a>’</strong> Elitheni coal project through to the start of production. <br /><br />Family-owned Richardson Capital ploughed £8 million into the group, giving it a 29.9 per cent stake. <br /><br />"The finalisation of this negotiation is the culmination of many months of work identifying and negotiating with prospective investors,” boss David Nel said recently.<br /><br />Separately steel supplier and commodity trader Trasteel has agreed to take export coal mined from Elitheni, which is in South Africa’s Eastern Cape, up to an initial 2 million tonnes.<br /><br />Director Jeremy Metcalfe will talk investors in Dublin and Manchester through the group's prospects as it moves through the development phase whilst maintaining a keen eye on exploration. <br /><br />A strong end to a topsy-turvy 2011 saw a reserves and production increase by over 35 per cent at <strong><a href="companies/overview/297/Caza+Oil+%26amp%3B+Gas" class="companyPopupTrigger" rel="297">Caza Oil & Gas</a></strong>. <br /><br />Well-funded, it has the financial wherewithal to bankroll its drilling aspirations. <br />Work is already underway on the Sombrero prospect in Lea County, New Mexico, where it has a 20 per cent stake. <br /><br />But this is just one of a number of exciting developments this year. <br />Bringing us bang up to date will be chief executive Mike Ford, who will be in Dublin, London and Manchester.<br /><br />City firm Collins Stewart rates Vancouver headquartered <strong><a href="companies/overview/9309/Rathdowney+Resources" class="companyPopupTrigger" rel="9309">Rathdowney Resources</a></strong> as the standout stock among junior zinc explorers. <br /><br />The Euro-centred Canadian firm is developing the Olza project in Southern Poland as well as exploring Ireland, with assets in Cork, Westmeath, Laois, Meath and Galway. <br /><br />"We view Rathdowney as a technically sound, low risk, relatively low capital intensity zinc play, located in an investor friendly jurisdiction with excellent infrastructure and existing smelting facilities nearby," said Collins Stewart analyst Andrei Kroupnik.<br /><br />Joining us in Dublin to tell us more about the company and its prospects will be chief executive John Barry.<br /><br />As one of the early entrants into Morocco,<strong> Longreach Oil and Gas </strong>already has an impressive landholding in what is quickly becoming a hot-spot for exploration. <br /><br />In Dublin, Andrew Benitz will share with investors his view on what he believes to be the “last under-explored basin in North Africa”.<br /><br />Regular attendees will already know plenty about <strong><a href="companies/overview/5775/Lydian+International" class="companyPopupTrigger" rel="5775">Lydian International</a>'s</strong> exciting Amulsar gold project in Armenia. <br /><br />In January, Lydian reported a major resource upgrade at the project. It gave Amulsar a further 700,000 ounces of gold and took total resources to 3.2 million ounces.<br />After a major drilling programme, the focus now is on developing the project, which is due to go into full production in 2014. <br /><br />Bringing us up to speed with events will be chief executive Tim Coughlin when he joins us in London.<br /><br /><strong><a href="companies/overview/2131/Beacon+Hill+Resources" class="companyPopupTrigger" rel="2131">Beacon Hill Resources</a></strong> is one of AIMs most followed coal stocks. The flagship Minas Moatize operation began coking coal production last month. Located in the Tete region of Mozambique, near major infrastructure projects and iron ore mines, it has a lot of promise. <br /><br />Justin Lewis will be present in London to talk about the ramp-up and expansion of this exciting project. <br /><br /><strong><a href="companies/overview/9460/West+Kirkland+Mining" class="companyPopupTrigger" rel="9460">West Kirkland Mining</a></strong> has amassed over two dozen exploration properties in Nevada and Ontario as it looks to establish new opportunities in prolific gold districts. <br /><br />Its announcement earlier this month really caught the eye as it reported significant gold grades and high-grade silver credits from its TUG deposit in Nevada.<br /><br />It also said a new high priority target area named "12 Mile" has emerged in the Long Canyon trend. In 2012, West Kirkland has completed eight holes on the TUG property, extending the deposit a further 200 metres to the northwest.<br /><br />Knox Henderson will be present in London to talk UK investors through its prospective project portfolio. <br /><br /><strong><a href="companies/overview/9200/Simba+Energy" class="companyPopupTrigger" rel="9200">Simba Energy</a></strong> has a number of exciting opportunities in Africa and recent industry successes are making investors sit up and take notice of this junior explorer. <br /><br />Director Hassan Hassan will be presenting in Manchester to tell investors more about the group's projects, which are on the doorstep of high-profile ventures.</p> ]]></description>
<pubDate>Mon, 16 Apr 2012 15:15:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41514/one2one-in-manchester-dublin-see-caza-oil-gas-rathdowney-resources-simba-energy-longreach-oil-gas-and-strategic-natural-resources-41514.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Total Voting Rights ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120330snrp5019a/</link>
<description><![CDATA[]]></description>
<pubDate>Fri, 30 Mar 2012 15:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120330snrp5019a/</guid>
</item>
<item>
<title><![CDATA[Media files - Strategic Natural Resources has “huge potential” as a coal producer ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/stocktube/1091/strategic-natural-resources-has-huge-potential-as-a-coal-producer-1091.html</link>
<description><![CDATA[Jeremy Metcalfe, Communications Director at Strategic Natural Resources (<a href="/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>), tells Proactiveinvestors that with the 50 miles of drilling that’s been undertaken along the coal seams, which represents only five percent of the property, there’s a huge potential with “about 200mln tons of coal” discovered. Jeremy says that SNRP is poised to become a major force in South African mining.]]></description>
<pubDate>Wed, 28 Mar 2012 14:01:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/stocktube/1091/strategic-natural-resources-has-huge-potential-as-a-coal-producer-1091.html</guid>
</item>
<item>
<title><![CDATA[News - Strategic Natural Resources FD steps down as position moves to South Africa ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/40480/strategic-natural-resources-fd-steps-down-as-position-moves-to-south-africa-40480.html</link>
<description><![CDATA[<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>) has decided to move its finance function to its South African operating company Elitheni Coal Ltd and consequently, finance director Edward Cox has agreed to step down from his post with immediate effect.<br /><br />He will remain an employee of the company during the handover period.<br /><br />Today’s announcement follows the news earlier this month that it negotiated an £8 million cash injection that will take the 74 per cent-owned Elitheni coal mine in the Eastern Cape through to production.<br /><br />Family-owned private equity group Richardson Capital LLP is subscribing for 51 million new shares at 17 pence to give it a 29.98 per cent stake in the coal miner.<br /><br />Steel supplier and commodity trader Trasteel has an agreement to take all coal for export mined from Elitheni up to an initial 2 million tonnes.<br /><br />As part of the terms, Richardsons Capital can appoint a director to the Strategic Natural board.</p> ]]></description>
<pubDate>Tue, 20 Mar 2012 09:57:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/40480/strategic-natural-resources-fd-steps-down-as-position-moves-to-south-africa-40480.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Directorate Change ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120320snrp6484z/</link>
<description><![CDATA[]]></description>
<pubDate>Tue, 20 Mar 2012 07:00:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120320snrp6484z/</guid>
</item>
<item>
<title><![CDATA[RNS press release - Holding(s) in Company ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120316snrp5281z/</link>
<description><![CDATA[]]></description>
<pubDate>Fri, 16 Mar 2012 13:27:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120316snrp5281z/</guid>
</item>
<item>
<title><![CDATA[RNS press release - Grant of Options ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120308snrp9277y/</link>
<description><![CDATA[]]></description>
<pubDate>Thu, 08 Mar 2012 07:00:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120308snrp9277y/</guid>
</item>
<item>
<title><![CDATA[News - Strategic Natural agrees £8 million share subscription with private equity firm ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/39897/strategic-natural-agrees-8-million-share-subscription-with-private-equity-firm-39897.html</link>
<description><![CDATA[<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> has negotiated an £8 million cash injection that will take its Elitheni coal mine in South Africa through to production.</p>]]></description>
<pubDate>Wed, 07 Mar 2012 07:31:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/39897/strategic-natural-agrees-8-million-share-subscription-with-private-equity-firm-39897.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Issue of Equity ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120307snrp8222y/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 07 Mar 2012 07:00:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120307snrp8222y/</guid>
</item>
<item>
<title><![CDATA[News - Strategic Natural increases resources at Elitheni by a third ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/39268/strategic-natural-increases-resources-at-elitheni-by-a-third-39268.html</link>
<description><![CDATA[<p> </p>
<p>Coal miner <a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>) today upped the coal reserves estimates at Elitheni in South Africa by a third, but said it had still only explored a fraction of its acreage.</p>
<p>Based on work its phase 1-4 of Elitheni’s drilling areas, the firm said it had identified a further 53 million tonnes of coal resource to take to total to 203 million tonnes.</p>
<p>“The approximate 200 million tonne coal resource we now estimate exists on only 8,500 hectares, which is less than 5% of our total 184,000 hectare rights area, " said chief executive David Nel.</p>
<p>The latest estimate was an internal assessment and the firm has appointed Golder Associates to verify the extra coal, which consisted of 883,000 tonnes of measured resources, 21 million tonnes indicated and 31.8 million tonnes inferred.</p>
<p>Strategic Natural added it has started work on phase exploration at Elitheni, but given the size of the area at 119,000 hectares it has started by marking all outcrops and old shaft entrances.</p>
<p>So far, It has confirmed 14 outcrops and informally accessed shaft entrances on only 5 of the 299 farms in Phase 5.</p>
<p>Strategic Natural has a 74% stake in Elitheni Coal, which last year signed a local deal with government agency IDC to supply 70,000 tonnes of washed coal to a new bio-ethanol plant that will built in South Africa’s Eastern Cape.</p>
<p>The firm has also been involved in discussions with IDC about the funding of Elitheni, </p>
<p>It said today that it is still involved in active negotiation on the finalisation of its funding programme and is intent on finalising the best deal for all shareholders. </p>
<p>“The funding programme is being structured in order to allow SNR to deliver the first coal shipments to Trasteel by the middle of 2012. A further update on the funding programme will be made at the appropriate time,” it said.</p>
<p>Steel supplier and commodity trader Trasteel has an agreement to take all coal for export mined from SNR's Elitheni coal mine in the Eastern Cape up to an initial 2 million tonnes.</p>
<p>The first shipment under the contract will be loaded in June 2012, with 500,000 tonnes of coal scheduled to be shipped during the following twelve months.</p>
<p>At the time, Strategic Natural said the order represented less than 1% of the already proven Elitheni coal deposit of 150Mt.</p>
<p> </p> ]]></description>
<pubDate>Wed, 22 Feb 2012 07:49:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/39268/strategic-natural-increases-resources-at-elitheni-by-a-third-39268.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Resources Update ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120222snrp8579x/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 22 Feb 2012 07:00:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120222snrp8579x/</guid>
</item>
<item>
<title><![CDATA[News - Strategic Natural Resources updates on Elitheni development ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/38644/strategic-natural-resources-updates-on-elitheni-development-38644.html</link>
<description><![CDATA[<p><a href="http://proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>) gave an update today about the funding of its Elitheni coal mine.<br /><br />The firm noted the "statement made by the CEO of the Industrial Development Corporation of South Africa (IDC) at the weekend", which "confirmed that the IDC would be funding the development of SNR's 74 per cent owned subsidiary, Elitheni Coal (Pty) Ltd".<br /><br />Today, in a statement to the stock exchange, <a href="http://proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> said: "SNR confirms that, whilst it is in discussions with the IDC, these discussions remain on-going and form part of SNR's wider discussions with other parties in relation to finalising its funding needs."<br /><br />It added that further announcements would be made at an appropriate time.<br /><br />In December last year, the company announced a deal for selling coal from the mine.<br /><br />The agreement was signed between Elitheni Coal (Pty) Ltd and government agency - IDC.<br /><br />Elitheni will supply 70,000 tonnes of coal each year to a bio-ethanol plant that will built in South Africa’s Eastern Cape. The plant will produce its own power fuelled by Elitheni's coal, SNR said. The shipments are expected to start in 2013.<br /><br />A government backed finance institution, named the Industrial Development Corporation, is fully funding the bio-ethanol project, the firm had said.<br /><br />The supply agreement has an initial term of 20 years and during this time Elitheni would provide a total of 1.4 million tonnes of coal to the plant.<br /><br />The coal will be sold at a fixed price, although it will be increased with inflation linked to South Africa's producer price index, the company said.</p> ]]></description>
<pubDate>Mon, 06 Feb 2012 12:06:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/38644/strategic-natural-resources-updates-on-elitheni-development-38644.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Statement regarding IDC ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120206snrp8539w/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 06 Feb 2012 11:10:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120206snrp8539w/</guid>
</item>
<item>
<title><![CDATA[RNS press release - Change of Broker ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120104snrp0140v/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 04 Jan 2012 17:10:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120104snrp0140v/</guid>
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<item>
<title><![CDATA[News - Strategic Natural Resources advance on coal supply deal in South Africa ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/36958/strategic-natural-resources-advance-on-coal-supply-deal-in-south-africa--36958.html</link>
<description><![CDATA[<p>
<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> (<a href="/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>) shares advanced around 6 per cent this morning with the news of a new deal to sell coal from the Elitheni coal mine.</p>
<p>The agreement was signed between SNR’s 74 per cent owned associate Elitheni Coal (Pty) Ltd and a government agency.</p>
<p>Elitheni will supply 70,000 tonnes of coal each year to a bio-ethanol plant that will built in South Africa’s Eastern Cape. The plant will produce its own power fuelled by Elitheni's coal, SNR said.</p>
<p>The shipments are expected to start in 2013.</p>
<p>A government backed finance institution, called the Industrial Development Corporation, is fully funding the bio-ethanol project.</p>
<p>"We are delighted to be a part of this IDC funded project,” said chief executive David Nel. </p>
<p>“Supplying our coal to local industry is a strategy we as a company have considered to be viable for a long time and it is encouraging to see our endeavours come to fruition after a great deal of interaction with the IDC.”</p>
<p>“Although Elitheni will primarily be an export mine, given its significant reserves, the company will continue to work with local industry with the aim of supplying coal for use in industrial steam and power production." </p>
<p>The supply agreement has an initial term of 20 years and during this time Elitheni would provide a total of 1.4 million tonnes of coal to the plant.</p>
<p>The coal will be sold at a fixed price, although it will be increased with inflation linked to South Africa's producer price index. </p>
</p> ]]></description>
<pubDate>Wed, 14 Dec 2011 10:42:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/36958/strategic-natural-resources-advance-on-coal-supply-deal-in-south-africa--36958.html</guid>
</item>
<item>
<title><![CDATA[News - Strategic Natural Resources on track to deliver first coal orders by spring ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/36193/strategic-natural-resources-on-track-to-deliver-first-coal-orders-by-spring-36193.html</link>
<description><![CDATA[<p>Shares in <a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>) improved a little in early trading today after the South Africa-focused coal miner said that it remained on schedule to deliver its first orders by the spring of next year.</p>
<p>By 9:10am shares in the firm were up 3.3 per cent at 12.65 pence each after the firm reported results for the six months to the end of August.<br /><br />In its results statement it said that it had developed a mining plan to that would ensure the most cost-effective way to deliver against its first orders and that opencast workings have been targeted for full production by February 2012, with underground workings to begin in April.</p>
<p>Current negotiations with suppliers of washing plants have led the firm to expect that a 150 tonne per hour module will be commissioned by the end of April, which will allow it more than enough time to begin shipping ‘beneficiated’ (higher grade) coal by June.</p>
<p>The firm has also signed a memorandum of understanding with a private rail company to provide the rail services and rolling stock necessary to begin rail operations to the ports of East London and Coega. In addition to its initial export order, the firm is in discussions with third parties regarding further off-take of coal on a long-term baisis.</p>
<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> added that around 100 holes have been drilled since May 2011, with more than half of these yielding coal. Drilling is planned to begin in January.</p>
<p>“SNR have made further significant progress in the last six months towards contracting out the mining operations and sourcing plant and equipment,” said David Nel, <a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a>’ chief executive officer. “We remain confident we will be able to deliver our first orders on schedule and we anticipate being able to update our competent persons report (CPR) in Q1 of 2012 and will update our resource statement at that time.”</p>
<p>During its first half of its 2012 financial year, the firm made a loss of £975,000 (H1 2011: £470,000).</p> ]]></description>
<pubDate>Mon, 28 Nov 2011 09:57:00 +0000</pubDate>
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<title><![CDATA[RNS press release - Unaudited interims for 6 months ended 31 Aug 2011 ]]></title>
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<pubDate>Mon, 28 Nov 2011 07:00:00 +0000</pubDate>
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"title" => "News - One2One in Manchester & Dublin: See Caza Oil & Gas, Rathdowney Resources, Simba Energy, Longreach Oil & Gas and Strategic Natural Resources",
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"description" => "<p><strong>Proactive Investors takes the show on the road again next week with presentations in Dublin on Tuesday (April 24) and Manchester on Thursday (April 26), with the obligatory London forum sandwiched in between. <br /><br />In all we have eight growth companies presenting – each with a very interesting story to tell.<br /><br />There are updates from <a href="companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a>, <a href="companies/overview/297/Caza+Oil+%26amp%3B+Gas" class="companyPopupTrigger" rel="297">Caza Oil & Gas</a>, <a href="companies/overview/9309/Rathdowney+Resources" class="companyPopupTrigger" rel="9309">Rathdowney Resources</a> and Longreach Oil & Gas as well as presentations from <a href="companies/overview/5775/Lydian+International" class="companyPopupTrigger" rel="5775">Lydian International</a>, <a href="companies/overview/2131/Beacon+Hill+Resources" class="companyPopupTrigger" rel="2131">Beacon Hill Resources</a>, <a href="companies/overview/9460/West+Kirkland+Mining" class="companyPopupTrigger" rel="9460">West Kirkland Mining</a> and <a href="companies/overview/9200/Simba+Energy" class="companyPopupTrigger" rel="9200">Simba Energy</a>.<br /><br />Each has attracted an incredible amount of interest. So if you haven’t signed up already, you really need to do so soon to avoid disappointment. </strong></p>
<p><strong><a href="register/event_details/143">Please click here to register for the DUBLIN event.</a></strong></p>
<p><strong><a href="register/event_details/144">Please click here to register for the LONDON event.</a></strong> </p>
<p><a href="register/event_details/146"><strong>Please click here to register for the MANCHESTER event.</strong></a><br /><br />A recent funding and separate coal sales deal sets up the <strong><a href="companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a>’</strong> Elitheni coal project through to the start of production. <br /><br />Family-owned Richardson Capital ploughed £8 million into the group, giving it a 29.9 per cent stake. <br /><br />"The finalisation of this negotiation is the culmination of many months of work identifying and negotiating with prospective investors,” boss David Nel said recently.<br /><br />Separately steel supplier and commodity trader Trasteel has agreed to take export coal mined from Elitheni, which is in South Africa’s Eastern Cape, up to an initial 2 million tonnes.<br /><br />Director Jeremy Metcalfe will talk investors in Dublin and Manchester through the group's prospects as it moves through the development phase whilst maintaining a keen eye on exploration. <br /><br />A strong end to a topsy-turvy 2011 saw a reserves and production increase by over 35 per cent at <strong><a href="companies/overview/297/Caza+Oil+%26amp%3B+Gas" class="companyPopupTrigger" rel="297">Caza Oil & Gas</a></strong>. <br /><br />Well-funded, it has the financial wherewithal to bankroll its drilling aspirations. <br />Work is already underway on the Sombrero prospect in Lea County, New Mexico, where it has a 20 per cent stake. <br /><br />But this is just one of a number of exciting developments this year. <br />Bringing us bang up to date will be chief executive Mike Ford, who will be in Dublin, London and Manchester.<br /><br />City firm Collins Stewart rates Vancouver headquartered <strong><a href="companies/overview/9309/Rathdowney+Resources" class="companyPopupTrigger" rel="9309">Rathdowney Resources</a></strong> as the standout stock among junior zinc explorers. <br /><br />The Euro-centred Canadian firm is developing the Olza project in Southern Poland as well as exploring Ireland, with assets in Cork, Westmeath, Laois, Meath and Galway. <br /><br />"We view Rathdowney as a technically sound, low risk, relatively low capital intensity zinc play, located in an investor friendly jurisdiction with excellent infrastructure and existing smelting facilities nearby," said Collins Stewart analyst Andrei Kroupnik.<br /><br />Joining us in Dublin to tell us more about the company and its prospects will be chief executive John Barry.<br /><br />As one of the early entrants into Morocco,<strong> Longreach Oil and Gas </strong>already has an impressive landholding in what is quickly becoming a hot-spot for exploration. <br /><br />In Dublin, Andrew Benitz will share with investors his view on what he believes to be the “last under-explored basin in North Africa”.<br /><br />Regular attendees will already know plenty about <strong><a href="companies/overview/5775/Lydian+International" class="companyPopupTrigger" rel="5775">Lydian International</a>'s</strong> exciting Amulsar gold project in Armenia. <br /><br />In January, Lydian reported a major resource upgrade at the project. It gave Amulsar a further 700,000 ounces of gold and took total resources to 3.2 million ounces.<br />After a major drilling programme, the focus now is on developing the project, which is due to go into full production in 2014. <br /><br />Bringing us up to speed with events will be chief executive Tim Coughlin when he joins us in London.<br /><br /><strong><a href="companies/overview/2131/Beacon+Hill+Resources" class="companyPopupTrigger" rel="2131">Beacon Hill Resources</a></strong> is one of AIMs most followed coal stocks. The flagship Minas Moatize operation began coking coal production last month. Located in the Tete region of Mozambique, near major infrastructure projects and iron ore mines, it has a lot of promise. <br /><br />Justin Lewis will be present in London to talk about the ramp-up and expansion of this exciting project. <br /><br /><strong><a href="companies/overview/9460/West+Kirkland+Mining" class="companyPopupTrigger" rel="9460">West Kirkland Mining</a></strong> has amassed over two dozen exploration properties in Nevada and Ontario as it looks to establish new opportunities in prolific gold districts. <br /><br />Its announcement earlier this month really caught the eye as it reported significant gold grades and high-grade silver credits from its TUG deposit in Nevada.<br /><br />It also said a new high priority target area named "12 Mile" has emerged in the Long Canyon trend. In 2012, West Kirkland has completed eight holes on the TUG property, extending the deposit a further 200 metres to the northwest.<br /><br />Knox Henderson will be present in London to talk UK investors through its prospective project portfolio. <br /><br /><strong><a href="companies/overview/9200/Simba+Energy" class="companyPopupTrigger" rel="9200">Simba Energy</a></strong> has a number of exciting opportunities in Africa and recent industry successes are making investors sit up and take notice of this junior explorer. <br /><br />Director Hassan Hassan will be presenting in Manchester to tell investors more about the group's projects, which are on the doorstep of high-profile ventures.</p> ",
