Proactiveinvestors United Kingdom - General Mining - Coal RSS feed Proactiveinvestors United Kingdom - General Mining - Coal feed en Sat, 20 Jan 2018 11:29:50 +0000 Genera CMS Oracle Power tidies up ownership of coal mining lease in Pakistan Fri, 12 Jan 2018 15:40:00 +0000 Oracle Power raises over £770K through share placement and warrant exercise Thu, 28 Dec 2017 12:44:00 +0000 Oracle Power sees the finish line at Thar Fri, 24 Nov 2017 10:59:00 +0000 Oracle Power signs MoU with China state-owned firms to advance Pakistan coal assets Tue, 21 Nov 2017 07:36:00 +0000 Oracle Power submits power plant proposal to regulator in Pakistan Wed, 15 Nov 2017 07:44:00 +0000 Oracle Power marks ‘important milestone’ as Chinese tie-up in Pakistan advances Wed, 01 Nov 2017 07:42:00 +0000 Oracle Power looks for new opportunities after Thar agreement Fri, 29 Sep 2017 09:39:00 +0100 Oracle Power agrees in principle MOU with two Chinese State-owned firms for full development, funding of flagship Thar project Wed, 27 Sep 2017 09:51:00 +0100 Oracle Power arranges £1mln loan as Pakistan talks continue Mon, 25 Sep 2017 08:20:00 +0100 Coal of Africa shares higher as it settles dispute with Rio Tinto Minerals Development Limited Wed, 05 Jul 2017 09:26:00 +0100 Oracle Coalfields given July date for environmental hearing on Thar power station project Wed, 21 Jun 2017 07:29:00 +0100 Oracle Coalfields making progress on Thar power station finance talks says chief executive Thu, 08 Jun 2017 08:11:00 +0100 Better backdrop in Pakistan aids Oracle Coalfields' power station plans Wed, 10 May 2017 15:18:00 +0100 Oracle Coalfields takes encouragement from progress on power station project next door Wed, 10 May 2017 12:49:00 +0100 Edenville Energy surges as trial mining starts at Tanzania project on significant coal-supply interest Thu, 12 Jan 2017 15:50:00 +0000 Oracle Coalfields moves closer to Thar funding with CPEC support Mon, 09 Jan 2017 07:38:00 +0000 International tribunal throws out Churchill Mining's damages claim against Republic of Indonesia Wed, 07 Dec 2016 10:20:00 +0000 Churchill Mining shares suspended with crucial tribunal decision imminent Tue, 06 Dec 2016 11:57:00 +0000 Churchill Mining has support and could kick on to 42p Thu, 20 Oct 2016 17:15:00 +0100 This resource investment stock could really fly Tue, 18 Oct 2016 18:35:00 +0100 Oracle Coalfields brings in finance big-hitter as director Tue, 04 Oct 2016 07:47:00 +0100 Oracle Coalfields plotting course to financial close at Thar project Wed, 14 Sep 2016 08:06:00 +0100 Universal Coal Plc begins production at second coal mine in South Africa Universal Coal Plc (ASX:UNV) is set to significantly increase overall sales of thermal coal after commencing production at its second coal mine, the New Clydesdale Colliery (NCC) in South Africa.

The first production of run-of-mine (ROM) coal occurred on 8 September 2016 from the Diepspruit underground area at NCC, with the first continuous miner section coming on stream.

The anticipated production from the NCC phase 1 underground operation is 900,000 tonnes per annum ROM of export quality thermal coal destined for export markets.

NCC, located in South Africa's premier coal region in the Witbank basin, hosts a JORC 2012 mineral resource of 130.4 million tonnes thermal coal, sufficient for over twenty years of operation.

Universal’s first project, Kangala Mine in South Africa, achieved record ROM production of 3.2 million tonnes in FY2016.

The record sales of 2.04 million tonnes helped the company generate unaudited group EBITDA of $17 million in FY2016, up 16% from FY2015.

Universal is finalising agreements with potential offtake partners for the NCC phase 1 product, with the first coal sales anticipated this month.

The phase 2 development at NCC continues to advance in line with long-term offtake discussions.

The second phase will be an open pit development at the adjacent Roodekop project, delivering up to a further 2 million tonnes per annum ROM of thermal coal.

Australian thermal coal prices from the port of Newcastle have jumped around 35% from mid-June to around US$70 a metric ton now.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

Fri, 09 Sep 2016 05:00:00 +0100
Coalbank Ltd among ASX % Gainers intra-day Wednesday's leading ASX % Gainers intra-day.

