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Additional Information
Market: ASX
Sector: General Mining - Coal
EPIC: CCC
Latest Price: A$0.13  (-3.85% Descending)
52-week High: A$0.54
52-week Low: A$0.13
Market Cap: A$53.84M
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Continental Coal
www.conticoal.com

Continental Coal Ltd (ASX:CCC) is a South African coal exploration and development company with current JORC resources of over 300Mt.  Continental holds interests in a number of early stage and advanced stage exploration assets in various established South African Coal mining regions.

CCC was formed to take advantage of the robust domestic and global demand for coal, with particular focus on South Africa, Botswana, Mozambique and Zimbabwe.

Full Continental Coal profile here
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Continental Coal to proceed with 1 for 10 share consolidation

19th Jul 2011, 8:04 am

Continental Coal (ASX: CCC) will proceed with a one for 10 share consolidation following shareholder approval at the company’s general meeting on June 29 2011.

The share consolidation is pending finalisation of a number of key transactions expected in August 2011.

Continental Coal continues to move operations forward quickly in South Africa, highlighted by the decision earlier in the month to accelerate payments of an option to acquire the outstanding 35.9% minority interests in Mashala Resources.

Mashala also includes the underlying Ferreira Export Thermal Coal Mine, Delta Processing Operations and Penumbra and De Wittekrans Export Thermal Coal Projects.

Continental said the acquisition will improve operating efficiencies and simplify operating and reporting procedures, along with greater cash flows.

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