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"title" => "News - Strategic Natural increases resources at Elitheni by a third",
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<p>Coal miner <a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>) today upped the coal reserves estimates at Elitheni in South Africa by a third, but said it had still only explored a fraction of its acreage.</p>
<p>Based on work its phase 1-4 of Elitheni’s drilling areas, the firm said it had identified a further 53 million tonnes of coal resource to take to total to 203 million tonnes.</p>
<p>“The approximate 200 million tonne coal resource we now estimate exists on only 8,500 hectares, which is less than 5% of our total 184,000 hectare rights area, " said chief executive David Nel.</p>
<p>The latest estimate was an internal assessment and the firm has appointed Golder Associates to verify the extra coal, which consisted of 883,000 tonnes of measured resources, 21 million tonnes indicated and 31.8 million tonnes inferred.</p>
<p>Strategic Natural added it has started work on phase exploration at Elitheni, but given the size of the area at 119,000 hectares it has started by marking all outcrops and old shaft entrances.</p>
<p>So far, It has confirmed 14 outcrops and informally accessed shaft entrances on only 5 of the 299 farms in Phase 5.</p>
<p>Strategic Natural has a 74% stake in Elitheni Coal, which last year signed a local deal with government agency IDC to supply 70,000 tonnes of washed coal to a new bio-ethanol plant that will built in South Africa’s Eastern Cape.</p>
<p>The firm has also been involved in discussions with IDC about the funding of Elitheni, </p>
<p>It said today that it is still involved in active negotiation on the finalisation of its funding programme and is intent on finalising the best deal for all shareholders. </p>
<p>“The funding programme is being structured in order to allow SNR to deliver the first coal shipments to Trasteel by the middle of 2012. A further update on the funding programme will be made at the appropriate time,” it said.</p>
<p>Steel supplier and commodity trader Trasteel has an agreement to take all coal for export mined from SNR's Elitheni coal mine in the Eastern Cape up to an initial 2 million tonnes.</p>
<p>The first shipment under the contract will be loaded in June 2012, with 500,000 tonnes of coal scheduled to be shipped during the following twelve months.</p>
<p>At the time, Strategic Natural said the order represented less than 1% of the already proven Elitheni coal deposit of 150Mt.</p>
<p> </p> ",
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),
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"title" => "RNS press release - Resources Update",
"pubdate" => "2012-02-22 07:00:00",
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"link" => "http://www.proactiveinvestors.co.uk/companies/rns/120222snrp8579x/"
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array(
"id" => "38644",
"title" => "News - Strategic Natural Resources updates on Elitheni development",
"pubdate" => "2012-02-06 12:06:00",
"seftitle" => "strategic-natural-resources-updates-on-elitheni-development-38644.html",
"description" => "<p><a href="http://proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>) gave an update today about the funding of its Elitheni coal mine.<br /><br />The firm noted the "statement made by the CEO of the Industrial Development Corporation of South Africa (IDC) at the weekend", which "confirmed that the IDC would be funding the development of SNR's 74 per cent owned subsidiary, Elitheni Coal (Pty) Ltd".<br /><br />Today, in a statement to the stock exchange, <a href="http://proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> said: "SNR confirms that, whilst it is in discussions with the IDC, these discussions remain on-going and form part of SNR's wider discussions with other parties in relation to finalising its funding needs."<br /><br />It added that further announcements would be made at an appropriate time.<br /><br />In December last year, the company announced a deal for selling coal from the mine.<br /><br />The agreement was signed between Elitheni Coal (Pty) Ltd and government agency - IDC.<br /><br />Elitheni will supply 70,000 tonnes of coal each year to a bio-ethanol plant that will built in South Africa’s Eastern Cape. The plant will produce its own power fuelled by Elitheni's coal, SNR said. The shipments are expected to start in 2013.<br /><br />A government backed finance institution, named the Industrial Development Corporation, is fully funding the bio-ethanol project, the firm had said.<br /><br />The supply agreement has an initial term of 20 years and during this time Elitheni would provide a total of 1.4 million tonnes of coal to the plant.<br /><br />The coal will be sold at a fixed price, although it will be increased with inflation linked to South Africa's producer price index, the company said.</p> ",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/38644/strategic-natural-resources-updates-on-elitheni-development-38644.html"
),
array(
"id" => "120206snrp8539w",
"title" => "RNS press release - Statement regarding IDC",
"pubdate" => "2012-02-06 11:10:00",
"seftitle" => "",
"description" => "",
"link" => "http://www.proactiveinvestors.co.uk/companies/rns/120206snrp8539w/"
),
array(
"id" => "120104snrp0140v",
"title" => "RNS press release - Change of Broker",
"pubdate" => "2012-01-04 17:10:00",
"seftitle" => "",
"description" => "",
"link" => "http://www.proactiveinvestors.co.uk/companies/rns/120104snrp0140v/"
),
array(
"id" => "36958",
"title" => "News - Strategic Natural Resources advance on coal supply deal in South Africa ",
"pubdate" => "2011-12-14 10:42:00",
"seftitle" => "strategic-natural-resources-advance-on-coal-supply-deal-in-south-africa--36958.html",
"description" => "<p>
<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> (<a href="/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>) shares advanced around 6 per cent this morning with the news of a new deal to sell coal from the Elitheni coal mine.</p>
<p>The agreement was signed between SNR’s 74 per cent owned associate Elitheni Coal (Pty) Ltd and a government agency.</p>
<p>Elitheni will supply 70,000 tonnes of coal each year to a bio-ethanol plant that will built in South Africa’s Eastern Cape. The plant will produce its own power fuelled by Elitheni's coal, SNR said.</p>
<p>The shipments are expected to start in 2013.</p>
<p>A government backed finance institution, called the Industrial Development Corporation, is fully funding the bio-ethanol project.</p>
<p>"We are delighted to be a part of this IDC funded project,” said chief executive David Nel. </p>
<p>“Supplying our coal to local industry is a strategy we as a company have considered to be viable for a long time and it is encouraging to see our endeavours come to fruition after a great deal of interaction with the IDC.”</p>
<p>“Although Elitheni will primarily be an export mine, given its significant reserves, the company will continue to work with local industry with the aim of supplying coal for use in industrial steam and power production." </p>
<p>The supply agreement has an initial term of 20 years and during this time Elitheni would provide a total of 1.4 million tonnes of coal to the plant.</p>
<p>The coal will be sold at a fixed price, although it will be increased with inflation linked to South Africa's producer price index. </p>
</p> ",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/36958/strategic-natural-resources-advance-on-coal-supply-deal-in-south-africa--36958.html"
),
array(
"id" => "36193",
"title" => "News - Strategic Natural Resources on track to deliver first coal orders by spring",
"pubdate" => "2011-11-28 09:57:00",
"seftitle" => "strategic-natural-resources-on-track-to-deliver-first-coal-orders-by-spring-36193.html",
"description" => "<p>Shares in <a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>) improved a little in early trading today after the South Africa-focused coal miner said that it remained on schedule to deliver its first orders by the spring of next year.</p>
<p>By 9:10am shares in the firm were up 3.3 per cent at 12.65 pence each after the firm reported results for the six months to the end of August.<br /><br />In its results statement it said that it had developed a mining plan to that would ensure the most cost-effective way to deliver against its first orders and that opencast workings have been targeted for full production by February 2012, with underground workings to begin in April.</p>
<p>Current negotiations with suppliers of washing plants have led the firm to expect that a 150 tonne per hour module will be commissioned by the end of April, which will allow it more than enough time to begin shipping ‘beneficiated’ (higher grade) coal by June.</p>
<p>The firm has also signed a memorandum of understanding with a private rail company to provide the rail services and rolling stock necessary to begin rail operations to the ports of East London and Coega. In addition to its initial export order, the firm is in discussions with third parties regarding further off-take of coal on a long-term baisis.</p>
<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> added that around 100 holes have been drilled since May 2011, with more than half of these yielding coal. Drilling is planned to begin in January.</p>
<p>“SNR have made further significant progress in the last six months towards contracting out the mining operations and sourcing plant and equipment,” said David Nel, <a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a>’ chief executive officer. “We remain confident we will be able to deliver our first orders on schedule and we anticipate being able to update our competent persons report (CPR) in Q1 of 2012 and will update our resource statement at that time.”</p>
<p>During its first half of its 2012 financial year, the firm made a loss of £975,000 (H1 2011: £470,000).</p> ",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/36193/strategic-natural-resources-on-track-to-deliver-first-coal-orders-by-spring-36193.html"
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"title" => "RNS press release - Unaudited interims for 6 months ended 31 Aug 2011",
"pubdate" => "2011-11-28 07:00:00",
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"link" => "http://www.proactiveinvestors.co.uk/companies/rns/111128snrp8433s/"
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<title><![CDATA[News - Strategic Natural Resources begins mining at Elitheni; forms new JV company with Trasteel ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/42515/strategic-natural-resources-begins-mining-at-elitheni-forms-new-jv-company-with-trasteel-42515.html</link>
<description><![CDATA[<p>Strategic Natural Resources today announced a strengthening of its agreement with commodity trader Trasteel International - with the formation of a new joint venture marketing company.</p>]]></description>
<pubDate>Wed, 09 May 2012 07:34:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/42515/strategic-natural-resources-begins-mining-at-elitheni-forms-new-jv-company-with-trasteel-42515.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - JV, commencement of mining and operational update ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120509snrp9078c/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 09 May 2012 07:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120509snrp9078c/</guid>
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<item>
<title><![CDATA[Broker press ]]></title>
<link></link>
<description><![CDATA[30.04.12: +2.38, (32.63) Press: Strategic Natural Resources rose on hopes it would soon announce an updated resource estimate for its Elitheni coal mine in South Africa, which is expected to reach full production by the end of May. Source - Financial Times]]></description>
<pubDate>Mon, 30 Apr 2012 00:00:00 +0100</pubDate>
<guid></guid>
</item>
<item>
<title><![CDATA[News - One2One in Manchester & Dublin: See Caza Oil & Gas, Rathdowney Resources, Simba Energy, Longreach Oil & Gas and Strategic Natural Resources ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41514/one2one-in-manchester-dublin-see-caza-oil-gas-rathdowney-resources-simba-energy-longreach-oil-gas-and-strategic-natural-resources-41514.html</link>
<description><![CDATA[<p><strong>Proactive Investors takes the show on the road again next week with presentations in Dublin on Tuesday (April 24) and Manchester on Thursday (April 26), with the obligatory London forum sandwiched in between. <br /><br />In all we have eight growth companies presenting – each with a very interesting story to tell.<br /><br />There are updates from <a href="companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a>, <a href="companies/overview/297/Caza+Oil+%26amp%3B+Gas" class="companyPopupTrigger" rel="297">Caza Oil & Gas</a>, <a href="companies/overview/9309/Rathdowney+Resources" class="companyPopupTrigger" rel="9309">Rathdowney Resources</a> and Longreach Oil & Gas as well as presentations from <a href="companies/overview/5775/Lydian+International" class="companyPopupTrigger" rel="5775">Lydian International</a>, <a href="companies/overview/2131/Beacon+Hill+Resources" class="companyPopupTrigger" rel="2131">Beacon Hill Resources</a>, <a href="companies/overview/9460/West+Kirkland+Mining" class="companyPopupTrigger" rel="9460">West Kirkland Mining</a> and <a href="companies/overview/9200/Simba+Energy" class="companyPopupTrigger" rel="9200">Simba Energy</a>.<br /><br />Each has attracted an incredible amount of interest. So if you haven’t signed up already, you really need to do so soon to avoid disappointment. </strong></p>
<p><strong><a href="register/event_details/143">Please click here to register for the DUBLIN event.</a></strong></p>
<p><strong><a href="register/event_details/144">Please click here to register for the LONDON event.</a></strong> </p>
<p><a href="register/event_details/146"><strong>Please click here to register for the MANCHESTER event.</strong></a><br /><br />A recent funding and separate coal sales deal sets up the <strong><a href="companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a>’</strong> Elitheni coal project through to the start of production. <br /><br />Family-owned Richardson Capital ploughed £8 million into the group, giving it a 29.9 per cent stake. <br /><br />"The finalisation of this negotiation is the culmination of many months of work identifying and negotiating with prospective investors,” boss David Nel said recently.<br /><br />Separately steel supplier and commodity trader Trasteel has agreed to take export coal mined from Elitheni, which is in South Africa’s Eastern Cape, up to an initial 2 million tonnes.<br /><br />Director Jeremy Metcalfe will talk investors in Dublin and Manchester through the group's prospects as it moves through the development phase whilst maintaining a keen eye on exploration. <br /><br />A strong end to a topsy-turvy 2011 saw a reserves and production increase by over 35 per cent at <strong><a href="companies/overview/297/Caza+Oil+%26amp%3B+Gas" class="companyPopupTrigger" rel="297">Caza Oil & Gas</a></strong>. <br /><br />Well-funded, it has the financial wherewithal to bankroll its drilling aspirations. <br />Work is already underway on the Sombrero prospect in Lea County, New Mexico, where it has a 20 per cent stake. <br /><br />But this is just one of a number of exciting developments this year. <br />Bringing us bang up to date will be chief executive Mike Ford, who will be in Dublin, London and Manchester.<br /><br />City firm Collins Stewart rates Vancouver headquartered <strong><a href="companies/overview/9309/Rathdowney+Resources" class="companyPopupTrigger" rel="9309">Rathdowney Resources</a></strong> as the standout stock among junior zinc explorers. <br /><br />The Euro-centred Canadian firm is developing the Olza project in Southern Poland as well as exploring Ireland, with assets in Cork, Westmeath, Laois, Meath and Galway. <br /><br />"We view Rathdowney as a technically sound, low risk, relatively low capital intensity zinc play, located in an investor friendly jurisdiction with excellent infrastructure and existing smelting facilities nearby," said Collins Stewart analyst Andrei Kroupnik.<br /><br />Joining us in Dublin to tell us more about the company and its prospects will be chief executive John Barry.<br /><br />As one of the early entrants into Morocco,<strong> Longreach Oil and Gas </strong>already has an impressive landholding in what is quickly becoming a hot-spot for exploration. <br /><br />In Dublin, Andrew Benitz will share with investors his view on what he believes to be the “last under-explored basin in North Africa”.<br /><br />Regular attendees will already know plenty about <strong><a href="companies/overview/5775/Lydian+International" class="companyPopupTrigger" rel="5775">Lydian International</a>'s</strong> exciting Amulsar gold project in Armenia. <br /><br />In January, Lydian reported a major resource upgrade at the project. It gave Amulsar a further 700,000 ounces of gold and took total resources to 3.2 million ounces.<br />After a major drilling programme, the focus now is on developing the project, which is due to go into full production in 2014. <br /><br />Bringing us up to speed with events will be chief executive Tim Coughlin when he joins us in London.<br /><br /><strong><a href="companies/overview/2131/Beacon+Hill+Resources" class="companyPopupTrigger" rel="2131">Beacon Hill Resources</a></strong> is one of AIMs most followed coal stocks. The flagship Minas Moatize operation began coking coal production last month. Located in the Tete region of Mozambique, near major infrastructure projects and iron ore mines, it has a lot of promise. <br /><br />Justin Lewis will be present in London to talk about the ramp-up and expansion of this exciting project. <br /><br /><strong><a href="companies/overview/9460/West+Kirkland+Mining" class="companyPopupTrigger" rel="9460">West Kirkland Mining</a></strong> has amassed over two dozen exploration properties in Nevada and Ontario as it looks to establish new opportunities in prolific gold districts. <br /><br />Its announcement earlier this month really caught the eye as it reported significant gold grades and high-grade silver credits from its TUG deposit in Nevada.<br /><br />It also said a new high priority target area named "12 Mile" has emerged in the Long Canyon trend. In 2012, West Kirkland has completed eight holes on the TUG property, extending the deposit a further 200 metres to the northwest.<br /><br />Knox Henderson will be present in London to talk UK investors through its prospective project portfolio. <br /><br /><strong><a href="companies/overview/9200/Simba+Energy" class="companyPopupTrigger" rel="9200">Simba Energy</a></strong> has a number of exciting opportunities in Africa and recent industry successes are making investors sit up and take notice of this junior explorer. <br /><br />Director Hassan Hassan will be presenting in Manchester to tell investors more about the group's projects, which are on the doorstep of high-profile ventures.</p> ]]></description>
<pubDate>Mon, 16 Apr 2012 15:15:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41514/one2one-in-manchester-dublin-see-caza-oil-gas-rathdowney-resources-simba-energy-longreach-oil-gas-and-strategic-natural-resources-41514.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Total Voting Rights ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120330snrp5019a/</link>
<description><![CDATA[]]></description>
<pubDate>Fri, 30 Mar 2012 15:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120330snrp5019a/</guid>
</item>
<item>
<title><![CDATA[Media files - Strategic Natural Resources has “huge potential” as a coal producer ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/stocktube/1091/strategic-natural-resources-has-huge-potential-as-a-coal-producer-1091.html</link>
<description><![CDATA[Jeremy Metcalfe, Communications Director at Strategic Natural Resources (<a href="/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>), tells Proactiveinvestors that with the 50 miles of drilling that’s been undertaken along the coal seams, which represents only five percent of the property, there’s a huge potential with “about 200mln tons of coal” discovered. Jeremy says that SNRP is poised to become a major force in South African mining.]]></description>
<pubDate>Wed, 28 Mar 2012 14:01:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/stocktube/1091/strategic-natural-resources-has-huge-potential-as-a-coal-producer-1091.html</guid>
</item>
<item>
<title><![CDATA[News - Strategic Natural Resources FD steps down as position moves to South Africa ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/40480/strategic-natural-resources-fd-steps-down-as-position-moves-to-south-africa-40480.html</link>
<description><![CDATA[<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>) has decided to move its finance function to its South African operating company Elitheni Coal Ltd and consequently, finance director Edward Cox has agreed to step down from his post with immediate effect.<br /><br />He will remain an employee of the company during the handover period.<br /><br />Today’s announcement follows the news earlier this month that it negotiated an £8 million cash injection that will take the 74 per cent-owned Elitheni coal mine in the Eastern Cape through to production.<br /><br />Family-owned private equity group Richardson Capital LLP is subscribing for 51 million new shares at 17 pence to give it a 29.98 per cent stake in the coal miner.<br /><br />Steel supplier and commodity trader Trasteel has an agreement to take all coal for export mined from Elitheni up to an initial 2 million tonnes.<br /><br />As part of the terms, Richardsons Capital can appoint a director to the Strategic Natural board.</p> ]]></description>
<pubDate>Tue, 20 Mar 2012 09:57:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/40480/strategic-natural-resources-fd-steps-down-as-position-moves-to-south-africa-40480.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Directorate Change ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120320snrp6484z/</link>
<description><![CDATA[]]></description>
<pubDate>Tue, 20 Mar 2012 07:00:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120320snrp6484z/</guid>
</item>
<item>
<title><![CDATA[RNS press release - Holding(s) in Company ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120316snrp5281z/</link>
<description><![CDATA[]]></description>
<pubDate>Fri, 16 Mar 2012 13:27:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120316snrp5281z/</guid>
</item>
<item>
<title><![CDATA[RNS press release - Grant of Options ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120308snrp9277y/</link>
<description><![CDATA[]]></description>
<pubDate>Thu, 08 Mar 2012 07:00:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120308snrp9277y/</guid>
</item>
<item>
<title><![CDATA[News - Strategic Natural agrees £8 million share subscription with private equity firm ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/39897/strategic-natural-agrees-8-million-share-subscription-with-private-equity-firm-39897.html</link>
<description><![CDATA[<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> has negotiated an £8 million cash injection that will take its Elitheni coal mine in South Africa through to production.</p>]]></description>
<pubDate>Wed, 07 Mar 2012 07:31:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/39897/strategic-natural-agrees-8-million-share-subscription-with-private-equity-firm-39897.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Issue of Equity ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120307snrp8222y/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 07 Mar 2012 07:00:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120307snrp8222y/</guid>
</item>
<item>
<title><![CDATA[News - Strategic Natural increases resources at Elitheni by a third ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/39268/strategic-natural-increases-resources-at-elitheni-by-a-third-39268.html</link>
<description><![CDATA[<p> </p>
<p>Coal miner <a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>) today upped the coal reserves estimates at Elitheni in South Africa by a third, but said it had still only explored a fraction of its acreage.</p>
<p>Based on work its phase 1-4 of Elitheni’s drilling areas, the firm said it had identified a further 53 million tonnes of coal resource to take to total to 203 million tonnes.</p>
<p>“The approximate 200 million tonne coal resource we now estimate exists on only 8,500 hectares, which is less than 5% of our total 184,000 hectare rights area, " said chief executive David Nel.</p>
<p>The latest estimate was an internal assessment and the firm has appointed Golder Associates to verify the extra coal, which consisted of 883,000 tonnes of measured resources, 21 million tonnes indicated and 31.8 million tonnes inferred.</p>