Company NameCodeLastChangeVolume
Coalbank Ltd CBQ $0.004 100% 29,208,360
NuCoal Resources Ltd NCR $0.007 75% 9,355,921
Memphasys Ltd MEM $0.007 40% 250,000
Segue Resources Ltd SEG $0.004 33.33% 12,030,000
XPED Ltd XPE $0.045 28.57% 109,512,971
Manas Resources Ltd MSR $0.005 25% 5,538,500
Centaurus Metals Ltd CTM $0.021 23.53% 25,605,380
Cokal Ltd CKA $0.045 21.62% 5,110,040
South American Iron & Steel Corporation Ltd SAY $0.006 20% 45,000
East Energy Resources Ltd EER $0.006 20% 102,677


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

Wed, 07 Sep 2016 02:30:00 +0100
Aspire Mining Ltd receives interest from China Development Bank to fund railway Tue, 06 Sep 2016 05:00:00 +0100 Universal Coal Plc to cash in on rising coal prices with second mine Universal Coal Plc (ASX:UNV) remains on schedule for the re-commissioning of the New Clydesdale Colliery (NCC) in South Africa, with the first coal expected in September 2016.

NCC is the company’s second operation and enhances Universal’s position as a multi-mine coal producer with an increased exposure to the improving export thermal coal market.

Universal’s first project, Kangala Mine in South Africa, achieved record run-of-mine (ROM) production of 3.2 million tonnes in FY2016.

Record sales of 2.04 million tonnes helped the company generate unaudited group EBITDA of A$17 million in FY2016, up 16% from FY2015.

The second project, NCC, located in South Africa's premier coal region in the Witbank basin hosts a JORC 2012 mineral resource of 130.4 million tonnes, sufficient for over twenty years of operation.

NCC will initially commence with 900,000 tonnes per annum ROM from the underground operation placed on care and maintenance by the previous owner, producing export quality thermal coal.

A second-phase open pit development will commence upon securing an offtake agreement, adding a further 2 million tonnes per annum ROM of primarily thermal coal.

Universal’s CEO Tony Weber has indicated that the company will be in a good position to consider shareholder returns, including dividends, once the second phase of NCC is up and running in a steady state.

Interestingly, less than a year after the coal industry was declared to be in terminal decline, cargo prices for Australian thermal coal have soared over 35% since mid-June to almost $US70 a tonne.


Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

Tue, 23 Aug 2016 07:00:00 +0100
Polo's investee company Blackham raises funds Fri, 19 Aug 2016 07:20:00 +0100 Aspire Mining Ltd begins study to develop valuable rail corridor Thu, 18 Aug 2016 01:00:00 +0100 Edenville shares soar after Tanzania coal import ban Mon, 15 Aug 2016 08:08:00 +0100 Bathurst Resources Ltd among ASX % Gainers intra-day Friday's leading ASX % Gainers intra-day.

Company NameCodeLastChangeVolume
Bathurst Resources Ltd BRL $0.022 46.67% 4,041,742
Bisan Ltd BSN $0.004 33.33% 262,500
Manas Resources Ltd MSR $0.004 33.33% 10,187,278
Vector Resources Ltd VEC $0.004 33.33% 300,000
Alara Resources Ltd AUQ $0.026 30% 1,107,329
Gold Mountain Ltd GMN $0.067 26.42% 723,980
Moko Social Media Ltd MKB $0.005 25% 1,173,670
Empire Resources Ltd ERL $0.045 21.62% 13,510,440
Alicanto Minerals Ltd AQI $0.340 21.43% 653,979


Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

Fri, 12 Aug 2016 02:30:00 +0100
Coal of Africa officially rebrands as MC Mining David Brown, chief executive of Coal of Africa Limited (LON:CZA) spoke to Proactive just hours after their AGM in which shareholders gave the green light to rename as MC Mining.

The junior miner's also announced it wants to consolidate its issued share capital through the conversion of every 20 shares into one share.

Brown tells Andrew Scott the renaming of the company's to better reflect its new focus on their metallurgical coal prospects.

Fri, 24 Nov 2017 15:02:00 +0000
Oracle Power hails funding MoU with two chinese state-owned enterprises Shahrukh Khan, chief executive of Oracle Power PLC (LON:ORCP), discusses with Proactive their memorandum of understanding (MoU) with two China state-owned companies to advance their lignite coal mine and power station project in Pakistan.

The UK energy developer said the MoU with Sichuan Provincial Investment Group Co. Limited (SCIG) and PowerChina International Group Limited records the intention to proceed to a formal agreement to collaborate in setting up, constructing, owning and operating the company’s flagship Thar project.

Wed, 22 Nov 2017 13:05:00 +0000
Zak Mir: Edenville Energy can go as high as 1.5p Shares in Tanzania coal/power station group Edenville (LON:EDL) have bounced above 200 day line of 0.62p and broken the 50 day trend of 0.77p. While they are above this rising channel trend they can return to previous resistance line, or up to 1.5p.

Thu, 27 Apr 2017 12:46:00 +0100
Polo Resources shares tipped to reach 12-14p in coming months Polo Resources Limited (LON:POL) shares are still seen in a rising trend, so says technical analyst Zak Mir.

In a Tip TV segment for Proactive Investors Mir highlights that the 6.68p level is the main support for Polo Resources shares and he reckons the price could reach 12-14p in three to four months.

Fri, 09 Dec 2016 11:13:00 +0000
Churchill Mining has the technical momentum to add 50%, says Zak Mir Churchill Mining PLC (LON:CHL), the Indonesian-focused coal miner, has technical support to add another 50% onto its current share price, according to chartist Zak Mir.

