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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: U.S. investment group Socius CG II boosts shareholding to 9.47%

11th Nov 2011, 12:21 am

Continental Coal’s (ASX: CCC) substantial shareholder U.S. investment group Socius CG II now holds a 9.47% interest, up from 6.86%, in the company after it purchased additional shares during August and October.

The company is continuing to move operations forward quickly in South Africa. It is making solid progress with development activities and site construction works being undertaken at the Penumbra coal mine.

First production from the underground mining operation is forecast to commence in the second quarter of 2012 with full production targeted to be achieved in the third quarter of 2012.

The Penumbra coal mine is on track to produce 500,000 tonnes per annum of a high quality export thermal coal product.

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