<p>Strategic Natural added it has started work on phase exploration at Elitheni, but given the size of the area at 119,000 hectares it has started by marking all outcrops and old shaft entrances.</p>
<p>So far, It has confirmed 14 outcrops and informally accessed shaft entrances on only 5 of the 299 farms in Phase 5.</p>
<p>Strategic Natural has a 74% stake in Elitheni Coal, which last year signed a local deal with government agency IDC to supply 70,000 tonnes of washed coal to a new bio-ethanol plant that will built in South Africa’s Eastern Cape.</p>
<p>The firm has also been involved in discussions with IDC about the funding of Elitheni, </p>
<p>It said today that it is still involved in active negotiation on the finalisation of its funding programme and is intent on finalising the best deal for all shareholders. </p>
<p>“The funding programme is being structured in order to allow SNR to deliver the first coal shipments to Trasteel by the middle of 2012. A further update on the funding programme will be made at the appropriate time,” it said.</p>
<p>Steel supplier and commodity trader Trasteel has an agreement to take all coal for export mined from SNR's Elitheni coal mine in the Eastern Cape up to an initial 2 million tonnes.</p>
<p>The first shipment under the contract will be loaded in June 2012, with 500,000 tonnes of coal scheduled to be shipped during the following twelve months.</p>
<p>At the time, Strategic Natural said the order represented less than 1% of the already proven Elitheni coal deposit of 150Mt.</p>
<p> </p> ]]></description>
<pubDate>Wed, 22 Feb 2012 07:49:00 +0000</pubDate>
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<title><![CDATA[RNS press release - Resources Update ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120222snrp8579x/</link>
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<pubDate>Wed, 22 Feb 2012 07:00:00 +0000</pubDate>
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<item>
<title><![CDATA[News - Strategic Natural Resources updates on Elitheni development ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/38644/strategic-natural-resources-updates-on-elitheni-development-38644.html</link>
<description><![CDATA[<p><a href="http://proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>) gave an update today about the funding of its Elitheni coal mine.<br /><br />The firm noted the "statement made by the CEO of the Industrial Development Corporation of South Africa (IDC) at the weekend", which "confirmed that the IDC would be funding the development of SNR's 74 per cent owned subsidiary, Elitheni Coal (Pty) Ltd".<br /><br />Today, in a statement to the stock exchange, <a href="http://proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> said: "SNR confirms that, whilst it is in discussions with the IDC, these discussions remain on-going and form part of SNR's wider discussions with other parties in relation to finalising its funding needs."<br /><br />It added that further announcements would be made at an appropriate time.<br /><br />In December last year, the company announced a deal for selling coal from the mine.<br /><br />The agreement was signed between Elitheni Coal (Pty) Ltd and government agency - IDC.<br /><br />Elitheni will supply 70,000 tonnes of coal each year to a bio-ethanol plant that will built in South Africa’s Eastern Cape. The plant will produce its own power fuelled by Elitheni's coal, SNR said. The shipments are expected to start in 2013.<br /><br />A government backed finance institution, named the Industrial Development Corporation, is fully funding the bio-ethanol project, the firm had said.<br /><br />The supply agreement has an initial term of 20 years and during this time Elitheni would provide a total of 1.4 million tonnes of coal to the plant.<br /><br />The coal will be sold at a fixed price, although it will be increased with inflation linked to South Africa's producer price index, the company said.</p> ]]></description>
<pubDate>Mon, 06 Feb 2012 12:06:00 +0000</pubDate>
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<title><![CDATA[RNS press release - Statement regarding IDC ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120206snrp8539w/</link>
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<pubDate>Mon, 06 Feb 2012 11:10:00 +0000</pubDate>
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<title><![CDATA[RNS press release - Change of Broker ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120104snrp0140v/</link>
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<pubDate>Wed, 04 Jan 2012 17:10:00 +0000</pubDate>
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<title><![CDATA[News - Strategic Natural Resources advance on coal supply deal in South Africa ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/36958/strategic-natural-resources-advance-on-coal-supply-deal-in-south-africa--36958.html</link>
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<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> (<a href="/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>) shares advanced around 6 per cent this morning with the news of a new deal to sell coal from the Elitheni coal mine.</p>
<p>The agreement was signed between SNR’s 74 per cent owned associate Elitheni Coal (Pty) Ltd and a government agency.</p>
<p>Elitheni will supply 70,000 tonnes of coal each year to a bio-ethanol plant that will built in South Africa’s Eastern Cape. The plant will produce its own power fuelled by Elitheni's coal, SNR said.</p>
<p>The shipments are expected to start in 2013.</p>
<p>A government backed finance institution, called the Industrial Development Corporation, is fully funding the bio-ethanol project.</p>
<p>"We are delighted to be a part of this IDC funded project,” said chief executive David Nel. </p>
<p>“Supplying our coal to local industry is a strategy we as a company have considered to be viable for a long time and it is encouraging to see our endeavours come to fruition after a great deal of interaction with the IDC.”</p>
<p>“Although Elitheni will primarily be an export mine, given its significant reserves, the company will continue to work with local industry with the aim of supplying coal for use in industrial steam and power production." </p>
<p>The supply agreement has an initial term of 20 years and during this time Elitheni would provide a total of 1.4 million tonnes of coal to the plant.</p>
<p>The coal will be sold at a fixed price, although it will be increased with inflation linked to South Africa's producer price index. </p>
</p> ]]></description>
<pubDate>Wed, 14 Dec 2011 10:42:00 +0000</pubDate>
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<title><![CDATA[News - Strategic Natural Resources on track to deliver first coal orders by spring ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/36193/strategic-natural-resources-on-track-to-deliver-first-coal-orders-by-spring-36193.html</link>
<description><![CDATA[<p>Shares in <a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>) improved a little in early trading today after the South Africa-focused coal miner said that it remained on schedule to deliver its first orders by the spring of next year.</p>
<p>By 9:10am shares in the firm were up 3.3 per cent at 12.65 pence each after the firm reported results for the six months to the end of August.<br /><br />In its results statement it said that it had developed a mining plan to that would ensure the most cost-effective way to deliver against its first orders and that opencast workings have been targeted for full production by February 2012, with underground workings to begin in April.</p>
<p>Current negotiations with suppliers of washing plants have led the firm to expect that a 150 tonne per hour module will be commissioned by the end of April, which will allow it more than enough time to begin shipping ‘beneficiated’ (higher grade) coal by June.</p>
<p>The firm has also signed a memorandum of understanding with a private rail company to provide the rail services and rolling stock necessary to begin rail operations to the ports of East London and Coega. In addition to its initial export order, the firm is in discussions with third parties regarding further off-take of coal on a long-term baisis.</p>
<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> added that around 100 holes have been drilled since May 2011, with more than half of these yielding coal. Drilling is planned to begin in January.</p>
<p>“SNR have made further significant progress in the last six months towards contracting out the mining operations and sourcing plant and equipment,” said David Nel, <a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a>’ chief executive officer. “We remain confident we will be able to deliver our first orders on schedule and we anticipate being able to update our competent persons report (CPR) in Q1 of 2012 and will update our resource statement at that time.”</p>
<p>During its first half of its 2012 financial year, the firm made a loss of £975,000 (H1 2011: £470,000).</p> ]]></description>
<pubDate>Mon, 28 Nov 2011 09:57:00 +0000</pubDate>
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<title><![CDATA[RNS press release - Unaudited interims for 6 months ended 31 Aug 2011 ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/111128snrp8433s/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 28 Nov 2011 07:00:00 +0000</pubDate>
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<title><![CDATA[News - Strategic Natural Resources begins mining at Elitheni; forms new JV company with Trasteel ]]></title>
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<description><![CDATA[<p>Strategic Natural Resources today announced a strengthening of its agreement with commodity trader Trasteel International - with the formation of a new joint venture marketing company.</p>]]></description>
<pubDate>Wed, 09 May 2012 07:34:00 +0100</pubDate>
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<title><![CDATA[RNS press release - JV, commencement of mining and operational update ]]></title>
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<description><![CDATA[30.04.12: +2.38, (32.63) Press: Strategic Natural Resources rose on hopes it would soon announce an updated resource estimate for its Elitheni coal mine in South Africa, which is expected to reach full production by the end of May. Source - Financial Times]]></description>
<pubDate>Mon, 30 Apr 2012 00:00:00 +0100</pubDate>
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<title><![CDATA[News - One2One in Manchester & Dublin: See Caza Oil & Gas, Rathdowney Resources, Simba Energy, Longreach Oil & Gas and Strategic Natural Resources ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41514/one2one-in-manchester-dublin-see-caza-oil-gas-rathdowney-resources-simba-energy-longreach-oil-gas-and-strategic-natural-resources-41514.html</link>
<description><![CDATA[<p><strong>Proactive Investors takes the show on the road again next week with presentations in Dublin on Tuesday (April 24) and Manchester on Thursday (April 26), with the obligatory London forum sandwiched in between. <br /><br />In all we have eight growth companies presenting – each with a very interesting story to tell.<br /><br />There are updates from <a href="companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a>, <a href="companies/overview/297/Caza+Oil+%26amp%3B+Gas" class="companyPopupTrigger" rel="297">Caza Oil & Gas</a>, <a href="companies/overview/9309/Rathdowney+Resources" class="companyPopupTrigger" rel="9309">Rathdowney Resources</a> and Longreach Oil & Gas as well as presentations from <a href="companies/overview/5775/Lydian+International" class="companyPopupTrigger" rel="5775">Lydian International</a>, <a href="companies/overview/2131/Beacon+Hill+Resources" class="companyPopupTrigger" rel="2131">Beacon Hill Resources</a>, <a href="companies/overview/9460/West+Kirkland+Mining" class="companyPopupTrigger" rel="9460">West Kirkland Mining</a> and <a href="companies/overview/9200/Simba+Energy" class="companyPopupTrigger" rel="9200">Simba Energy</a>.<br /><br />Each has attracted an incredible amount of interest. So if you haven’t signed up already, you really need to do so soon to avoid disappointment. </strong></p>
<p><strong><a href="register/event_details/143">Please click here to register for the DUBLIN event.</a></strong></p>
<p><strong><a href="register/event_details/144">Please click here to register for the LONDON event.</a></strong> </p>
<p><a href="register/event_details/146"><strong>Please click here to register for the MANCHESTER event.</strong></a><br /><br />A recent funding and separate coal sales deal sets up the <strong><a href="companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a>’</strong> Elitheni coal project through to the start of production. <br /><br />Family-owned Richardson Capital ploughed £8 million into the group, giving it a 29.9 per cent stake. <br /><br />"The finalisation of this negotiation is the culmination of many months of work identifying and negotiating with prospective investors,” boss David Nel said recently.<br /><br />Separately steel supplier and commodity trader Trasteel has agreed to take export coal mined from Elitheni, which is in South Africa’s Eastern Cape, up to an initial 2 million tonnes.<br /><br />Director Jeremy Metcalfe will talk investors in Dublin and Manchester through the group's prospects as it moves through the development phase whilst maintaining a keen eye on exploration. <br /><br />A strong end to a topsy-turvy 2011 saw a reserves and production increase by over 35 per cent at <strong><a href="companies/overview/297/Caza+Oil+%26amp%3B+Gas" class="companyPopupTrigger" rel="297">Caza Oil & Gas</a></strong>. <br /><br />Well-funded, it has the financial wherewithal to bankroll its drilling aspirations. <br />Work is already underway on the Sombrero prospect in Lea County, New Mexico, where it has a 20 per cent stake. <br /><br />But this is just one of a number of exciting developments this year. <br />Bringing us bang up to date will be chief executive Mike Ford, who will be in Dublin, London and Manchester.<br /><br />City firm Collins Stewart rates Vancouver headquartered <strong><a href="companies/overview/9309/Rathdowney+Resources" class="companyPopupTrigger" rel="9309">Rathdowney Resources</a></strong> as the standout stock among junior zinc explorers. <br /><br />The Euro-centred Canadian firm is developing the Olza project in Southern Poland as well as exploring Ireland, with assets in Cork, Westmeath, Laois, Meath and Galway. <br /><br />"We view Rathdowney as a technically sound, low risk, relatively low capital intensity zinc play, located in an investor friendly jurisdiction with excellent infrastructure and existing smelting facilities nearby," said Collins Stewart analyst Andrei Kroupnik.<br /><br />Joining us in Dublin to tell us more about the company and its prospects will be chief executive John Barry.<br /><br />As one of the early entrants into Morocco,<strong> Longreach Oil and Gas </strong>already has an impressive landholding in what is quickly becoming a hot-spot for exploration. <br /><br />In Dublin, Andrew Benitz will share with investors his view on what he believes to be the “last under-explored basin in North Africa”.<br /><br />Regular attendees will already know plenty about <strong><a href="companies/overview/5775/Lydian+International" class="companyPopupTrigger" rel="5775">Lydian International</a>'s</strong> exciting Amulsar gold project in Armenia. <br /><br />In January, Lydian reported a major resource upgrade at the project. It gave Amulsar a further 700,000 ounces of gold and took total resources to 3.2 million ounces.<br />After a major drilling programme, the focus now is on developing the project, which is due to go into full production in 2014. <br /><br />Bringing us up to speed with events will be chief executive Tim Coughlin when he joins us in London.<br /><br /><strong><a href="companies/overview/2131/Beacon+Hill+Resources" class="companyPopupTrigger" rel="2131">Beacon Hill Resources</a></strong> is one of AIMs most followed coal stocks. The flagship Minas Moatize operation began coking coal production last month. Located in the Tete region of Mozambique, near major infrastructure projects and iron ore mines, it has a lot of promise. <br /><br />Justin Lewis will be present in London to talk about the ramp-up and expansion of this exciting project. <br /><br /><strong><a href="companies/overview/9460/West+Kirkland+Mining" class="companyPopupTrigger" rel="9460">West Kirkland Mining</a></strong> has amassed over two dozen exploration properties in Nevada and Ontario as it looks to establish new opportunities in prolific gold districts. <br /><br />Its announcement earlier this month really caught the eye as it reported significant gold grades and high-grade silver credits from its TUG deposit in Nevada.<br /><br />It also said a new high priority target area named "12 Mile" has emerged in the Long Canyon trend. In 2012, West Kirkland has completed eight holes on the TUG property, extending the deposit a further 200 metres to the northwest.<br /><br />Knox Henderson will be present in London to talk UK investors through its prospective project portfolio. <br /><br /><strong><a href="companies/overview/9200/Simba+Energy" class="companyPopupTrigger" rel="9200">Simba Energy</a></strong> has a number of exciting opportunities in Africa and recent industry successes are making investors sit up and take notice of this junior explorer. <br /><br />Director Hassan Hassan will be presenting in Manchester to tell investors more about the group's projects, which are on the doorstep of high-profile ventures.</p> ]]></description>
<pubDate>Mon, 16 Apr 2012 15:15:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41514/one2one-in-manchester-dublin-see-caza-oil-gas-rathdowney-resources-simba-energy-longreach-oil-gas-and-strategic-natural-resources-41514.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Total Voting Rights ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120330snrp5019a/</link>
<description><![CDATA[]]></description>
<pubDate>Fri, 30 Mar 2012 15:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120330snrp5019a/</guid>
</item>
<item>
<title><![CDATA[Media files - Strategic Natural Resources has “huge potential” as a coal producer ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/stocktube/1091/strategic-natural-resources-has-huge-potential-as-a-coal-producer-1091.html</link>
<description><![CDATA[Jeremy Metcalfe, Communications Director at Strategic Natural Resources (<a href="/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>), tells Proactiveinvestors that with the 50 miles of drilling that’s been undertaken along the coal seams, which represents only five percent of the property, there’s a huge potential with “about 200mln tons of coal” discovered. Jeremy says that SNRP is poised to become a major force in South African mining.]]></description>
<pubDate>Wed, 28 Mar 2012 14:01:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/stocktube/1091/strategic-natural-resources-has-huge-potential-as-a-coal-producer-1091.html</guid>
</item>
<item>
<title><![CDATA[News - Strategic Natural Resources FD steps down as position moves to South Africa ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/40480/strategic-natural-resources-fd-steps-down-as-position-moves-to-south-africa-40480.html</link>
<description><![CDATA[<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>) has decided to move its finance function to its South African operating company Elitheni Coal Ltd and consequently, finance director Edward Cox has agreed to step down from his post with immediate effect.<br /><br />He will remain an employee of the company during the handover period.<br /><br />Today’s announcement follows the news earlier this month that it negotiated an £8 million cash injection that will take the 74 per cent-owned Elitheni coal mine in the Eastern Cape through to production.<br /><br />Family-owned private equity group Richardson Capital LLP is subscribing for 51 million new shares at 17 pence to give it a 29.98 per cent stake in the coal miner.<br /><br />Steel supplier and commodity trader Trasteel has an agreement to take all coal for export mined from Elitheni up to an initial 2 million tonnes.<br /><br />As part of the terms, Richardsons Capital can appoint a director to the Strategic Natural board.</p> ]]></description>
<pubDate>Tue, 20 Mar 2012 09:57:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/40480/strategic-natural-resources-fd-steps-down-as-position-moves-to-south-africa-40480.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Directorate Change ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120320snrp6484z/</link>
<description><![CDATA[]]></description>
<pubDate>Tue, 20 Mar 2012 07:00:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120320snrp6484z/</guid>
</item>
<item>
<title><![CDATA[RNS press release - Holding(s) in Company ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120316snrp5281z/</link>
<description><![CDATA[]]></description>
<pubDate>Fri, 16 Mar 2012 13:27:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120316snrp5281z/</guid>
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<item>
<title><![CDATA[RNS press release - Grant of Options ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120308snrp9277y/</link>
<description><![CDATA[]]></description>
<pubDate>Thu, 08 Mar 2012 07:00:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120308snrp9277y/</guid>
</item>
<item>
<title><![CDATA[News - Strategic Natural agrees £8 million share subscription with private equity firm ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/39897/strategic-natural-agrees-8-million-share-subscription-with-private-equity-firm-39897.html</link>
<description><![CDATA[<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> has negotiated an £8 million cash injection that will take its Elitheni coal mine in South Africa through to production.</p>]]></description>
<pubDate>Wed, 07 Mar 2012 07:31:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/39897/strategic-natural-agrees-8-million-share-subscription-with-private-equity-firm-39897.html</guid>
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<item>
<title><![CDATA[RNS press release - Issue of Equity ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120307snrp8222y/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 07 Mar 2012 07:00:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120307snrp8222y/</guid>
</item>
<item>
<title><![CDATA[News - Strategic Natural increases resources at Elitheni by a third ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/39268/strategic-natural-increases-resources-at-elitheni-by-a-third-39268.html</link>
<description><![CDATA[<p> </p>
<p>Coal miner <a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>) today upped the coal reserves estimates at Elitheni in South Africa by a third, but said it had still only explored a fraction of its acreage.</p>
<p>Based on work its phase 1-4 of Elitheni’s drilling areas, the firm said it had identified a further 53 million tonnes of coal resource to take to total to 203 million tonnes.</p>
<p>“The approximate 200 million tonne coal resource we now estimate exists on only 8,500 hectares, which is less than 5% of our total 184,000 hectare rights area, " said chief executive David Nel.</p>
<p>The latest estimate was an internal assessment and the firm has appointed Golder Associates to verify the extra coal, which consisted of 883,000 tonnes of measured resources, 21 million tonnes indicated and 31.8 million tonnes inferred.</p>
<p>Strategic Natural added it has started work on phase exploration at Elitheni, but given the size of the area at 119,000 hectares it has started by marking all outcrops and old shaft entrances.</p>
<p>So far, It has confirmed 14 outcrops and informally accessed shaft entrances on only 5 of the 299 farms in Phase 5.</p>
<p>Strategic Natural has a 74% stake in Elitheni Coal, which last year signed a local deal with government agency IDC to supply 70,000 tonnes of washed coal to a new bio-ethanol plant that will built in South Africa’s Eastern Cape.</p>
<p>The firm has also been involved in discussions with IDC about the funding of Elitheni, </p>
<p>It said today that it is still involved in active negotiation on the finalisation of its funding programme and is intent on finalising the best deal for all shareholders. </p>
<p>“The funding programme is being structured in order to allow SNR to deliver the first coal shipments to Trasteel by the middle of 2012. A further update on the funding programme will be made at the appropriate time,” it said.</p>
<p>Steel supplier and commodity trader Trasteel has an agreement to take all coal for export mined from SNR's Elitheni coal mine in the Eastern Cape up to an initial 2 million tonnes.</p>
<p>The first shipment under the contract will be loaded in June 2012, with 500,000 tonnes of coal scheduled to be shipped during the following twelve months.</p>
<p>At the time, Strategic Natural said the order represented less than 1% of the already proven Elitheni coal deposit of 150Mt.</p>
<p> </p> ]]></description>
<pubDate>Wed, 22 Feb 2012 07:49:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/39268/strategic-natural-increases-resources-at-elitheni-by-a-third-39268.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Resources Update ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120222snrp8579x/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 22 Feb 2012 07:00:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120222snrp8579x/</guid>
</item>
<item>
<title><![CDATA[News - Strategic Natural Resources updates on Elitheni development ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/38644/strategic-natural-resources-updates-on-elitheni-development-38644.html</link>
