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.
Continental Coal director increases holding in company
Continental Coal's (LON:COOL, ASX: CCC) executive director Jason Brewer has upped his stake in the firm.
Brewer bought 50,000 shares indirectly for a consideration of $8,593.50 on December 21 this year in an on-market trade, the company said.
He now holds an indirect stake of 525,000 shares and 5 million unlisted director options exercisable at $0.075 on or before 31 December 2013.
Last week, the company announced it had achieved an 18 per cent increase on the average monthly tonnes of run of mine coal production for November, compared to the September quarter, at the Vlakvarkfontein Coal Mine in South Africa.
The mine produced 111,142 tonnes, with 105,807 tonnes of thermal coal sales made to the South African domestic market during the month.
Thermal coal sales from the mine in October and November totalled 222,929 tonnes and the operation is on track to exceed 300,000 tonnes of sales for the December quarter.
