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CIC Energy Corp. is engaged in the acquisition, exploration, development and operation of coal properties in Botswana. The Company indirectly holds three licences in the Mmamabula coalfield in south-eastern Botswana.
Recent Sector News
Normally it wouldn’t merit mentioning the share buying activity of the wife of the MD and a non-executive director. However in the case of Atlantic Coal, they are two in a series of stock purchases dating back to October that have piqued the interest of investors. In that time the share price has advanced around 45%.
Shares in Oracle Coalfields were up 50% earlier this morning after the group secured a second Chinese partner that will help it develop the power potential of its Thar lignite deposit in Pakistan. Chief executive Shahrukh Khan told Proactive Investors: “All the pieces of the jigsaw are fitting together very well.”
Oracle Coalfields has brought on board a second Chinese partner to help it develop the power potential of its Thar lignite deposit in Pakistan.
Ncondezi Energy's finalised power purchase agreement with Mozambique utility EdM, earmarked for Q1, next year and the financial close of its coal-fired power project at the end of 2014 represents a significant "value unlock" moment, says the firm's chief development officer Hanno Pengilly.
Shares in Atlantic Coal shot up on Thursday after it revealed a deal which will see its Pennsylvania-mined anthracite coal exported to energy-hungry China.
US-focused Atlantic Coal reported strong coal production in its third quarter as it looks to boost output further in the final quarter of the year
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