<description><![CDATA[<p><a href="http://proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>) gave an update today about the funding of its Elitheni coal mine.<br /><br />The firm noted the "statement made by the CEO of the Industrial Development Corporation of South Africa (IDC) at the weekend", which "confirmed that the IDC would be funding the development of SNR's 74 per cent owned subsidiary, Elitheni Coal (Pty) Ltd".<br /><br />Today, in a statement to the stock exchange, <a href="http://proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> said: "SNR confirms that, whilst it is in discussions with the IDC, these discussions remain on-going and form part of SNR's wider discussions with other parties in relation to finalising its funding needs."<br /><br />It added that further announcements would be made at an appropriate time.<br /><br />In December last year, the company announced a deal for selling coal from the mine.<br /><br />The agreement was signed between Elitheni Coal (Pty) Ltd and government agency - IDC.<br /><br />Elitheni will supply 70,000 tonnes of coal each year to a bio-ethanol plant that will built in South Africa’s Eastern Cape. The plant will produce its own power fuelled by Elitheni's coal, SNR said. The shipments are expected to start in 2013.<br /><br />A government backed finance institution, named the Industrial Development Corporation, is fully funding the bio-ethanol project, the firm had said.<br /><br />The supply agreement has an initial term of 20 years and during this time Elitheni would provide a total of 1.4 million tonnes of coal to the plant.<br /><br />The coal will be sold at a fixed price, although it will be increased with inflation linked to South Africa's producer price index, the company said.</p> ]]></description>
<pubDate>Mon, 06 Feb 2012 12:06:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/38644/strategic-natural-resources-updates-on-elitheni-development-38644.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Statement regarding IDC ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120206snrp8539w/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 06 Feb 2012 11:10:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120206snrp8539w/</guid>
</item>
<item>
<title><![CDATA[RNS press release - Change of Broker ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120104snrp0140v/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 04 Jan 2012 17:10:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120104snrp0140v/</guid>
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<item>
<title><![CDATA[News - Strategic Natural Resources advance on coal supply deal in South Africa ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/36958/strategic-natural-resources-advance-on-coal-supply-deal-in-south-africa--36958.html</link>
<description><![CDATA[<p>
<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> (<a href="/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>) shares advanced around 6 per cent this morning with the news of a new deal to sell coal from the Elitheni coal mine.</p>
<p>The agreement was signed between SNR’s 74 per cent owned associate Elitheni Coal (Pty) Ltd and a government agency.</p>
<p>Elitheni will supply 70,000 tonnes of coal each year to a bio-ethanol plant that will built in South Africa’s Eastern Cape. The plant will produce its own power fuelled by Elitheni's coal, SNR said.</p>
<p>The shipments are expected to start in 2013.</p>
<p>A government backed finance institution, called the Industrial Development Corporation, is fully funding the bio-ethanol project.</p>
<p>"We are delighted to be a part of this IDC funded project,” said chief executive David Nel. </p>
<p>“Supplying our coal to local industry is a strategy we as a company have considered to be viable for a long time and it is encouraging to see our endeavours come to fruition after a great deal of interaction with the IDC.”</p>
<p>“Although Elitheni will primarily be an export mine, given its significant reserves, the company will continue to work with local industry with the aim of supplying coal for use in industrial steam and power production." </p>
<p>The supply agreement has an initial term of 20 years and during this time Elitheni would provide a total of 1.4 million tonnes of coal to the plant.</p>
<p>The coal will be sold at a fixed price, although it will be increased with inflation linked to South Africa's producer price index. </p>
</p> ]]></description>
<pubDate>Wed, 14 Dec 2011 10:42:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/36958/strategic-natural-resources-advance-on-coal-supply-deal-in-south-africa--36958.html</guid>
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<item>
<title><![CDATA[News - Strategic Natural Resources on track to deliver first coal orders by spring ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/36193/strategic-natural-resources-on-track-to-deliver-first-coal-orders-by-spring-36193.html</link>
<description><![CDATA[<p>Shares in <a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>) improved a little in early trading today after the South Africa-focused coal miner said that it remained on schedule to deliver its first orders by the spring of next year.</p>
<p>By 9:10am shares in the firm were up 3.3 per cent at 12.65 pence each after the firm reported results for the six months to the end of August.<br /><br />In its results statement it said that it had developed a mining plan to that would ensure the most cost-effective way to deliver against its first orders and that opencast workings have been targeted for full production by February 2012, with underground workings to begin in April.</p>
<p>Current negotiations with suppliers of washing plants have led the firm to expect that a 150 tonne per hour module will be commissioned by the end of April, which will allow it more than enough time to begin shipping ‘beneficiated’ (higher grade) coal by June.</p>
<p>The firm has also signed a memorandum of understanding with a private rail company to provide the rail services and rolling stock necessary to begin rail operations to the ports of East London and Coega. In addition to its initial export order, the firm is in discussions with third parties regarding further off-take of coal on a long-term baisis.</p>
<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> added that around 100 holes have been drilled since May 2011, with more than half of these yielding coal. Drilling is planned to begin in January.</p>
<p>“SNR have made further significant progress in the last six months towards contracting out the mining operations and sourcing plant and equipment,” said David Nel, <a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a>’ chief executive officer. “We remain confident we will be able to deliver our first orders on schedule and we anticipate being able to update our competent persons report (CPR) in Q1 of 2012 and will update our resource statement at that time.”</p>
<p>During its first half of its 2012 financial year, the firm made a loss of £975,000 (H1 2011: £470,000).</p> ]]></description>
<pubDate>Mon, 28 Nov 2011 09:57:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/36193/strategic-natural-resources-on-track-to-deliver-first-coal-orders-by-spring-36193.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Unaudited interims for 6 months ended 31 Aug 2011 ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/111128snrp8433s/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 28 Nov 2011 07:00:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/111128snrp8433s/</guid>
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"id" => "42515",
"title" => "News - Strategic Natural Resources begins mining at Elitheni; forms new JV company with Trasteel",
"pubdate" => "2012-05-09 07:34:00",
"seftitle" => "strategic-natural-resources-begins-mining-at-elitheni-forms-new-jv-company-with-trasteel-42515.html",
"description" => "<p>Strategic Natural Resources today announced a strengthening of its agreement with commodity trader Trasteel International - with the formation of a new joint venture marketing company.</p>",
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"description" => "30.04.12: +2.38, (32.63) Press: Strategic Natural Resources rose on hopes it would soon announce an updated resource estimate for its Elitheni coal mine in South Africa, which is expected to reach full production by the end of May. Source - Financial Times",
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"id" => "41514",
"title" => "News - One2One in Manchester & Dublin: See Caza Oil & Gas, Rathdowney Resources, Simba Energy, Longreach Oil & Gas and Strategic Natural Resources",
"pubdate" => "2012-04-16 15:15:00",
"seftitle" => "one2one-in-manchester-dublin-see-caza-oil-gas-rathdowney-resources-simba-energy-longreach-oil-gas-and-strategic-natural-resources-41514.html",
"description" => "<p><strong>Proactive Investors takes the show on the road again next week with presentations in Dublin on Tuesday (April 24) and Manchester on Thursday (April 26), with the obligatory London forum sandwiched in between. <br /><br />In all we have eight growth companies presenting – each with a very interesting story to tell.<br /><br />There are updates from <a href="companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a>, <a href="companies/overview/297/Caza+Oil+%26amp%3B+Gas" class="companyPopupTrigger" rel="297">Caza Oil & Gas</a>, <a href="companies/overview/9309/Rathdowney+Resources" class="companyPopupTrigger" rel="9309">Rathdowney Resources</a> and Longreach Oil & Gas as well as presentations from <a href="companies/overview/5775/Lydian+International" class="companyPopupTrigger" rel="5775">Lydian International</a>, <a href="companies/overview/2131/Beacon+Hill+Resources" class="companyPopupTrigger" rel="2131">Beacon Hill Resources</a>, <a href="companies/overview/9460/West+Kirkland+Mining" class="companyPopupTrigger" rel="9460">West Kirkland Mining</a> and <a href="companies/overview/9200/Simba+Energy" class="companyPopupTrigger" rel="9200">Simba Energy</a>.<br /><br />Each has attracted an incredible amount of interest. So if you haven’t signed up already, you really need to do so soon to avoid disappointment. </strong></p>
<p><strong><a href="register/event_details/143">Please click here to register for the DUBLIN event.</a></strong></p>
<p><strong><a href="register/event_details/144">Please click here to register for the LONDON event.</a></strong> </p>
<p><a href="register/event_details/146"><strong>Please click here to register for the MANCHESTER event.</strong></a><br /><br />A recent funding and separate coal sales deal sets up the <strong><a href="companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a>’</strong> Elitheni coal project through to the start of production. <br /><br />Family-owned Richardson Capital ploughed £8 million into the group, giving it a 29.9 per cent stake. <br /><br />"The finalisation of this negotiation is the culmination of many months of work identifying and negotiating with prospective investors,” boss David Nel said recently.<br /><br />Separately steel supplier and commodity trader Trasteel has agreed to take export coal mined from Elitheni, which is in South Africa’s Eastern Cape, up to an initial 2 million tonnes.<br /><br />Director Jeremy Metcalfe will talk investors in Dublin and Manchester through the group's prospects as it moves through the development phase whilst maintaining a keen eye on exploration. <br /><br />A strong end to a topsy-turvy 2011 saw a reserves and production increase by over 35 per cent at <strong><a href="companies/overview/297/Caza+Oil+%26amp%3B+Gas" class="companyPopupTrigger" rel="297">Caza Oil & Gas</a></strong>. <br /><br />Well-funded, it has the financial wherewithal to bankroll its drilling aspirations. <br />Work is already underway on the Sombrero prospect in Lea County, New Mexico, where it has a 20 per cent stake. <br /><br />But this is just one of a number of exciting developments this year. <br />Bringing us bang up to date will be chief executive Mike Ford, who will be in Dublin, London and Manchester.<br /><br />City firm Collins Stewart rates Vancouver headquartered <strong><a href="companies/overview/9309/Rathdowney+Resources" class="companyPopupTrigger" rel="9309">Rathdowney Resources</a></strong> as the standout stock among junior zinc explorers. <br /><br />The Euro-centred Canadian firm is developing the Olza project in Southern Poland as well as exploring Ireland, with assets in Cork, Westmeath, Laois, Meath and Galway. <br /><br />"We view Rathdowney as a technically sound, low risk, relatively low capital intensity zinc play, located in an investor friendly jurisdiction with excellent infrastructure and existing smelting facilities nearby," said Collins Stewart analyst Andrei Kroupnik.<br /><br />Joining us in Dublin to tell us more about the company and its prospects will be chief executive John Barry.<br /><br />As one of the early entrants into Morocco,<strong> Longreach Oil and Gas </strong>already has an impressive landholding in what is quickly becoming a hot-spot for exploration. <br /><br />In Dublin, Andrew Benitz will share with investors his view on what he believes to be the “last under-explored basin in North Africa”.<br /><br />Regular attendees will already know plenty about <strong><a href="companies/overview/5775/Lydian+International" class="companyPopupTrigger" rel="5775">Lydian International</a>'s</strong> exciting Amulsar gold project in Armenia. <br /><br />In January, Lydian reported a major resource upgrade at the project. It gave Amulsar a further 700,000 ounces of gold and took total resources to 3.2 million ounces.<br />After a major drilling programme, the focus now is on developing the project, which is due to go into full production in 2014. <br /><br />Bringing us up to speed with events will be chief executive Tim Coughlin when he joins us in London.<br /><br /><strong><a href="companies/overview/2131/Beacon+Hill+Resources" class="companyPopupTrigger" rel="2131">Beacon Hill Resources</a></strong> is one of AIMs most followed coal stocks. The flagship Minas Moatize operation began coking coal production last month. Located in the Tete region of Mozambique, near major infrastructure projects and iron ore mines, it has a lot of promise. <br /><br />Justin Lewis will be present in London to talk about the ramp-up and expansion of this exciting project. <br /><br /><strong><a href="companies/overview/9460/West+Kirkland+Mining" class="companyPopupTrigger" rel="9460">West Kirkland Mining</a></strong> has amassed over two dozen exploration properties in Nevada and Ontario as it looks to establish new opportunities in prolific gold districts. <br /><br />Its announcement earlier this month really caught the eye as it reported significant gold grades and high-grade silver credits from its TUG deposit in Nevada.<br /><br />It also said a new high priority target area named "12 Mile" has emerged in the Long Canyon trend. In 2012, West Kirkland has completed eight holes on the TUG property, extending the deposit a further 200 metres to the northwest.<br /><br />Knox Henderson will be present in London to talk UK investors through its prospective project portfolio. <br /><br /><strong><a href="companies/overview/9200/Simba+Energy" class="companyPopupTrigger" rel="9200">Simba Energy</a></strong> has a number of exciting opportunities in Africa and recent industry successes are making investors sit up and take notice of this junior explorer. <br /><br />Director Hassan Hassan will be presenting in Manchester to tell investors more about the group's projects, which are on the doorstep of high-profile ventures.</p> ",
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"title" => "Media files - Strategic Natural Resources has “huge potential” as a coal producer",
"pubdate" => "2012-03-28 14:01:00",
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"title" => "News - Strategic Natural Resources FD steps down as position moves to South Africa",
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"description" => "<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>) has decided to move its finance function to its South African operating company Elitheni Coal Ltd and consequently, finance director Edward Cox has agreed to step down from his post with immediate effect.<br /><br />He will remain an employee of the company during the handover period.<br /><br />Today’s announcement follows the news earlier this month that it negotiated an £8 million cash injection that will take the 74 per cent-owned Elitheni coal mine in the Eastern Cape through to production.<br /><br />Family-owned private equity group Richardson Capital LLP is subscribing for 51 million new shares at 17 pence to give it a 29.98 per cent stake in the coal miner.<br /><br />Steel supplier and commodity trader Trasteel has an agreement to take all coal for export mined from Elitheni up to an initial 2 million tonnes.<br /><br />As part of the terms, Richardsons Capital can appoint a director to the Strategic Natural board.</p> ",
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"title" => "RNS press release - Directorate Change",
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"title" => "RNS press release - Grant of Options",
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"title" => "News - Strategic Natural agrees £8 million share subscription with private equity firm",
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"id" => "39268",
"title" => "News - Strategic Natural increases resources at Elitheni by a third",
"pubdate" => "2012-02-22 07:49:00",
"seftitle" => "strategic-natural-increases-resources-at-elitheni-by-a-third-39268.html",
"description" => "<p> </p>
<p>Coal miner <a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>) today upped the coal reserves estimates at Elitheni in South Africa by a third, but said it had still only explored a fraction of its acreage.</p>
<p>Based on work its phase 1-4 of Elitheni’s drilling areas, the firm said it had identified a further 53 million tonnes of coal resource to take to total to 203 million tonnes.</p>
<p>“The approximate 200 million tonne coal resource we now estimate exists on only 8,500 hectares, which is less than 5% of our total 184,000 hectare rights area, " said chief executive David Nel.</p>
<p>The latest estimate was an internal assessment and the firm has appointed Golder Associates to verify the extra coal, which consisted of 883,000 tonnes of measured resources, 21 million tonnes indicated and 31.8 million tonnes inferred.</p>
<p>Strategic Natural added it has started work on phase exploration at Elitheni, but given the size of the area at 119,000 hectares it has started by marking all outcrops and old shaft entrances.</p>
<p>So far, It has confirmed 14 outcrops and informally accessed shaft entrances on only 5 of the 299 farms in Phase 5.</p>
<p>Strategic Natural has a 74% stake in Elitheni Coal, which last year signed a local deal with government agency IDC to supply 70,000 tonnes of washed coal to a new bio-ethanol plant that will built in South Africa’s Eastern Cape.</p>
<p>The firm has also been involved in discussions with IDC about the funding of Elitheni, </p>
<p>It said today that it is still involved in active negotiation on the finalisation of its funding programme and is intent on finalising the best deal for all shareholders. </p>
<p>“The funding programme is being structured in order to allow SNR to deliver the first coal shipments to Trasteel by the middle of 2012. A further update on the funding programme will be made at the appropriate time,” it said.</p>
<p>Steel supplier and commodity trader Trasteel has an agreement to take all coal for export mined from SNR's Elitheni coal mine in the Eastern Cape up to an initial 2 million tonnes.</p>
<p>The first shipment under the contract will be loaded in June 2012, with 500,000 tonnes of coal scheduled to be shipped during the following twelve months.</p>
<p>At the time, Strategic Natural said the order represented less than 1% of the already proven Elitheni coal deposit of 150Mt.</p>
<p> </p> ",
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"title" => "RNS press release - Resources Update",
"pubdate" => "2012-02-22 07:00:00",
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"id" => "38644",
"title" => "News - Strategic Natural Resources updates on Elitheni development",
"pubdate" => "2012-02-06 12:06:00",
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"description" => "<p><a href="http://proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>) gave an update today about the funding of its Elitheni coal mine.<br /><br />The firm noted the "statement made by the CEO of the Industrial Development Corporation of South Africa (IDC) at the weekend", which "confirmed that the IDC would be funding the development of SNR's 74 per cent owned subsidiary, Elitheni Coal (Pty) Ltd".<br /><br />Today, in a statement to the stock exchange, <a href="http://proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> said: "SNR confirms that, whilst it is in discussions with the IDC, these discussions remain on-going and form part of SNR's wider discussions with other parties in relation to finalising its funding needs."<br /><br />It added that further announcements would be made at an appropriate time.<br /><br />In December last year, the company announced a deal for selling coal from the mine.<br /><br />The agreement was signed between Elitheni Coal (Pty) Ltd and government agency - IDC.<br /><br />Elitheni will supply 70,000 tonnes of coal each year to a bio-ethanol plant that will built in South Africa’s Eastern Cape. The plant will produce its own power fuelled by Elitheni's coal, SNR said. The shipments are expected to start in 2013.<br /><br />A government backed finance institution, named the Industrial Development Corporation, is fully funding the bio-ethanol project, the firm had said.<br /><br />The supply agreement has an initial term of 20 years and during this time Elitheni would provide a total of 1.4 million tonnes of coal to the plant.<br /><br />The coal will be sold at a fixed price, although it will be increased with inflation linked to South Africa's producer price index, the company said.</p> ",
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"title" => "RNS press release - Statement regarding IDC",
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"id" => "120104snrp0140v",
"title" => "RNS press release - Change of Broker",
"pubdate" => "2012-01-04 17:10:00",
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array(
"id" => "36958",
"title" => "News - Strategic Natural Resources advance on coal supply deal in South Africa ",
"pubdate" => "2011-12-14 10:42:00",
"seftitle" => "strategic-natural-resources-advance-on-coal-supply-deal-in-south-africa--36958.html",
"description" => "<p>
<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> (<a href="/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>) shares advanced around 6 per cent this morning with the news of a new deal to sell coal from the Elitheni coal mine.</p>
<p>The agreement was signed between SNR’s 74 per cent owned associate Elitheni Coal (Pty) Ltd and a government agency.</p>
<p>Elitheni will supply 70,000 tonnes of coal each year to a bio-ethanol plant that will built in South Africa’s Eastern Cape. The plant will produce its own power fuelled by Elitheni's coal, SNR said.</p>
<p>The shipments are expected to start in 2013.</p>
<p>A government backed finance institution, called the Industrial Development Corporation, is fully funding the bio-ethanol project.</p>
<p>"We are delighted to be a part of this IDC funded project,” said chief executive David Nel. </p>
<p>“Supplying our coal to local industry is a strategy we as a company have considered to be viable for a long time and it is encouraging to see our endeavours come to fruition after a great deal of interaction with the IDC.”</p>
<p>“Although Elitheni will primarily be an export mine, given its significant reserves, the company will continue to work with local industry with the aim of supplying coal for use in industrial steam and power production." </p>
<p>The supply agreement has an initial term of 20 years and during this time Elitheni would provide a total of 1.4 million tonnes of coal to the plant.</p>
<p>The coal will be sold at a fixed price, although it will be increased with inflation linked to South Africa's producer price index. </p>
</p> ",
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"id" => "36193",
"title" => "News - Strategic Natural Resources on track to deliver first coal orders by spring",
"pubdate" => "2011-11-28 09:57:00",
"seftitle" => "strategic-natural-resources-on-track-to-deliver-first-coal-orders-by-spring-36193.html",
"description" => "<p>Shares in <a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>) improved a little in early trading today after the South Africa-focused coal miner said that it remained on schedule to deliver its first orders by the spring of next year.</p>
<p>By 9:10am shares in the firm were up 3.3 per cent at 12.65 pence each after the firm reported results for the six months to the end of August.<br /><br />In its results statement it said that it had developed a mining plan to that would ensure the most cost-effective way to deliver against its first orders and that opencast workings have been targeted for full production by February 2012, with underground workings to begin in April.</p>
<p>Current negotiations with suppliers of washing plants have led the firm to expect that a 150 tonne per hour module will be commissioned by the end of April, which will allow it more than enough time to begin shipping ‘beneficiated’ (higher grade) coal by June.</p>
<p>The firm has also signed a memorandum of understanding with a private rail company to provide the rail services and rolling stock necessary to begin rail operations to the ports of East London and Coega. In addition to its initial export order, the firm is in discussions with third parties regarding further off-take of coal on a long-term baisis.</p>
<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> added that around 100 holes have been drilled since May 2011, with more than half of these yielding coal. Drilling is planned to begin in January.</p>
<p>“SNR have made further significant progress in the last six months towards contracting out the mining operations and sourcing plant and equipment,” said David Nel, <a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a>’ chief executive officer. “We remain confident we will be able to deliver our first orders on schedule and we anticipate being able to update our competent persons report (CPR) in Q1 of 2012 and will update our resource statement at that time.”</p>
<p>During its first half of its 2012 financial year, the firm made a loss of £975,000 (H1 2011: £470,000).</p> ",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/36193/strategic-natural-resources-on-track-to-deliver-first-coal-orders-by-spring-36193.html"
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<title><![CDATA[News - Strategic Natural Resources begins mining at Elitheni; forms new JV company with Trasteel ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/42515/strategic-natural-resources-begins-mining-at-elitheni-forms-new-jv-company-with-trasteel-42515.html</link>
<description><![CDATA[<p>Strategic Natural Resources today announced a strengthening of its agreement with commodity trader Trasteel International - with the formation of a new joint venture marketing company.</p>]]></description>
<pubDate>Wed, 09 May 2012 07:34:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/42515/strategic-natural-resources-begins-mining-at-elitheni-forms-new-jv-company-with-trasteel-42515.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - JV, commencement of mining and operational update ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120509snrp9078c/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 09 May 2012 07:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120509snrp9078c/</guid>
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<item>
<title><![CDATA[Broker press ]]></title>
<link></link>
<description><![CDATA[30.04.12: +2.38, (32.63) Press: Strategic Natural Resources rose on hopes it would soon announce an updated resource estimate for its Elitheni coal mine in South Africa, which is expected to reach full production by the end of May. Source - Financial Times]]></description>
<pubDate>Mon, 30 Apr 2012 00:00:00 +0100</pubDate>
<guid></guid>
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<item>
<title><![CDATA[News - One2One in Manchester & Dublin: See Caza Oil & Gas, Rathdowney Resources, Simba Energy, Longreach Oil & Gas and Strategic Natural Resources ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41514/one2one-in-manchester-dublin-see-caza-oil-gas-rathdowney-resources-simba-energy-longreach-oil-gas-and-strategic-natural-resources-41514.html</link>
<description><![CDATA[<p><strong>Proactive Investors takes the show on the road again next week with presentations in Dublin on Tuesday (April 24) and Manchester on Thursday (April 26), with the obligatory London forum sandwiched in between. <br /><br />In all we have eight growth companies presenting – each with a very interesting story to tell.<br /><br />There are updates from <a href="companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a>, <a href="companies/overview/297/Caza+Oil+%26amp%3B+Gas" class="companyPopupTrigger" rel="297">Caza Oil & Gas</a>, <a href="companies/overview/9309/Rathdowney+Resources" class="companyPopupTrigger" rel="9309">Rathdowney Resources</a> and Longreach Oil & Gas as well as presentations from <a href="companies/overview/5775/Lydian+International" class="companyPopupTrigger" rel="5775">Lydian International</a>, <a href="companies/overview/2131/Beacon+Hill+Resources" class="companyPopupTrigger" rel="2131">Beacon Hill Resources</a>, <a href="companies/overview/9460/West+Kirkland+Mining" class="companyPopupTrigger" rel="9460">West Kirkland Mining</a> and <a href="companies/overview/9200/Simba+Energy" class="companyPopupTrigger" rel="9200">Simba Energy</a>.<br /><br />Each has attracted an incredible amount of interest. So if you haven’t signed up already, you really need to do so soon to avoid disappointment. </strong></p>
<p><strong><a href="register/event_details/143">Please click here to register for the DUBLIN event.</a></strong></p>
<p><strong><a href="register/event_details/144">Please click here to register for the LONDON event.</a></strong> </p>
<p><a href="register/event_details/146"><strong>Please click here to register for the MANCHESTER event.</strong></a><br /><br />A recent funding and separate coal sales deal sets up the <strong><a href="companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a>’</strong> Elitheni coal project through to the start of production. <br /><br />Family-owned Richardson Capital ploughed £8 million into the group, giving it a 29.9 per cent stake. <br /><br />"The finalisation of this negotiation is the culmination of many months of work identifying and negotiating with prospective investors,” boss David Nel said recently.<br /><br />Separately steel supplier and commodity trader Trasteel has agreed to take export coal mined from Elitheni, which is in South Africa’s Eastern Cape, up to an initial 2 million tonnes.<br /><br />Director Jeremy Metcalfe will talk investors in Dublin and Manchester through the group's prospects as it moves through the development phase whilst maintaining a keen eye on exploration. <br /><br />A strong end to a topsy-turvy 2011 saw a reserves and production increase by over 35 per cent at <strong><a href="companies/overview/297/Caza+Oil+%26amp%3B+Gas" class="companyPopupTrigger" rel="297">Caza Oil & Gas</a></strong>. <br /><br />Well-funded, it has the financial wherewithal to bankroll its drilling aspirations. <br />Work is already underway on the Sombrero prospect in Lea County, New Mexico, where it has a 20 per cent stake. <br /><br />But this is just one of a number of exciting developments this year. <br />Bringing us bang up to date will be chief executive Mike Ford, who will be in Dublin, London and Manchester.<br /><br />City firm Collins Stewart rates Vancouver headquartered <strong><a href="companies/overview/9309/Rathdowney+Resources" class="companyPopupTrigger" rel="9309">Rathdowney Resources</a></strong> as the standout stock among junior zinc explorers. <br /><br />The Euro-centred Canadian firm is developing the Olza project in Southern Poland as well as exploring Ireland, with assets in Cork, Westmeath, Laois, Meath and Galway. <br /><br />"We view Rathdowney as a technically sound, low risk, relatively low capital intensity zinc play, located in an investor friendly jurisdiction with excellent infrastructure and existing smelting facilities nearby," said Collins Stewart analyst Andrei Kroupnik.<br /><br />Joining us in Dublin to tell us more about the company and its prospects will be chief executive John Barry.<br /><br />As one of the early entrants into Morocco,<strong> Longreach Oil and Gas </strong>already has an impressive landholding in what is quickly becoming a hot-spot for exploration. <br /><br />In Dublin, Andrew Benitz will share with investors his view on what he believes to be the “last under-explored basin in North Africa”.<br /><br />Regular attendees will already know plenty about <strong><a href="companies/overview/5775/Lydian+International" class="companyPopupTrigger" rel="5775">Lydian International</a>'s</strong> exciting Amulsar gold project in Armenia. <br /><br />In January, Lydian reported a major resource upgrade at the project. It gave Amulsar a further 700,000 ounces of gold and took total resources to 3.2 million ounces.<br />After a major drilling programme, the focus now is on developing the project, which is due to go into full production in 2014. <br /><br />Bringing us up to speed with events will be chief executive Tim Coughlin when he joins us in London.<br /><br /><strong><a href="companies/overview/2131/Beacon+Hill+Resources" class="companyPopupTrigger" rel="2131">Beacon Hill Resources</a></strong> is one of AIMs most followed coal stocks. The flagship Minas Moatize operation began coking coal production last month. Located in the Tete region of Mozambique, near major infrastructure projects and iron ore mines, it has a lot of promise. <br /><br />Justin Lewis will be present in London to talk about the ramp-up and expansion of this exciting project. <br /><br /><strong><a href="companies/overview/9460/West+Kirkland+Mining" class="companyPopupTrigger" rel="9460">West Kirkland Mining</a></strong> has amassed over two dozen exploration properties in Nevada and Ontario as it looks to establish new opportunities in prolific gold districts. <br /><br />Its announcement earlier this month really caught the eye as it reported significant gold grades and high-grade silver credits from its TUG deposit in Nevada.<br /><br />It also said a new high priority target area named "12 Mile" has emerged in the Long Canyon trend. In 2012, West Kirkland has completed eight holes on the TUG property, extending the deposit a further 200 metres to the northwest.<br /><br />Knox Henderson will be present in London to talk UK investors through its prospective project portfolio. <br /><br /><strong><a href="companies/overview/9200/Simba+Energy" class="companyPopupTrigger" rel="9200">Simba Energy</a></strong> has a number of exciting opportunities in Africa and recent industry successes are making investors sit up and take notice of this junior explorer. <br /><br />Director Hassan Hassan will be presenting in Manchester to tell investors more about the group's projects, which are on the doorstep of high-profile ventures.</p> ]]></description>
<pubDate>Mon, 16 Apr 2012 15:15:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41514/one2one-in-manchester-dublin-see-caza-oil-gas-rathdowney-resources-simba-energy-longreach-oil-gas-and-strategic-natural-resources-41514.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Total Voting Rights ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120330snrp5019a/</link>
<description><![CDATA[]]></description>
<pubDate>Fri, 30 Mar 2012 15:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120330snrp5019a/</guid>
</item>
<item>
<title><![CDATA[Media files - Strategic Natural Resources has “huge potential” as a coal producer ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/stocktube/1091/strategic-natural-resources-has-huge-potential-as-a-coal-producer-1091.html</link>
<description><![CDATA[Jeremy Metcalfe, Communications Director at Strategic Natural Resources (<a href="/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>), tells Proactiveinvestors that with the 50 miles of drilling that’s been undertaken along the coal seams, which represents only five percent of the property, there’s a huge potential with “about 200mln tons of coal” discovered. Jeremy says that SNRP is poised to become a major force in South African mining.]]></description>
<pubDate>Wed, 28 Mar 2012 14:01:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/stocktube/1091/strategic-natural-resources-has-huge-potential-as-a-coal-producer-1091.html</guid>
</item>
<item>
<title><![CDATA[News - Strategic Natural Resources FD steps down as position moves to South Africa ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/40480/strategic-natural-resources-fd-steps-down-as-position-moves-to-south-africa-40480.html</link>
<description><![CDATA[<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>) has decided to move its finance function to its South African operating company Elitheni Coal Ltd and consequently, finance director Edward Cox has agreed to step down from his post with immediate effect.<br /><br />He will remain an employee of the company during the handover period.<br /><br />Today’s announcement follows the news earlier this month that it negotiated an £8 million cash injection that will take the 74 per cent-owned Elitheni coal mine in the Eastern Cape through to production.<br /><br />Family-owned private equity group Richardson Capital LLP is subscribing for 51 million new shares at 17 pence to give it a 29.98 per cent stake in the coal miner.<br /><br />Steel supplier and commodity trader Trasteel has an agreement to take all coal for export mined from Elitheni up to an initial 2 million tonnes.<br /><br />As part of the terms, Richardsons Capital can appoint a director to the Strategic Natural board.</p> ]]></description>
<pubDate>Tue, 20 Mar 2012 09:57:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/40480/strategic-natural-resources-fd-steps-down-as-position-moves-to-south-africa-40480.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Directorate Change ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120320snrp6484z/</link>
<description><![CDATA[]]></description>
<pubDate>Tue, 20 Mar 2012 07:00:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120320snrp6484z/</guid>
</item>
<item>
<title><![CDATA[RNS press release - Holding(s) in Company ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120316snrp5281z/</link>
<description><![CDATA[]]></description>
<pubDate>Fri, 16 Mar 2012 13:27:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120316snrp5281z/</guid>
</item>
<item>
<title><![CDATA[RNS press release - Grant of Options ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120308snrp9277y/</link>
<description><![CDATA[]]></description>
<pubDate>Thu, 08 Mar 2012 07:00:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120308snrp9277y/</guid>
</item>
<item>
<title><![CDATA[News - Strategic Natural agrees £8 million share subscription with private equity firm ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/39897/strategic-natural-agrees-8-million-share-subscription-with-private-equity-firm-39897.html</link>
<description><![CDATA[<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> has negotiated an £8 million cash injection that will take its Elitheni coal mine in South Africa through to production.</p>]]></description>
<pubDate>Wed, 07 Mar 2012 07:31:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/39897/strategic-natural-agrees-8-million-share-subscription-with-private-equity-firm-39897.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Issue of Equity ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120307snrp8222y/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 07 Mar 2012 07:00:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120307snrp8222y/</guid>
</item>
<item>
<title><![CDATA[News - Strategic Natural increases resources at Elitheni by a third ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/39268/strategic-natural-increases-resources-at-elitheni-by-a-third-39268.html</link>
<description><![CDATA[<p> </p>
<p>Coal miner <a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>) today upped the coal reserves estimates at Elitheni in South Africa by a third, but said it had still only explored a fraction of its acreage.</p>
<p>Based on work its phase 1-4 of Elitheni’s drilling areas, the firm said it had identified a further 53 million tonnes of coal resource to take to total to 203 million tonnes.</p>
<p>“The approximate 200 million tonne coal resource we now estimate exists on only 8,500 hectares, which is less than 5% of our total 184,000 hectare rights area, " said chief executive David Nel.</p>
<p>The latest estimate was an internal assessment and the firm has appointed Golder Associates to verify the extra coal, which consisted of 883,000 tonnes of measured resources, 21 million tonnes indicated and 31.8 million tonnes inferred.</p>
<p>Strategic Natural added it has started work on phase exploration at Elitheni, but given the size of the area at 119,000 hectares it has started by marking all outcrops and old shaft entrances.</p>
<p>So far, It has confirmed 14 outcrops and informally accessed shaft entrances on only 5 of the 299 farms in Phase 5.</p>
<p>Strategic Natural has a 74% stake in Elitheni Coal, which last year signed a local deal with government agency IDC to supply 70,000 tonnes of washed coal to a new bio-ethanol plant that will built in South Africa’s Eastern Cape.</p>
<p>The firm has also been involved in discussions with IDC about the funding of Elitheni, </p>
<p>It said today that it is still involved in active negotiation on the finalisation of its funding programme and is intent on finalising the best deal for all shareholders. </p>
<p>“The funding programme is being structured in order to allow SNR to deliver the first coal shipments to Trasteel by the middle of 2012. A further update on the funding programme will be made at the appropriate time,” it said.</p>
<p>Steel supplier and commodity trader Trasteel has an agreement to take all coal for export mined from SNR's Elitheni coal mine in the Eastern Cape up to an initial 2 million tonnes.</p>
<p>The first shipment under the contract will be loaded in June 2012, with 500,000 tonnes of coal scheduled to be shipped during the following twelve months.</p>
<p>At the time, Strategic Natural said the order represented less than 1% of the already proven Elitheni coal deposit of 150Mt.</p>
<p> </p> ]]></description>
<pubDate>Wed, 22 Feb 2012 07:49:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/39268/strategic-natural-increases-resources-at-elitheni-by-a-third-39268.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Resources Update ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120222snrp8579x/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 22 Feb 2012 07:00:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120222snrp8579x/</guid>
</item>
<item>
<title><![CDATA[News - Strategic Natural Resources updates on Elitheni development ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/38644/strategic-natural-resources-updates-on-elitheni-development-38644.html</link>
<description><![CDATA[<p><a href="http://proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>) gave an update today about the funding of its Elitheni coal mine.<br /><br />The firm noted the "statement made by the CEO of the Industrial Development Corporation of South Africa (IDC) at the weekend", which "confirmed that the IDC would be funding the development of SNR's 74 per cent owned subsidiary, Elitheni Coal (Pty) Ltd".<br /><br />Today, in a statement to the stock exchange, <a href="http://proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> said: "SNR confirms that, whilst it is in discussions with the IDC, these discussions remain on-going and form part of SNR's wider discussions with other parties in relation to finalising its funding needs."<br /><br />It added that further announcements would be made at an appropriate time.<br /><br />In December last year, the company announced a deal for selling coal from the mine.<br /><br />The agreement was signed between Elitheni Coal (Pty) Ltd and government agency - IDC.<br /><br />Elitheni will supply 70,000 tonnes of coal each year to a bio-ethanol plant that will built in South Africa’s Eastern Cape. The plant will produce its own power fuelled by Elitheni's coal, SNR said. The shipments are expected to start in 2013.<br /><br />A government backed finance institution, named the Industrial Development Corporation, is fully funding the bio-ethanol project, the firm had said.<br /><br />The supply agreement has an initial term of 20 years and during this time Elitheni would provide a total of 1.4 million tonnes of coal to the plant.<br /><br />The coal will be sold at a fixed price, although it will be increased with inflation linked to South Africa's producer price index, the company said.</p> ]]></description>
<pubDate>Mon, 06 Feb 2012 12:06:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/38644/strategic-natural-resources-updates-on-elitheni-development-38644.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Statement regarding IDC ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120206snrp8539w/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 06 Feb 2012 11:10:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120206snrp8539w/</guid>
</item>
<item>
<title><![CDATA[RNS press release - Change of Broker ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120104snrp0140v/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 04 Jan 2012 17:10:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120104snrp0140v/</guid>
</item>
<item>
<title><![CDATA[News - Strategic Natural Resources advance on coal supply deal in South Africa ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/36958/strategic-natural-resources-advance-on-coal-supply-deal-in-south-africa--36958.html</link>
<description><![CDATA[<p>
<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> (<a href="/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>) shares advanced around 6 per cent this morning with the news of a new deal to sell coal from the Elitheni coal mine.</p>
<p>The agreement was signed between SNR’s 74 per cent owned associate Elitheni Coal (Pty) Ltd and a government agency.</p>
<p>Elitheni will supply 70,000 tonnes of coal each year to a bio-ethanol plant that will built in South Africa’s Eastern Cape. The plant will produce its own power fuelled by Elitheni's coal, SNR said.</p>
<p>The shipments are expected to start in 2013.</p>
<p>A government backed finance institution, called the Industrial Development Corporation, is fully funding the bio-ethanol project.</p>
<p>"We are delighted to be a part of this IDC funded project,” said chief executive David Nel. </p>
<p>“Supplying our coal to local industry is a strategy we as a company have considered to be viable for a long time and it is encouraging to see our endeavours come to fruition after a great deal of interaction with the IDC.”</p>
<p>“Although Elitheni will primarily be an export mine, given its significant reserves, the company will continue to work with local industry with the aim of supplying coal for use in industrial steam and power production." </p>
<p>The supply agreement has an initial term of 20 years and during this time Elitheni would provide a total of 1.4 million tonnes of coal to the plant.</p>
<p>The coal will be sold at a fixed price, although it will be increased with inflation linked to South Africa's producer price index. </p>
</p> ]]></description>
<pubDate>Wed, 14 Dec 2011 10:42:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/36958/strategic-natural-resources-advance-on-coal-supply-deal-in-south-africa--36958.html</guid>
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<title><![CDATA[News - Strategic Natural Resources on track to deliver first coal orders by spring ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/36193/strategic-natural-resources-on-track-to-deliver-first-coal-orders-by-spring-36193.html</link>
<description><![CDATA[<p>Shares in <a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>) improved a little in early trading today after the South Africa-focused coal miner said that it remained on schedule to deliver its first orders by the spring of next year.</p>
<p>By 9:10am shares in the firm were up 3.3 per cent at 12.65 pence each after the firm reported results for the six months to the end of August.<br /><br />In its results statement it said that it had developed a mining plan to that would ensure the most cost-effective way to deliver against its first orders and that opencast workings have been targeted for full production by February 2012, with underground workings to begin in April.</p>
<p>Current negotiations with suppliers of washing plants have led the firm to expect that a 150 tonne per hour module will be commissioned by the end of April, which will allow it more than enough time to begin shipping ‘beneficiated’ (higher grade) coal by June.</p>
<p>The firm has also signed a memorandum of understanding with a private rail company to provide the rail services and rolling stock necessary to begin rail operations to the ports of East London and Coega. In addition to its initial export order, the firm is in discussions with third parties regarding further off-take of coal on a long-term baisis.</p>
<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> added that around 100 holes have been drilled since May 2011, with more than half of these yielding coal. Drilling is planned to begin in January.</p>
<p>“SNR have made further significant progress in the last six months towards contracting out the mining operations and sourcing plant and equipment,” said David Nel, <a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a>’ chief executive officer. “We remain confident we will be able to deliver our first orders on schedule and we anticipate being able to update our competent persons report (CPR) in Q1 of 2012 and will update our resource statement at that time.”</p>
<p>During its first half of its 2012 financial year, the firm made a loss of £975,000 (H1 2011: £470,000).</p> ]]></description>
<pubDate>Mon, 28 Nov 2011 09:57:00 +0000</pubDate>
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<title><![CDATA[RNS press release - Unaudited interims for 6 months ended 31 Aug 2011 ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/111128snrp8433s/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 28 Nov 2011 07:00:00 +0000</pubDate>
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<title><![CDATA[News - Strategic Natural Resources begins mining at Elitheni; forms new JV company with Trasteel ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/42515/strategic-natural-resources-begins-mining-at-elitheni-forms-new-jv-company-with-trasteel-42515.html</link>
<description><![CDATA[<p>Strategic Natural Resources today announced a strengthening of its agreement with commodity trader Trasteel International - with the formation of a new joint venture marketing company.</p>]]></description>
<pubDate>Wed, 09 May 2012 07:34:00 +0100</pubDate>
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<title><![CDATA[RNS press release - JV, commencement of mining and operational update ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120509snrp9078c/</link>
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<pubDate>Wed, 09 May 2012 07:00:00 +0100</pubDate>
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<description><![CDATA[30.04.12: +2.38, (32.63) Press: Strategic Natural Resources rose on hopes it would soon announce an updated resource estimate for its Elitheni coal mine in South Africa, which is expected to reach full production by the end of May. Source - Financial Times]]></description>
<pubDate>Mon, 30 Apr 2012 00:00:00 +0100</pubDate>
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<title><![CDATA[News - One2One in Manchester & Dublin: See Caza Oil & Gas, Rathdowney Resources, Simba Energy, Longreach Oil & Gas and Strategic Natural Resources ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41514/one2one-in-manchester-dublin-see-caza-oil-gas-rathdowney-resources-simba-energy-longreach-oil-gas-and-strategic-natural-resources-41514.html</link>
<description><![CDATA[<p><strong>Proactive Investors takes the show on the road again next week with presentations in Dublin on Tuesday (April 24) and Manchester on Thursday (April 26), with the obligatory London forum sandwiched in between. <br /><br />In all we have eight growth companies presenting – each with a very interesting story to tell.<br /><br />There are updates from <a href="companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a>, <a href="companies/overview/297/Caza+Oil+%26amp%3B+Gas" class="companyPopupTrigger" rel="297">Caza Oil & Gas</a>, <a href="companies/overview/9309/Rathdowney+Resources" class="companyPopupTrigger" rel="9309">Rathdowney Resources</a> and Longreach Oil & Gas as well as presentations from <a href="companies/overview/5775/Lydian+International" class="companyPopupTrigger" rel="5775">Lydian International</a>, <a href="companies/overview/2131/Beacon+Hill+Resources" class="companyPopupTrigger" rel="2131">Beacon Hill Resources</a>, <a href="companies/overview/9460/West+Kirkland+Mining" class="companyPopupTrigger" rel="9460">West Kirkland Mining</a> and <a href="companies/overview/9200/Simba+Energy" class="companyPopupTrigger" rel="9200">Simba Energy</a>.<br /><br />Each has attracted an incredible amount of interest. So if you haven’t signed up already, you really need to do so soon to avoid disappointment. </strong></p>
<p><strong><a href="register/event_details/143">Please click here to register for the DUBLIN event.</a></strong></p>
<p><strong><a href="register/event_details/144">Please click here to register for the LONDON event.</a></strong> </p>
<p><a href="register/event_details/146"><strong>Please click here to register for the MANCHESTER event.</strong></a><br /><br />A recent funding and separate coal sales deal sets up the <strong><a href="companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a>’</strong> Elitheni coal project through to the start of production. <br /><br />Family-owned Richardson Capital ploughed £8 million into the group, giving it a 29.9 per cent stake. <br /><br />"The finalisation of this negotiation is the culmination of many months of work identifying and negotiating with prospective investors,” boss David Nel said recently.<br /><br />Separately steel supplier and commodity trader Trasteel has agreed to take export coal mined from Elitheni, which is in South Africa’s Eastern Cape, up to an initial 2 million tonnes.<br /><br />Director Jeremy Metcalfe will talk investors in Dublin and Manchester through the group's prospects as it moves through the development phase whilst maintaining a keen eye on exploration. <br /><br />A strong end to a topsy-turvy 2011 saw a reserves and production increase by over 35 per cent at <strong><a href="companies/overview/297/Caza+Oil+%26amp%3B+Gas" class="companyPopupTrigger" rel="297">Caza Oil & Gas</a></strong>. <br /><br />Well-funded, it has the financial wherewithal to bankroll its drilling aspirations. <br />Work is already underway on the Sombrero prospect in Lea County, New Mexico, where it has a 20 per cent stake. <br /><br />But this is just one of a number of exciting developments this year. <br />Bringing us bang up to date will be chief executive Mike Ford, who will be in Dublin, London and Manchester.<br /><br />City firm Collins Stewart rates Vancouver headquartered <strong><a href="companies/overview/9309/Rathdowney+Resources" class="companyPopupTrigger" rel="9309">Rathdowney Resources</a></strong> as the standout stock among junior zinc explorers. <br /><br />The Euro-centred Canadian firm is developing the Olza project in Southern Poland as well as exploring Ireland, with assets in Cork, Westmeath, Laois, Meath and Galway. <br /><br />"We view Rathdowney as a technically sound, low risk, relatively low capital intensity zinc play, located in an investor friendly jurisdiction with excellent infrastructure and existing smelting facilities nearby," said Collins Stewart analyst Andrei Kroupnik.<br /><br />Joining us in Dublin to tell us more about the company and its prospects will be chief executive John Barry.<br /><br />As one of the early entrants into Morocco,<strong> Longreach Oil and Gas </strong>already has an impressive landholding in what is quickly becoming a hot-spot for exploration. <br /><br />In Dublin, Andrew Benitz will share with investors his view on what he believes to be the “last under-explored basin in North Africa”.<br /><br />Regular attendees will already know plenty about <strong><a href="companies/overview/5775/Lydian+International" class="companyPopupTrigger" rel="5775">Lydian International</a>'s</strong> exciting Amulsar gold project in Armenia. <br /><br />In January, Lydian reported a major resource upgrade at the project. It gave Amulsar a further 700,000 ounces of gold and took total resources to 3.2 million ounces.<br />After a major drilling programme, the focus now is on developing the project, which is due to go into full production in 2014. <br /><br />Bringing us up to speed with events will be chief executive Tim Coughlin when he joins us in London.<br /><br /><strong><a href="companies/overview/2131/Beacon+Hill+Resources" class="companyPopupTrigger" rel="2131">Beacon Hill Resources</a></strong> is one of AIMs most followed coal stocks. The flagship Minas Moatize operation began coking coal production last month. Located in the Tete region of Mozambique, near major infrastructure projects and iron ore mines, it has a lot of promise. <br /><br />Justin Lewis will be present in London to talk about the ramp-up and expansion of this exciting project. <br /><br /><strong><a href="companies/overview/9460/West+Kirkland+Mining" class="companyPopupTrigger" rel="9460">West Kirkland Mining</a></strong> has amassed over two dozen exploration properties in Nevada and Ontario as it looks to establish new opportunities in prolific gold districts. <br /><br />Its announcement earlier this month really caught the eye as it reported significant gold grades and high-grade silver credits from its TUG deposit in Nevada.<br /><br />It also said a new high priority target area named "12 Mile" has emerged in the Long Canyon trend. In 2012, West Kirkland has completed eight holes on the TUG property, extending the deposit a further 200 metres to the northwest.<br /><br />Knox Henderson will be present in London to talk UK investors through its prospective project portfolio. <br /><br /><strong><a href="companies/overview/9200/Simba+Energy" class="companyPopupTrigger" rel="9200">Simba Energy</a></strong> has a number of exciting opportunities in Africa and recent industry successes are making investors sit up and take notice of this junior explorer. <br /><br />Director Hassan Hassan will be presenting in Manchester to tell investors more about the group's projects, which are on the doorstep of high-profile ventures.</p> ]]></description>
<pubDate>Mon, 16 Apr 2012 15:15:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41514/one2one-in-manchester-dublin-see-caza-oil-gas-rathdowney-resources-simba-energy-longreach-oil-gas-and-strategic-natural-resources-41514.html</guid>
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<title><![CDATA[RNS press release - Total Voting Rights ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120330snrp5019a/</link>
<description><![CDATA[]]></description>
<pubDate>Fri, 30 Mar 2012 15:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120330snrp5019a/</guid>
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<title><![CDATA[Media files - Strategic Natural Resources has “huge potential” as a coal producer ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/stocktube/1091/strategic-natural-resources-has-huge-potential-as-a-coal-producer-1091.html</link>
<description><![CDATA[Jeremy Metcalfe, Communications Director at Strategic Natural Resources (<a href="/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>), tells Proactiveinvestors that with the 50 miles of drilling that’s been undertaken along the coal seams, which represents only five percent of the property, there’s a huge potential with “about 200mln tons of coal” discovered. Jeremy says that SNRP is poised to become a major force in South African mining.]]></description>
<pubDate>Wed, 28 Mar 2012 14:01:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/stocktube/1091/strategic-natural-resources-has-huge-potential-as-a-coal-producer-1091.html</guid>
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<title><![CDATA[News - Strategic Natural Resources FD steps down as position moves to South Africa ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/40480/strategic-natural-resources-fd-steps-down-as-position-moves-to-south-africa-40480.html</link>
<description><![CDATA[<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>) has decided to move its finance function to its South African operating company Elitheni Coal Ltd and consequently, finance director Edward Cox has agreed to step down from his post with immediate effect.<br /><br />He will remain an employee of the company during the handover period.<br /><br />Today’s announcement follows the news earlier this month that it negotiated an £8 million cash injection that will take the 74 per cent-owned Elitheni coal mine in the Eastern Cape through to production.<br /><br />Family-owned private equity group Richardson Capital LLP is subscribing for 51 million new shares at 17 pence to give it a 29.98 per cent stake in the coal miner.<br /><br />Steel supplier and commodity trader Trasteel has an agreement to take all coal for export mined from Elitheni up to an initial 2 million tonnes.<br /><br />As part of the terms, Richardsons Capital can appoint a director to the Strategic Natural board.</p> ]]></description>
<pubDate>Tue, 20 Mar 2012 09:57:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/40480/strategic-natural-resources-fd-steps-down-as-position-moves-to-south-africa-40480.html</guid>
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<title><![CDATA[RNS press release - Directorate Change ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120320snrp6484z/</link>
<description><![CDATA[]]></description>
<pubDate>Tue, 20 Mar 2012 07:00:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120320snrp6484z/</guid>
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<title><![CDATA[RNS press release - Holding(s) in Company ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120316snrp5281z/</link>
<description><![CDATA[]]></description>
<pubDate>Fri, 16 Mar 2012 13:27:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120316snrp5281z/</guid>
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<title><![CDATA[RNS press release - Grant of Options ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120308snrp9277y/</link>
<description><![CDATA[]]></description>
<pubDate>Thu, 08 Mar 2012 07:00:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120308snrp9277y/</guid>
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<item>
<title><![CDATA[News - Strategic Natural agrees £8 million share subscription with private equity firm ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/39897/strategic-natural-agrees-8-million-share-subscription-with-private-equity-firm-39897.html</link>
<description><![CDATA[<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> has negotiated an £8 million cash injection that will take its Elitheni coal mine in South Africa through to production.</p>]]></description>
<pubDate>Wed, 07 Mar 2012 07:31:00 +0000</pubDate>
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<title><![CDATA[RNS press release - Issue of Equity ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120307snrp8222y/</link>
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<pubDate>Wed, 07 Mar 2012 07:00:00 +0000</pubDate>
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<title><![CDATA[News - Strategic Natural increases resources at Elitheni by a third ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/39268/strategic-natural-increases-resources-at-elitheni-by-a-third-39268.html</link>
<description><![CDATA[<p> </p>
<p>Coal miner <a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>) today upped the coal reserves estimates at Elitheni in South Africa by a third, but said it had still only explored a fraction of its acreage.</p>
<p>Based on work its phase 1-4 of Elitheni’s drilling areas, the firm said it had identified a further 53 million tonnes of coal resource to take to total to 203 million tonnes.</p>
<p>“The approximate 200 million tonne coal resource we now estimate exists on only 8,500 hectares, which is less than 5% of our total 184,000 hectare rights area, " said chief executive David Nel.</p>
<p>The latest estimate was an internal assessment and the firm has appointed Golder Associates to verify the extra coal, which consisted of 883,000 tonnes of measured resources, 21 million tonnes indicated and 31.8 million tonnes inferred.</p>
<p>Strategic Natural added it has started work on phase exploration at Elitheni, but given the size of the area at 119,000 hectares it has started by marking all outcrops and old shaft entrances.</p>
<p>So far, It has confirmed 14 outcrops and informally accessed shaft entrances on only 5 of the 299 farms in Phase 5.</p>
<p>Strategic Natural has a 74% stake in Elitheni Coal, which last year signed a local deal with government agency IDC to supply 70,000 tonnes of washed coal to a new bio-ethanol plant that will built in South Africa’s Eastern Cape.</p>
<p>The firm has also been involved in discussions with IDC about the funding of Elitheni, </p>
<p>It said today that it is still involved in active negotiation on the finalisation of its funding programme and is intent on finalising the best deal for all shareholders. </p>
<p>“The funding programme is being structured in order to allow SNR to deliver the first coal shipments to Trasteel by the middle of 2012. A further update on the funding programme will be made at the appropriate time,” it said.</p>
<p>Steel supplier and commodity trader Trasteel has an agreement to take all coal for export mined from SNR's Elitheni coal mine in the Eastern Cape up to an initial 2 million tonnes.</p>
<p>The first shipment under the contract will be loaded in June 2012, with 500,000 tonnes of coal scheduled to be shipped during the following twelve months.</p>
<p>At the time, Strategic Natural said the order represented less than 1% of the already proven Elitheni coal deposit of 150Mt.</p>
<p> </p> ]]></description>
<pubDate>Wed, 22 Feb 2012 07:49:00 +0000</pubDate>
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<title><![CDATA[RNS press release - Resources Update ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120222snrp8579x/</link>
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<pubDate>Wed, 22 Feb 2012 07:00:00 +0000</pubDate>
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<title><![CDATA[News - Strategic Natural Resources updates on Elitheni development ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/38644/strategic-natural-resources-updates-on-elitheni-development-38644.html</link>
<description><![CDATA[<p><a href="http://proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>) gave an update today about the funding of its Elitheni coal mine.<br /><br />The firm noted the "statement made by the CEO of the Industrial Development Corporation of South Africa (IDC) at the weekend", which "confirmed that the IDC would be funding the development of SNR's 74 per cent owned subsidiary, Elitheni Coal (Pty) Ltd".<br /><br />Today, in a statement to the stock exchange, <a href="http://proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> said: "SNR confirms that, whilst it is in discussions with the IDC, these discussions remain on-going and form part of SNR's wider discussions with other parties in relation to finalising its funding needs."<br /><br />It added that further announcements would be made at an appropriate time.<br /><br />In December last year, the company announced a deal for selling coal from the mine.<br /><br />The agreement was signed between Elitheni Coal (Pty) Ltd and government agency - IDC.<br /><br />Elitheni will supply 70,000 tonnes of coal each year to a bio-ethanol plant that will built in South Africa’s Eastern Cape. The plant will produce its own power fuelled by Elitheni's coal, SNR said. The shipments are expected to start in 2013.<br /><br />A government backed finance institution, named the Industrial Development Corporation, is fully funding the bio-ethanol project, the firm had said.<br /><br />The supply agreement has an initial term of 20 years and during this time Elitheni would provide a total of 1.4 million tonnes of coal to the plant.<br /><br />The coal will be sold at a fixed price, although it will be increased with inflation linked to South Africa's producer price index, the company said.</p> ]]></description>
<pubDate>Mon, 06 Feb 2012 12:06:00 +0000</pubDate>
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<title><![CDATA[RNS press release - Statement regarding IDC ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120206snrp8539w/</link>
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<pubDate>Mon, 06 Feb 2012 11:10:00 +0000</pubDate>
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<title><![CDATA[RNS press release - Change of Broker ]]></title>
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<pubDate>Wed, 04 Jan 2012 17:10:00 +0000</pubDate>
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<title><![CDATA[News - Strategic Natural Resources advance on coal supply deal in South Africa ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/36958/strategic-natural-resources-advance-on-coal-supply-deal-in-south-africa--36958.html</link>
<description><![CDATA[<p>
<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> (<a href="/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>) shares advanced around 6 per cent this morning with the news of a new deal to sell coal from the Elitheni coal mine.</p>
<p>The agreement was signed between SNR’s 74 per cent owned associate Elitheni Coal (Pty) Ltd and a government agency.</p>
<p>Elitheni will supply 70,000 tonnes of coal each year to a bio-ethanol plant that will built in South Africa’s Eastern Cape. The plant will produce its own power fuelled by Elitheni's coal, SNR said.</p>
<p>The shipments are expected to start in 2013.</p>
<p>A government backed finance institution, called the Industrial Development Corporation, is fully funding the bio-ethanol project.</p>
<p>"We are delighted to be a part of this IDC funded project,” said chief executive David Nel. </p>
<p>“Supplying our coal to local industry is a strategy we as a company have considered to be viable for a long time and it is encouraging to see our endeavours come to fruition after a great deal of interaction with the IDC.”</p>
<p>“Although Elitheni will primarily be an export mine, given its significant reserves, the company will continue to work with local industry with the aim of supplying coal for use in industrial steam and power production." </p>
<p>The supply agreement has an initial term of 20 years and during this time Elitheni would provide a total of 1.4 million tonnes of coal to the plant.</p>
<p>The coal will be sold at a fixed price, although it will be increased with inflation linked to South Africa's producer price index. </p>
</p> ]]></description>
<pubDate>Wed, 14 Dec 2011 10:42:00 +0000</pubDate>
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<title><![CDATA[News - Strategic Natural Resources on track to deliver first coal orders by spring ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/36193/strategic-natural-resources-on-track-to-deliver-first-coal-orders-by-spring-36193.html</link>
<description><![CDATA[<p>Shares in <a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>) improved a little in early trading today after the South Africa-focused coal miner said that it remained on schedule to deliver its first orders by the spring of next year.</p>
<p>By 9:10am shares in the firm were up 3.3 per cent at 12.65 pence each after the firm reported results for the six months to the end of August.<br /><br />In its results statement it said that it had developed a mining plan to that would ensure the most cost-effective way to deliver against its first orders and that opencast workings have been targeted for full production by February 2012, with underground workings to begin in April.</p>
<p>Current negotiations with suppliers of washing plants have led the firm to expect that a 150 tonne per hour module will be commissioned by the end of April, which will allow it more than enough time to begin shipping ‘beneficiated’ (higher grade) coal by June.</p>
<p>The firm has also signed a memorandum of understanding with a private rail company to provide the rail services and rolling stock necessary to begin rail operations to the ports of East London and Coega. In addition to its initial export order, the firm is in discussions with third parties regarding further off-take of coal on a long-term baisis.</p>
<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> added that around 100 holes have been drilled since May 2011, with more than half of these yielding coal. Drilling is planned to begin in January.</p>
<p>“SNR have made further significant progress in the last six months towards contracting out the mining operations and sourcing plant and equipment,” said David Nel, <a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a>’ chief executive officer. “We remain confident we will be able to deliver our first orders on schedule and we anticipate being able to update our competent persons report (CPR) in Q1 of 2012 and will update our resource statement at that time.”</p>
<p>During its first half of its 2012 financial year, the firm made a loss of £975,000 (H1 2011: £470,000).</p> ]]></description>
<pubDate>Mon, 28 Nov 2011 09:57:00 +0000</pubDate>
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<title><![CDATA[RNS press release - Unaudited interims for 6 months ended 31 Aug 2011 ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/111128snrp8433s/</link>
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<pubDate>Mon, 28 Nov 2011 07:00:00 +0000</pubDate>
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"title" => "News - Strategic Natural Resources begins mining at Elitheni; forms new JV company with Trasteel",
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"title" => "News - One2One in Manchester & Dublin: See Caza Oil & Gas, Rathdowney Resources, Simba Energy, Longreach Oil & Gas and Strategic Natural Resources",
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"description" => "<p><strong>Proactive Investors takes the show on the road again next week with presentations in Dublin on Tuesday (April 24) and Manchester on Thursday (April 26), with the obligatory London forum sandwiched in between. <br /><br />In all we have eight growth companies presenting – each with a very interesting story to tell.<br /><br />There are updates from <a href="companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a>, <a href="companies/overview/297/Caza+Oil+%26amp%3B+Gas" class="companyPopupTrigger" rel="297">Caza Oil & Gas</a>, <a href="companies/overview/9309/Rathdowney+Resources" class="companyPopupTrigger" rel="9309">Rathdowney Resources</a> and Longreach Oil & Gas as well as presentations from <a href="companies/overview/5775/Lydian+International" class="companyPopupTrigger" rel="5775">Lydian International</a>, <a href="companies/overview/2131/Beacon+Hill+Resources" class="companyPopupTrigger" rel="2131">Beacon Hill Resources</a>, <a href="companies/overview/9460/West+Kirkland+Mining" class="companyPopupTrigger" rel="9460">West Kirkland Mining</a> and <a href="companies/overview/9200/Simba+Energy" class="companyPopupTrigger" rel="9200">Simba Energy</a>.<br /><br />Each has attracted an incredible amount of interest. So if you haven’t signed up already, you really need to do so soon to avoid disappointment. </strong></p>
<p><strong><a href="register/event_details/143">Please click here to register for the DUBLIN event.</a></strong></p>
<p><strong><a href="register/event_details/144">Please click here to register for the LONDON event.</a></strong> </p>
<p><a href="register/event_details/146"><strong>Please click here to register for the MANCHESTER event.</strong></a><br /><br />A recent funding and separate coal sales deal sets up the <strong><a href="companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a>’</strong> Elitheni coal project through to the start of production. <br /><br />Family-owned Richardson Capital ploughed £8 million into the group, giving it a 29.9 per cent stake. <br /><br />"The finalisation of this negotiation is the culmination of many months of work identifying and negotiating with prospective investors,” boss David Nel said recently.<br /><br />Separately steel supplier and commodity trader Trasteel has agreed to take export coal mined from Elitheni, which is in South Africa’s Eastern Cape, up to an initial 2 million tonnes.<br /><br />Director Jeremy Metcalfe will talk investors in Dublin and Manchester through the group's prospects as it moves through the development phase whilst maintaining a keen eye on exploration. <br /><br />A strong end to a topsy-turvy 2011 saw a reserves and production increase by over 35 per cent at <strong><a href="companies/overview/297/Caza+Oil+%26amp%3B+Gas" class="companyPopupTrigger" rel="297">Caza Oil & Gas</a></strong>. <br /><br />Well-funded, it has the financial wherewithal to bankroll its drilling aspirations. <br />Work is already underway on the Sombrero prospect in Lea County, New Mexico, where it has a 20 per cent stake. <br /><br />But this is just one of a number of exciting developments this year. <br />Bringing us bang up to date will be chief executive Mike Ford, who will be in Dublin, London and Manchester.<br /><br />City firm Collins Stewart rates Vancouver headquartered <strong><a href="companies/overview/9309/Rathdowney+Resources" class="companyPopupTrigger" rel="9309">Rathdowney Resources</a></strong> as the standout stock among junior zinc explorers. <br /><br />The Euro-centred Canadian firm is developing the Olza project in Southern Poland as well as exploring Ireland, with assets in Cork, Westmeath, Laois, Meath and Galway. <br /><br />"We view Rathdowney as a technically sound, low risk, relatively low capital intensity zinc play, located in an investor friendly jurisdiction with excellent infrastructure and existing smelting facilities nearby," said Collins Stewart analyst Andrei Kroupnik.<br /><br />Joining us in Dublin to tell us more about the company and its prospects will be chief executive John Barry.<br /><br />As one of the early entrants into Morocco,<strong> Longreach Oil and Gas </strong>already has an impressive landholding in what is quickly becoming a hot-spot for exploration. <br /><br />In Dublin, Andrew Benitz will share with investors his view on what he believes to be the “last under-explored basin in North Africa”.<br /><br />Regular attendees will already know plenty about <strong><a href="companies/overview/5775/Lydian+International" class="companyPopupTrigger" rel="5775">Lydian International</a>'s</strong> exciting Amulsar gold project in Armenia. <br /><br />In January, Lydian reported a major resource upgrade at the project. It gave Amulsar a further 700,000 ounces of gold and took total resources to 3.2 million ounces.<br />After a major drilling programme, the focus now is on developing the project, which is due to go into full production in 2014. <br /><br />Bringing us up to speed with events will be chief executive Tim Coughlin when he joins us in London.<br /><br /><strong><a href="companies/overview/2131/Beacon+Hill+Resources" class="companyPopupTrigger" rel="2131">Beacon Hill Resources</a></strong> is one of AIMs most followed coal stocks. The flagship Minas Moatize operation began coking coal production last month. Located in the Tete region of Mozambique, near major infrastructure projects and iron ore mines, it has a lot of promise. <br /><br />Justin Lewis will be present in London to talk about the ramp-up and expansion of this exciting project. <br /><br /><strong><a href="companies/overview/9460/West+Kirkland+Mining" class="companyPopupTrigger" rel="9460">West Kirkland Mining</a></strong> has amassed over two dozen exploration properties in Nevada and Ontario as it looks to establish new opportunities in prolific gold districts. <br /><br />Its announcement earlier this month really caught the eye as it reported significant gold grades and high-grade silver credits from its TUG deposit in Nevada.<br /><br />It also said a new high priority target area named "12 Mile" has emerged in the Long Canyon trend. In 2012, West Kirkland has completed eight holes on the TUG property, extending the deposit a further 200 metres to the northwest.<br /><br />Knox Henderson will be present in London to talk UK investors through its prospective project portfolio. <br /><br /><strong><a href="companies/overview/9200/Simba+Energy" class="companyPopupTrigger" rel="9200">Simba Energy</a></strong> has a number of exciting opportunities in Africa and recent industry successes are making investors sit up and take notice of this junior explorer. <br /><br />Director Hassan Hassan will be presenting in Manchester to tell investors more about the group's projects, which are on the doorstep of high-profile ventures.</p> ",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/41514/one2one-in-manchester-dublin-see-caza-oil-gas-rathdowney-resources-simba-energy-longreach-oil-gas-and-strategic-natural-resources-41514.html"
),
array(
"id" => "120330snrp5019a",
"title" => "RNS press release - Total Voting Rights",
"pubdate" => "2012-03-30 15:00:00",
"seftitle" => "",
"description" => "",
"link" => "http://www.proactiveinvestors.co.uk/companies/rns/120330snrp5019a/"
),
array(
"id" => "1091",
"title" => "Media files - Strategic Natural Resources has “huge potential” as a coal producer",
"pubdate" => "2012-03-28 14:01:00",
"seftitle" => "strategic-natural-resources-has-huge-potential-as-a-coal-producer-1091.html",
"description" => "Jeremy Metcalfe, Communications Director at Strategic Natural Resources (<a href="/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>), tells Proactiveinvestors that with the 50 miles of drilling that’s been undertaken along the coal seams, which represents only five percent of the property, there’s a huge potential with “about 200mln tons of coal” discovered. Jeremy says that SNRP is poised to become a major force in South African mining.",
"link" => "http://www.proactiveinvestors.co.uk/companies/stocktube/1091/strategic-natural-resources-has-huge-potential-as-a-coal-producer-1091.html"
),
array(
"id" => "40480",
"title" => "News - Strategic Natural Resources FD steps down as position moves to South Africa",
"pubdate" => "2012-03-20 09:57:00",
"seftitle" => "strategic-natural-resources-fd-steps-down-as-position-moves-to-south-africa-40480.html",
"description" => "<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>) has decided to move its finance function to its South African operating company Elitheni Coal Ltd and consequently, finance director Edward Cox has agreed to step down from his post with immediate effect.<br /><br />He will remain an employee of the company during the handover period.<br /><br />Today’s announcement follows the news earlier this month that it negotiated an £8 million cash injection that will take the 74 per cent-owned Elitheni coal mine in the Eastern Cape through to production.<br /><br />Family-owned private equity group Richardson Capital LLP is subscribing for 51 million new shares at 17 pence to give it a 29.98 per cent stake in the coal miner.<br /><br />Steel supplier and commodity trader Trasteel has an agreement to take all coal for export mined from Elitheni up to an initial 2 million tonnes.<br /><br />As part of the terms, Richardsons Capital can appoint a director to the Strategic Natural board.</p> ",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/40480/strategic-natural-resources-fd-steps-down-as-position-moves-to-south-africa-40480.html"
),
array(
"id" => "120320snrp6484z",
"title" => "RNS press release - Directorate Change",
"pubdate" => "2012-03-20 07:00:00",
"seftitle" => "",
"description" => "",
"link" => "http://www.proactiveinvestors.co.uk/companies/rns/120320snrp6484z/"
),
array(
"id" => "120316snrp5281z",
"title" => "RNS press release - Holding(s) in Company",
"pubdate" => "2012-03-16 13:27:00",
"seftitle" => "",
"description" => "",
"link" => "http://www.proactiveinvestors.co.uk/companies/rns/120316snrp5281z/"
),
array(
"id" => "120308snrp9277y",
"title" => "RNS press release - Grant of Options",
"pubdate" => "2012-03-08 07:00:00",
"seftitle" => "",
"description" => "",
"link" => "http://www.proactiveinvestors.co.uk/companies/rns/120308snrp9277y/"
),
array(
"id" => "39897",
"title" => "News - Strategic Natural agrees £8 million share subscription with private equity firm",
"pubdate" => "2012-03-07 07:31:00",
"seftitle" => "strategic-natural-agrees-8-million-share-subscription-with-private-equity-firm-39897.html",
"description" => "<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> has negotiated an £8 million cash injection that will take its Elitheni coal mine in South Africa through to production.</p>",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/39897/strategic-natural-agrees-8-million-share-subscription-with-private-equity-firm-39897.html"
),
array(
"id" => "120307snrp8222y",
"title" => "RNS press release - Issue of Equity",
"pubdate" => "2012-03-07 07:00:00",
"seftitle" => "",
"description" => "",
"link" => "http://www.proactiveinvestors.co.uk/companies/rns/120307snrp8222y/"
),
array(
"id" => "39268",
"title" => "News - Strategic Natural increases resources at Elitheni by a third",
"pubdate" => "2012-02-22 07:49:00",
"seftitle" => "strategic-natural-increases-resources-at-elitheni-by-a-third-39268.html",
"description" => "<p> </p>
<p>Coal miner <a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>) today upped the coal reserves estimates at Elitheni in South Africa by a third, but said it had still only explored a fraction of its acreage.</p>
<p>Based on work its phase 1-4 of Elitheni’s drilling areas, the firm said it had identified a further 53 million tonnes of coal resource to take to total to 203 million tonnes.</p>
<p>“The approximate 200 million tonne coal resource we now estimate exists on only 8,500 hectares, which is less than 5% of our total 184,000 hectare rights area, " said chief executive David Nel.</p>
<p>The latest estimate was an internal assessment and the firm has appointed Golder Associates to verify the extra coal, which consisted of 883,000 tonnes of measured resources, 21 million tonnes indicated and 31.8 million tonnes inferred.</p>
<p>Strategic Natural added it has started work on phase exploration at Elitheni, but given the size of the area at 119,000 hectares it has started by marking all outcrops and old shaft entrances.</p>
<p>So far, It has confirmed 14 outcrops and informally accessed shaft entrances on only 5 of the 299 farms in Phase 5.</p>
<p>Strategic Natural has a 74% stake in Elitheni Coal, which last year signed a local deal with government agency IDC to supply 70,000 tonnes of washed coal to a new bio-ethanol plant that will built in South Africa’s Eastern Cape.</p>
<p>The firm has also been involved in discussions with IDC about the funding of Elitheni, </p>
<p>It said today that it is still involved in active negotiation on the finalisation of its funding programme and is intent on finalising the best deal for all shareholders. </p>
<p>“The funding programme is being structured in order to allow SNR to deliver the first coal shipments to Trasteel by the middle of 2012. A further update on the funding programme will be made at the appropriate time,” it said.</p>
<p>Steel supplier and commodity trader Trasteel has an agreement to take all coal for export mined from SNR's Elitheni coal mine in the Eastern Cape up to an initial 2 million tonnes.</p>
<p>The first shipment under the contract will be loaded in June 2012, with 500,000 tonnes of coal scheduled to be shipped during the following twelve months.</p>
<p>At the time, Strategic Natural said the order represented less than 1% of the already proven Elitheni coal deposit of 150Mt.</p>
<p> </p> ",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/39268/strategic-natural-increases-resources-at-elitheni-by-a-third-39268.html"
),
array(
"id" => "120222snrp8579x",
"title" => "RNS press release - Resources Update",
"pubdate" => "2012-02-22 07:00:00",
"seftitle" => "",
"description" => "",
"link" => "http://www.proactiveinvestors.co.uk/companies/rns/120222snrp8579x/"
),
array(
"id" => "38644",
"title" => "News - Strategic Natural Resources updates on Elitheni development",
"pubdate" => "2012-02-06 12:06:00",
"seftitle" => "strategic-natural-resources-updates-on-elitheni-development-38644.html",
"description" => "<p><a href="http://proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>) gave an update today about the funding of its Elitheni coal mine.<br /><br />The firm noted the "statement made by the CEO of the Industrial Development Corporation of South Africa (IDC) at the weekend", which "confirmed that the IDC would be funding the development of SNR's 74 per cent owned subsidiary, Elitheni Coal (Pty) Ltd".<br /><br />Today, in a statement to the stock exchange, <a href="http://proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> said: "SNR confirms that, whilst it is in discussions with the IDC, these discussions remain on-going and form part of SNR's wider discussions with other parties in relation to finalising its funding needs."<br /><br />It added that further announcements would be made at an appropriate time.<br /><br />In December last year, the company announced a deal for selling coal from the mine.<br /><br />The agreement was signed between Elitheni Coal (Pty) Ltd and government agency - IDC.<br /><br />Elitheni will supply 70,000 tonnes of coal each year to a bio-ethanol plant that will built in South Africa’s Eastern Cape. The plant will produce its own power fuelled by Elitheni's coal, SNR said. The shipments are expected to start in 2013.<br /><br />A government backed finance institution, named the Industrial Development Corporation, is fully funding the bio-ethanol project, the firm had said.<br /><br />The supply agreement has an initial term of 20 years and during this time Elitheni would provide a total of 1.4 million tonnes of coal to the plant.<br /><br />The coal will be sold at a fixed price, although it will be increased with inflation linked to South Africa's producer price index, the company said.</p> ",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/38644/strategic-natural-resources-updates-on-elitheni-development-38644.html"
),
array(
"id" => "120206snrp8539w",
"title" => "RNS press release - Statement regarding IDC",
"pubdate" => "2012-02-06 11:10:00",
"seftitle" => "",
"description" => "",
"link" => "http://www.proactiveinvestors.co.uk/companies/rns/120206snrp8539w/"
),
array(
"id" => "120104snrp0140v",
"title" => "RNS press release - Change of Broker",
"pubdate" => "2012-01-04 17:10:00",
"seftitle" => "",
"description" => "",
"link" => "http://www.proactiveinvestors.co.uk/companies/rns/120104snrp0140v/"
),
array(
"id" => "36958",
"title" => "News - Strategic Natural Resources advance on coal supply deal in South Africa ",
"pubdate" => "2011-12-14 10:42:00",
"seftitle" => "strategic-natural-resources-advance-on-coal-supply-deal-in-south-africa--36958.html",
"description" => "<p>
<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> (<a href="/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>) shares advanced around 6 per cent this morning with the news of a new deal to sell coal from the Elitheni coal mine.</p>
<p>The agreement was signed between SNR’s 74 per cent owned associate Elitheni Coal (Pty) Ltd and a government agency.</p>
<p>Elitheni will supply 70,000 tonnes of coal each year to a bio-ethanol plant that will built in South Africa’s Eastern Cape. The plant will produce its own power fuelled by Elitheni's coal, SNR said.</p>
<p>The shipments are expected to start in 2013.</p>
<p>A government backed finance institution, called the Industrial Development Corporation, is fully funding the bio-ethanol project.</p>
<p>"We are delighted to be a part of this IDC funded project,” said chief executive David Nel. </p>
<p>“Supplying our coal to local industry is a strategy we as a company have considered to be viable for a long time and it is encouraging to see our endeavours come to fruition after a great deal of interaction with the IDC.”</p>
<p>“Although Elitheni will primarily be an export mine, given its significant reserves, the company will continue to work with local industry with the aim of supplying coal for use in industrial steam and power production." </p>
<p>The supply agreement has an initial term of 20 years and during this time Elitheni would provide a total of 1.4 million tonnes of coal to the plant.</p>
<p>The coal will be sold at a fixed price, although it will be increased with inflation linked to South Africa's producer price index. </p>
</p> ",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/36958/strategic-natural-resources-advance-on-coal-supply-deal-in-south-africa--36958.html"
),
array(
"id" => "36193",
"title" => "News - Strategic Natural Resources on track to deliver first coal orders by spring",
"pubdate" => "2011-11-28 09:57:00",
"seftitle" => "strategic-natural-resources-on-track-to-deliver-first-coal-orders-by-spring-36193.html",
"description" => "<p>Shares in <a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>) improved a little in early trading today after the South Africa-focused coal miner said that it remained on schedule to deliver its first orders by the spring of next year.</p>
<p>By 9:10am shares in the firm were up 3.3 per cent at 12.65 pence each after the firm reported results for the six months to the end of August.<br /><br />In its results statement it said that it had developed a mining plan to that would ensure the most cost-effective way to deliver against its first orders and that opencast workings have been targeted for full production by February 2012, with underground workings to begin in April.</p>
<p>Current negotiations with suppliers of washing plants have led the firm to expect that a 150 tonne per hour module will be commissioned by the end of April, which will allow it more than enough time to begin shipping ‘beneficiated’ (higher grade) coal by June.</p>
<p>The firm has also signed a memorandum of understanding with a private rail company to provide the rail services and rolling stock necessary to begin rail operations to the ports of East London and Coega. In addition to its initial export order, the firm is in discussions with third parties regarding further off-take of coal on a long-term baisis.</p>
<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> added that around 100 holes have been drilled since May 2011, with more than half of these yielding coal. Drilling is planned to begin in January.</p>
<p>“SNR have made further significant progress in the last six months towards contracting out the mining operations and sourcing plant and equipment,” said David Nel, <a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a>’ chief executive officer. “We remain confident we will be able to deliver our first orders on schedule and we anticipate being able to update our competent persons report (CPR) in Q1 of 2012 and will update our resource statement at that time.”</p>
<p>During its first half of its 2012 financial year, the firm made a loss of £975,000 (H1 2011: £470,000).</p> ",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/36193/strategic-natural-resources-on-track-to-deliver-first-coal-orders-by-spring-36193.html"
),
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"title" => "RNS press release - Unaudited interims for 6 months ended 31 Aug 2011",
"pubdate" => "2011-11-28 07:00:00",
"seftitle" => "",
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"link" => "http://www.proactiveinvestors.co.uk/companies/rns/111128snrp8433s/"
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<title><![CDATA[News - Strategic Natural Resources begins mining at Elitheni; forms new JV company with Trasteel ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/42515/strategic-natural-resources-begins-mining-at-elitheni-forms-new-jv-company-with-trasteel-42515.html</link>
<description><![CDATA[<p>Strategic Natural Resources today announced a strengthening of its agreement with commodity trader Trasteel International - with the formation of a new joint venture marketing company.</p>]]></description>
<pubDate>Wed, 09 May 2012 07:34:00 +0100</pubDate>
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<title><![CDATA[RNS press release - JV, commencement of mining and operational update ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120509snrp9078c/</link>
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<pubDate>Wed, 09 May 2012 07:00:00 +0100</pubDate>
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<description><![CDATA[30.04.12: +2.38, (32.63) Press: Strategic Natural Resources rose on hopes it would soon announce an updated resource estimate for its Elitheni coal mine in South Africa, which is expected to reach full production by the end of May. Source - Financial Times]]></description>
<pubDate>Mon, 30 Apr 2012 00:00:00 +0100</pubDate>
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<title><![CDATA[News - One2One in Manchester & Dublin: See Caza Oil & Gas, Rathdowney Resources, Simba Energy, Longreach Oil & Gas and Strategic Natural Resources ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41514/one2one-in-manchester-dublin-see-caza-oil-gas-rathdowney-resources-simba-energy-longreach-oil-gas-and-strategic-natural-resources-41514.html</link>
<description><![CDATA[<p><strong>Proactive Investors takes the show on the road again next week with presentations in Dublin on Tuesday (April 24) and Manchester on Thursday (April 26), with the obligatory London forum sandwiched in between. <br /><br />In all we have eight growth companies presenting – each with a very interesting story to tell.<br /><br />There are updates from <a href="companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a>, <a href="companies/overview/297/Caza+Oil+%26amp%3B+Gas" class="companyPopupTrigger" rel="297">Caza Oil & Gas</a>, <a href="companies/overview/9309/Rathdowney+Resources" class="companyPopupTrigger" rel="9309">Rathdowney Resources</a> and Longreach Oil & Gas as well as presentations from <a href="companies/overview/5775/Lydian+International" class="companyPopupTrigger" rel="5775">Lydian International</a>, <a href="companies/overview/2131/Beacon+Hill+Resources" class="companyPopupTrigger" rel="2131">Beacon Hill Resources</a>, <a href="companies/overview/9460/West+Kirkland+Mining" class="companyPopupTrigger" rel="9460">West Kirkland Mining</a> and <a href="companies/overview/9200/Simba+Energy" class="companyPopupTrigger" rel="9200">Simba Energy</a>.<br /><br />Each has attracted an incredible amount of interest. So if you haven’t signed up already, you really need to do so soon to avoid disappointment. </strong></p>
<p><strong><a href="register/event_details/143">Please click here to register for the DUBLIN event.</a></strong></p>
<p><strong><a href="register/event_details/144">Please click here to register for the LONDON event.</a></strong> </p>
<p><a href="register/event_details/146"><strong>Please click here to register for the MANCHESTER event.</strong></a><br /><br />A recent funding and separate coal sales deal sets up the <strong><a href="companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a>’</strong> Elitheni coal project through to the start of production. <br /><br />Family-owned Richardson Capital ploughed £8 million into the group, giving it a 29.9 per cent stake. <br /><br />"The finalisation of this negotiation is the culmination of many months of work identifying and negotiating with prospective investors,” boss David Nel said recently.<br /><br />Separately steel supplier and commodity trader Trasteel has agreed to take export coal mined from Elitheni, which is in South Africa’s Eastern Cape, up to an initial 2 million tonnes.<br /><br />Director Jeremy Metcalfe will talk investors in Dublin and Manchester through the group's prospects as it moves through the development phase whilst maintaining a keen eye on exploration. <br /><br />A strong end to a topsy-turvy 2011 saw a reserves and production increase by over 35 per cent at <strong><a href="companies/overview/297/Caza+Oil+%26amp%3B+Gas" class="companyPopupTrigger" rel="297">Caza Oil & Gas</a></strong>. <br /><br />Well-funded, it has the financial wherewithal to bankroll its drilling aspirations. <br />Work is already underway on the Sombrero prospect in Lea County, New Mexico, where it has a 20 per cent stake. <br /><br />But this is just one of a number of exciting developments this year. <br />Bringing us bang up to date will be chief executive Mike Ford, who will be in Dublin, London and Manchester.<br /><br />City firm Collins Stewart rates Vancouver headquartered <strong><a href="companies/overview/9309/Rathdowney+Resources" class="companyPopupTrigger" rel="9309">Rathdowney Resources</a></strong> as the standout stock among junior zinc explorers. <br /><br />The Euro-centred Canadian firm is developing the Olza project in Southern Poland as well as exploring Ireland, with assets in Cork, Westmeath, Laois, Meath and Galway. <br /><br />"We view Rathdowney as a technically sound, low risk, relatively low capital intensity zinc play, located in an investor friendly jurisdiction with excellent infrastructure and existing smelting facilities nearby," said Collins Stewart analyst Andrei Kroupnik.<br /><br />Joining us in Dublin to tell us more about the company and its prospects will be chief executive John Barry.<br /><br />As one of the early entrants into Morocco,<strong> Longreach Oil and Gas </strong>already has an impressive landholding in what is quickly becoming a hot-spot for exploration. <br /><br />In Dublin, Andrew Benitz will share with investors his view on what he believes to be the “last under-explored basin in North Africa”.<br /><br />Regular attendees will already know plenty about <strong><a href="companies/overview/5775/Lydian+International" class="companyPopupTrigger" rel="5775">Lydian International</a>'s</strong> exciting Amulsar gold project in Armenia. <br /><br />In January, Lydian reported a major resource upgrade at the project. It gave Amulsar a further 700,000 ounces of gold and took total resources to 3.2 million ounces.<br />After a major drilling programme, the focus now is on developing the project, which is due to go into full production in 2014. <br /><br />Bringing us up to speed with events will be chief executive Tim Coughlin when he joins us in London.<br /><br /><strong><a href="companies/overview/2131/Beacon+Hill+Resources" class="companyPopupTrigger" rel="2131">Beacon Hill Resources</a></strong> is one of AIMs most followed coal stocks. The flagship Minas Moatize operation began coking coal production last month. Located in the Tete region of Mozambique, near major infrastructure projects and iron ore mines, it has a lot of promise. <br /><br />Justin Lewis will be present in London to talk about the ramp-up and expansion of this exciting project. <br /><br /><strong><a href="companies/overview/9460/West+Kirkland+Mining" class="companyPopupTrigger" rel="9460">West Kirkland Mining</a></strong> has amassed over two dozen exploration properties in Nevada and Ontario as it looks to establish new opportunities in prolific gold districts. <br /><br />Its announcement earlier this month really caught the eye as it reported significant gold grades and high-grade silver credits from its TUG deposit in Nevada.<br /><br />It also said a new high priority target area named "12 Mile" has emerged in the Long Canyon trend. In 2012, West Kirkland has completed eight holes on the TUG property, extending the deposit a further 200 metres to the northwest.<br /><br />Knox Henderson will be present in London to talk UK investors through its prospective project portfolio. <br /><br /><strong><a href="companies/overview/9200/Simba+Energy" class="companyPopupTrigger" rel="9200">Simba Energy</a></strong> has a number of exciting opportunities in Africa and recent industry successes are making investors sit up and take notice of this junior explorer. <br /><br />Director Hassan Hassan will be presenting in Manchester to tell investors more about the group's projects, which are on the doorstep of high-profile ventures.</p> ]]></description>
<pubDate>Mon, 16 Apr 2012 15:15:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41514/one2one-in-manchester-dublin-see-caza-oil-gas-rathdowney-resources-simba-energy-longreach-oil-gas-and-strategic-natural-resources-41514.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Total Voting Rights ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120330snrp5019a/</link>
<description><![CDATA[]]></description>
<pubDate>Fri, 30 Mar 2012 15:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120330snrp5019a/</guid>
</item>
<item>
<title><![CDATA[Media files - Strategic Natural Resources has “huge potential” as a coal producer ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/stocktube/1091/strategic-natural-resources-has-huge-potential-as-a-coal-producer-1091.html</link>
<description><![CDATA[Jeremy Metcalfe, Communications Director at Strategic Natural Resources (<a href="/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>), tells Proactiveinvestors that with the 50 miles of drilling that’s been undertaken along the coal seams, which represents only five percent of the property, there’s a huge potential with “about 200mln tons of coal” discovered. Jeremy says that SNRP is poised to become a major force in South African mining.]]></description>
<pubDate>Wed, 28 Mar 2012 14:01:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/stocktube/1091/strategic-natural-resources-has-huge-potential-as-a-coal-producer-1091.html</guid>
</item>
<item>
<title><![CDATA[News - Strategic Natural Resources FD steps down as position moves to South Africa ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/40480/strategic-natural-resources-fd-steps-down-as-position-moves-to-south-africa-40480.html</link>
<description><![CDATA[<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>) has decided to move its finance function to its South African operating company Elitheni Coal Ltd and consequently, finance director Edward Cox has agreed to step down from his post with immediate effect.<br /><br />He will remain an employee of the company during the handover period.<br /><br />Today’s announcement follows the news earlier this month that it negotiated an £8 million cash injection that will take the 74 per cent-owned Elitheni coal mine in the Eastern Cape through to production.<br /><br />Family-owned private equity group Richardson Capital LLP is subscribing for 51 million new shares at 17 pence to give it a 29.98 per cent stake in the coal miner.<br /><br />Steel supplier and commodity trader Trasteel has an agreement to take all coal for export mined from Elitheni up to an initial 2 million tonnes.<br /><br />As part of the terms, Richardsons Capital can appoint a director to the Strategic Natural board.</p> ]]></description>
<pubDate>Tue, 20 Mar 2012 09:57:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/40480/strategic-natural-resources-fd-steps-down-as-position-moves-to-south-africa-40480.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Directorate Change ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120320snrp6484z/</link>
<description><![CDATA[]]></description>
<pubDate>Tue, 20 Mar 2012 07:00:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120320snrp6484z/</guid>
</item>
<item>
<title><![CDATA[RNS press release - Holding(s) in Company ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120316snrp5281z/</link>
<description><![CDATA[]]></description>
<pubDate>Fri, 16 Mar 2012 13:27:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120316snrp5281z/</guid>
</item>
<item>
<title><![CDATA[RNS press release - Grant of Options ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120308snrp9277y/</link>
<description><![CDATA[]]></description>
<pubDate>Thu, 08 Mar 2012 07:00:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120308snrp9277y/</guid>
</item>
<item>
<title><![CDATA[News - Strategic Natural agrees £8 million share subscription with private equity firm ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/39897/strategic-natural-agrees-8-million-share-subscription-with-private-equity-firm-39897.html</link>
<description><![CDATA[<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> has negotiated an £8 million cash injection that will take its Elitheni coal mine in South Africa through to production.</p>]]></description>
<pubDate>Wed, 07 Mar 2012 07:31:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/39897/strategic-natural-agrees-8-million-share-subscription-with-private-equity-firm-39897.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Issue of Equity ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120307snrp8222y/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 07 Mar 2012 07:00:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120307snrp8222y/</guid>
</item>
<item>
<title><![CDATA[News - Strategic Natural increases resources at Elitheni by a third ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/39268/strategic-natural-increases-resources-at-elitheni-by-a-third-39268.html</link>
<description><![CDATA[<p> </p>
<p>Coal miner <a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>) today upped the coal reserves estimates at Elitheni in South Africa by a third, but said it had still only explored a fraction of its acreage.</p>
<p>Based on work its phase 1-4 of Elitheni’s drilling areas, the firm said it had identified a further 53 million tonnes of coal resource to take to total to 203 million tonnes.</p>
<p>“The approximate 200 million tonne coal resource we now estimate exists on only 8,500 hectares, which is less than 5% of our total 184,000 hectare rights area, " said chief executive David Nel.</p>
<p>The latest estimate was an internal assessment and the firm has appointed Golder Associates to verify the extra coal, which consisted of 883,000 tonnes of measured resources, 21 million tonnes indicated and 31.8 million tonnes inferred.</p>
<p>Strategic Natural added it has started work on phase exploration at Elitheni, but given the size of the area at 119,000 hectares it has started by marking all outcrops and old shaft entrances.</p>
<p>So far, It has confirmed 14 outcrops and informally accessed shaft entrances on only 5 of the 299 farms in Phase 5.</p>
<p>Strategic Natural has a 74% stake in Elitheni Coal, which last year signed a local deal with government agency IDC to supply 70,000 tonnes of washed coal to a new bio-ethanol plant that will built in South Africa’s Eastern Cape.</p>
<p>The firm has also been involved in discussions with IDC about the funding of Elitheni, </p>
<p>It said today that it is still involved in active negotiation on the finalisation of its funding programme and is intent on finalising the best deal for all shareholders. </p>
<p>“The funding programme is being structured in order to allow SNR to deliver the first coal shipments to Trasteel by the middle of 2012. A further update on the funding programme will be made at the appropriate time,” it said.</p>
<p>Steel supplier and commodity trader Trasteel has an agreement to take all coal for export mined from SNR's Elitheni coal mine in the Eastern Cape up to an initial 2 million tonnes.</p>
<p>The first shipment under the contract will be loaded in June 2012, with 500,000 tonnes of coal scheduled to be shipped during the following twelve months.</p>
<p>At the time, Strategic Natural said the order represented less than 1% of the already proven Elitheni coal deposit of 150Mt.</p>
<p> </p> ]]></description>
<pubDate>Wed, 22 Feb 2012 07:49:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/39268/strategic-natural-increases-resources-at-elitheni-by-a-third-39268.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Resources Update ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120222snrp8579x/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 22 Feb 2012 07:00:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120222snrp8579x/</guid>
</item>
<item>
<title><![CDATA[News - Strategic Natural Resources updates on Elitheni development ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/38644/strategic-natural-resources-updates-on-elitheni-development-38644.html</link>
<description><![CDATA[<p><a href="http://proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>) gave an update today about the funding of its Elitheni coal mine.<br /><br />The firm noted the "statement made by the CEO of the Industrial Development Corporation of South Africa (IDC) at the weekend", which "confirmed that the IDC would be funding the development of SNR's 74 per cent owned subsidiary, Elitheni Coal (Pty) Ltd".<br /><br />Today, in a statement to the stock exchange, <a href="http://proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> said: "SNR confirms that, whilst it is in discussions with the IDC, these discussions remain on-going and form part of SNR's wider discussions with other parties in relation to finalising its funding needs."<br /><br />It added that further announcements would be made at an appropriate time.<br /><br />In December last year, the company announced a deal for selling coal from the mine.<br /><br />The agreement was signed between Elitheni Coal (Pty) Ltd and government agency - IDC.<br /><br />Elitheni will supply 70,000 tonnes of coal each year to a bio-ethanol plant that will built in South Africa’s Eastern Cape. The plant will produce its own power fuelled by Elitheni's coal, SNR said. The shipments are expected to start in 2013.<br /><br />A government backed finance institution, named the Industrial Development Corporation, is fully funding the bio-ethanol project, the firm had said.<br /><br />The supply agreement has an initial term of 20 years and during this time Elitheni would provide a total of 1.4 million tonnes of coal to the plant.<br /><br />The coal will be sold at a fixed price, although it will be increased with inflation linked to South Africa's producer price index, the company said.</p> ]]></description>
<pubDate>Mon, 06 Feb 2012 12:06:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/38644/strategic-natural-resources-updates-on-elitheni-development-38644.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Statement regarding IDC ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120206snrp8539w/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 06 Feb 2012 11:10:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120206snrp8539w/</guid>
</item>
<item>
<title><![CDATA[RNS press release - Change of Broker ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120104snrp0140v/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 04 Jan 2012 17:10:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120104snrp0140v/</guid>
</item>
<item>
<title><![CDATA[News - Strategic Natural Resources advance on coal supply deal in South Africa ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/36958/strategic-natural-resources-advance-on-coal-supply-deal-in-south-africa--36958.html</link>
<description><![CDATA[<p>
<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> (<a href="/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>) shares advanced around 6 per cent this morning with the news of a new deal to sell coal from the Elitheni coal mine.</p>
<p>The agreement was signed between SNR’s 74 per cent owned associate Elitheni Coal (Pty) Ltd and a government agency.</p>
<p>Elitheni will supply 70,000 tonnes of coal each year to a bio-ethanol plant that will built in South Africa’s Eastern Cape. The plant will produce its own power fuelled by Elitheni's coal, SNR said.</p>
<p>The shipments are expected to start in 2013.</p>
<p>A government backed finance institution, called the Industrial Development Corporation, is fully funding the bio-ethanol project.</p>
<p>"We are delighted to be a part of this IDC funded project,” said chief executive David Nel. </p>
<p>“Supplying our coal to local industry is a strategy we as a company have considered to be viable for a long time and it is encouraging to see our endeavours come to fruition after a great deal of interaction with the IDC.”</p>
<p>“Although Elitheni will primarily be an export mine, given its significant reserves, the company will continue to work with local industry with the aim of supplying coal for use in industrial steam and power production." </p>
<p>The supply agreement has an initial term of 20 years and during this time Elitheni would provide a total of 1.4 million tonnes of coal to the plant.</p>
<p>The coal will be sold at a fixed price, although it will be increased with inflation linked to South Africa's producer price index. </p>
</p> ]]></description>
<pubDate>Wed, 14 Dec 2011 10:42:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/36958/strategic-natural-resources-advance-on-coal-supply-deal-in-south-africa--36958.html</guid>
</item>
<item>
<title><![CDATA[News - Strategic Natural Resources on track to deliver first coal orders by spring ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/36193/strategic-natural-resources-on-track-to-deliver-first-coal-orders-by-spring-36193.html</link>
<description><![CDATA[<p>Shares in <a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/strategic-natural-resources-1517.html" class="companyPopupTrigger" rel="1517">LON:SNRP</a>) improved a little in early trading today after the South Africa-focused coal miner said that it remained on schedule to deliver its first orders by the spring of next year.</p>
<p>By 9:10am shares in the firm were up 3.3 per cent at 12.65 pence each after the firm reported results for the six months to the end of August.<br /><br />In its results statement it said that it had developed a mining plan to that would ensure the most cost-effective way to deliver against its first orders and that opencast workings have been targeted for full production by February 2012, with underground workings to begin in April.</p>
<p>Current negotiations with suppliers of washing plants have led the firm to expect that a 150 tonne per hour module will be commissioned by the end of April, which will allow it more than enough time to begin shipping ‘beneficiated’ (higher grade) coal by June.</p>
<p>The firm has also signed a memorandum of understanding with a private rail company to provide the rail services and rolling stock necessary to begin rail operations to the ports of East London and Coega. In addition to its initial export order, the firm is in discussions with third parties regarding further off-take of coal on a long-term baisis.</p>
<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a> added that around 100 holes have been drilled since May 2011, with more than half of these yielding coal. Drilling is planned to begin in January.</p>
<p>“SNR have made further significant progress in the last six months towards contracting out the mining operations and sourcing plant and equipment,” said David Nel, <a href="http://www.proactiveinvestors.co.uk/companies/overview/1517/Strategic+Natural+Resources" class="companyPopupTrigger" rel="1517">Strategic Natural Resources</a>’ chief executive officer. “We remain confident we will be able to deliver our first orders on schedule and we anticipate being able to update our competent persons report (CPR) in Q1 of 2012 and will update our resource statement at that time.”</p>
<p>During its first half of its 2012 financial year, the firm made a loss of £975,000 (H1 2011: £470,000).</p> ]]></description>
<pubDate>Mon, 28 Nov 2011 09:57:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/36193/strategic-natural-resources-on-track-to-deliver-first-coal-orders-by-spring-36193.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Unaudited interims for 6 months ended 31 Aug 2011 ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/111128snrp8433s/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 28 Nov 2011 07:00:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/111128snrp8433s/</guid>
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A recent funding and separate coal sales deal sets up the Strategic Natural Resources’ Elitheni coal project through to the start of production.
Family-owned Richardson Capital ploughed £8 million into the group, giving it a 29.9 per cent stake.
"The finalisation of this negotiation is the culmination of many months of work identifying and negotiating with prospective investors,” boss David Nel said recently.
Separately steel supplier and commodity trader Trasteel has agreed to take export coal mined from Elitheni, which is in South Africa’s Eastern Cape, up to an initial 2 million tonnes.
Director Jeremy Metcalfe will talk investors in Dublin and Manchester through the group's prospects as it moves through the development phase whilst maintaining a keen eye on exploration.
A strong end to a topsy-turvy 2011 saw a reserves and production increase by over 35 per cent at Caza Oil & Gas.
Well-funded, it has the financial wherewithal to bankroll its drilling aspirations.
Work is already underway on the Sombrero prospect in Lea County, New Mexico, where it has a 20 per cent stake.
But this is just one of a number of exciting developments this year.
Bringing us bang up to date will be chief executive Mike Ford, who will be in Dublin, London and Manchester.
City firm Collins Stewart rates Vancouver headquartered Rathdowney Resources as the standout stock among junior zinc explorers.
The Euro-centred Canadian firm is developing the Olza project in Southern Poland as well as exploring Ireland, with assets in Cork, Westmeath, Laois, Meath and Galway.
"We view Rathdowney as a technically sound, low risk, relatively low capital intensity zinc play, located in an investor friendly jurisdiction with excellent infrastructure and existing smelting facilities nearby," said Collins Stewart analyst Andrei Kroupnik.
Joining us in Dublin to tell us more about the company and its prospects will be chief executive John Barry.
As one of the early entrants into Morocco, Longreach Oil and Gas already has an impressive landholding in what is quickly becoming a hot-spot for exploration.
In Dublin, Andrew Benitz will share with investors his view on what he believes to be the “last under-explored basin in North Africa”.
Regular attendees will already know plenty about Lydian International's exciting Amulsar gold project in Armenia.
In January, Lydian reported a major resource upgrade at the project. It gave Amulsar a further 700,000 ounces of gold and took total resources to 3.2 million ounces.
After a major drilling programme, the focus now is on developing the project, which is due to go into full production in 2014.
Bringing us up to speed with events will be chief executive Tim Coughlin when he joins us in London.
Beacon Hill Resources is one of AIMs most followed coal stocks. The flagship Minas Moatize operation began coking coal production last month. Located in the Tete region of Mozambique, near major infrastructure projects and iron ore mines, it has a lot of promise.
Justin Lewis will be present in London to talk about the ramp-up and expansion of this exciting project.
West Kirkland Mining has amassed over two dozen exploration properties in Nevada and Ontario as it looks to establish new opportunities in prolific gold districts.
Its announcement earlier this month really caught the eye as it reported significant gold grades and high-grade silver credits from its TUG deposit in Nevada.
It also said a new high priority target area named "12 Mile" has emerged in the Long Canyon trend. In 2012, West Kirkland has completed eight holes on the TUG property, extending the deposit a further 200 metres to the northwest.
Knox Henderson will be present in London to talk UK investors through its prospective project portfolio.
Simba Energy has a number of exciting opportunities in Africa and recent industry successes are making investors sit up and take notice of this junior explorer.
Director Hassan Hassan will be presenting in Manchester to tell investors more about the group's projects, which are on the doorstep of high-profile ventures.
Coal miner Strategic Natural Resources (LON:SNRP) today upped the coal reserves estimates at Elitheni in South Africa by a third, but said it had still only explored a fraction of its acreage.
Based on work its phase 1-4 of Elitheni’s drilling areas, the firm said it had identified a further 53 million tonnes of coal resource to take to total to 203 million tonnes.
“The approximate 200 million tonne coal resource we now estimate exists on only 8,500 hectares, which is less than 5% of our total 184,000 hectare rights area, " said chief executive David Nel.
The latest estimate was an internal assessment and the firm has appointed Golder Associates to verify the extra coal, which consisted of 883,000 tonnes of measured resources, 21 million tonnes indicated and 31.8 million tonnes inferred.
Strategic Natural added it has started work on phase exploration at Elitheni, but given the size of the area at 119,000 hectares it has started by marking all outcrops and old shaft entrances.
So far, It has confirmed 14 outcrops and informally accessed shaft entrances on only 5 of the 299 farms in Phase 5.
Strategic Natural has a 74% stake in Elitheni Coal, which last year signed a local deal with government agency IDC to supply 70,000 tonnes of washed coal to a new bio-ethanol plant that will built in South Africa’s Eastern Cape.
The firm has also been involved in discussions with IDC about the funding of Elitheni,
It said today that it is still involved in active negotiation on the finalisation of its funding programme and is intent on finalising the best deal for all shareholders.
“The funding programme is being structured in order to allow SNR to deliver the first coal shipments to Trasteel by the middle of 2012. A further update on the funding programme will be made at the appropriate time,” it said.
Steel supplier and commodity trader Trasteel has an agreement to take all coal for export mined from SNR's Elitheni coal mine in the Eastern Cape up to an initial 2 million tonnes.
The first shipment under the contract will be loaded in June 2012, with 500,000 tonnes of coal scheduled to be shipped during the following twelve months.
At the time, Strategic Natural said the order represented less than 1% of the already proven Elitheni coal deposit of 150Mt.
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Strategic Natural Resources (LON:SNRP) shares advanced around 6 per cent this morning with the news of a new deal to sell coal from the Elitheni coal mine.
The agreement was signed between SNR’s 74 per cent owned associate Elitheni Coal (Pty) Ltd and a government agency.
Elitheni will supply 70,000 tonnes of coal each year to a bio-ethanol plant that will built in South Africa’s Eastern Cape. The plant will produce its own power fuelled by Elitheni's coal, SNR said.
The shipments are expected to start in 2013.
A government backed finance institution, called the Industrial Development Corporation, is fully funding the bio-ethanol project.
"We are delighted to be a part of this IDC funded project,” said chief executive David Nel.
“Supplying our coal to local industry is a strategy we as a company have considered to be viable for a long time and it is encouraging to see our endeavours come to fruition after a great deal of interaction with the IDC.”
“Although Elitheni will primarily be an export mine, given its significant reserves, the company will continue to work with local industry with the aim of supplying coal for use in industrial steam and power production."
The supply agreement has an initial term of 20 years and during this time Elitheni would provide a total of 1.4 million tonnes of coal to the plant.
The coal will be sold at a fixed price, although it will be increased with inflation linked to South Africa's producer price index.
]]>By 9:10am shares in the firm were up 3.3 per cent at 12.65 pence each after the firm reported results for the six months to the end of August.
In its results statement it said that it had developed a mining plan to that would ensure the most cost-effective way to deliver against its first orders and that opencast workings have been targeted for full production by February 2012, with underground workings to begin in April.
Current negotiations with suppliers of washing plants have led the firm to expect that a 150 tonne per hour module will be commissioned by the end of April, which will allow it more than enough time to begin shipping ‘beneficiated’ (higher grade) coal by June.
The firm has also signed a memorandum of understanding with a private rail company to provide the rail services and rolling stock necessary to begin rail operations to the ports of East London and Coega. In addition to its initial export order, the firm is in discussions with third parties regarding further off-take of coal on a long-term baisis.
Strategic Natural Resources added that around 100 holes have been drilled since May 2011, with more than half of these yielding coal. Drilling is planned to begin in January.
“SNR have made further significant progress in the last six months towards contracting out the mining operations and sourcing plant and equipment,” said David Nel, Strategic Natural Resources’ chief executive officer. “We remain confident we will be able to deliver our first orders on schedule and we anticipate being able to update our competent persons report (CPR) in Q1 of 2012 and will update our resource statement at that time.”
During its first half of its 2012 financial year, the firm made a loss of £975,000 (H1 2011: £470,000).
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