The King of Charts, in a TIP TV segment for Proactive, reckons the stock has the potential to hit 42p, a claim which he says is backed up by the technical analysis.

“The 200 day moving average, at 21 pence and rising, are presumably providing some positive momentum for the stock.”

He adds that the technical target of 42p is valid while shares remain above 25p.

Thu, 20 Oct 2016 12:45:00 +0100
Polo Resources could recover some 150% to around 14p in 2017, says Zak Mir The chart for Polo Resources Plc (LON:POL) shows the share has put in the basis of a recovery that could eventually see the price rise around 150% to return to the 14p level, so says technical analyst Zak Mir.

In a Tip TV segment for Proactive Investors, Mir highlights the “big turnaround” in the Polo Resources chart, which earlier this year officially marked a switch from a bear trend to a bull trend.

Technically minded traders ought to look for further progression, and watch out for a move above 6p ahead of further upside, the chartist added.

Tue, 18 Oct 2016 10:47:00 +0100
Ncondezi updates on Chinese collaboration After visiting Mozambique Thursday with a delegation from Shanghai Electric Power to speak with government officials, Ncondezi Energy Limited (LON:NCCL) updates Proactive Investors on the Tete Province project.

Chief development officer Hanno Pengilly says he looks forward to the growing momentum in coming weeks.

He says he hopes investors are confident in the new project.

“This is a serious Chinese company with the relevant experience and balance sheet to actually pull this project off,” says Pengilly.

The objective of the visit was to update local officials on the progress of the Ncondezi project as well as the future plans and timing to develop, fund, build and run the plant.

Fri, 08 Jul 2016 16:19:00 +0100
Ncondezi Energy’s Pengilly on Mozambique plant partner talks Hanno Pengilly, chief development officer of Ncondezi Energy (LON:NCCL) says the company has “significantly progressed” the planned 300 megawatt coal-fired power station in Mozambique’s Tete region.

Speaking to Proactive Investors, he says: “We now have a major partner in the pipeline in the form of Shanghai Electric Power, which has spent 2 years doing due diligence on the project and has decided that of the African thermal coal projects in the region this is the one they want to back”.

The company has until September 30 to reach a binding agreement with the strategic investor, which Pengilly says will bring “huge amounts of credibility”.

Thu, 16 Jun 2016 10:30:00 +0100
Atlantic Coal upbeat on anthracite prospects in Pennsylvania Barney Corrigan, project development director at Atlantic Coal (LON:ATC) says anthracite's wide range of markets and applications makes it more resilient to price fluctuations than standard coal.

The AIM-listed miner is on course to become the leading US producer of high quality anthracite coal, with a focus on its Stockton mine in the North East Pennsylvanian Coalfield, USA.

Speaking to Proactive, Corrigan said the company is looking to acquire new anthracite mines and reserves in Pennsylvania.

Wed, 21 Oct 2015 16:15:00 +0100
Oracle Coalfields CEO on compelling coal/power project in Pakistan Shahrukh Khan, chief executive of Oracle Coalfields (LON:ORCP), gives Proactive an update on developing Pakistan's "largest private sector project in mining and power."

The country is now looking at alternative power solutions such as coal to alleviate the chronic shortfall in electricity generation and is supportive of Oracle’s mine-mouth power station project  in the Thar Coalfield in south-eastern Pakistan.

With consortium partner Shangdong Electric Power Corporation of China (SEPCO), Oracle aims to start developing the project in 2016 and anticipates the mine will be brought into production within two to three years.

Fri, 16 Oct 2015 12:00:00 +0100
Atlantic Coal boss sees anthracite “bonanza”, seeks opportunities to grow Atlantic Coal (LON:ATC) Project Development Director Barney Corrigan tells Proactive Investors about developments at the Stockton mine in Pennsylvania. “A lot of that coal in the areas we have previously been working has been underground, but the area we are now working, right through for the rest of the life of the mine is solid coal… we are doing the same amount of digging, but we are getting a lot more coal” he said.

Corrigan says Atlantic Coal Anthracite prices have fallen from their peak and times have been challenging. “We have got to cut our cloth accordingly, but we budget ahead and you do need to invest to keep an operation like this going, particularly when we’ve got such a bonanza of anthracite

Tue, 30 Jun 2015 16:10:00 +0100
Oracle Coalfields chief says company must now make up for lost time Shahrukh Khan, the chief executive of Oracle Coalfields (LON:ORCP), says the three-month delay to work means the company now has to knuckle down and make up for lost time.

It follows the news the company has received written confirmation that its mining lease over the Block VI of the Thar Coalfield in Pakistan has been restored, having been cancelled in a shock move by the local government last December.

Khan also talks about the prospect of raising the substantial money required to bring the project to fruition.

Mon, 23 Feb 2015 16:28:00 +0000
Lemur Resources CEO on potential acquisitions Anthony Viljoen, the chief executive of Lemur Resources (ASX:LMR), talks about potential asset purchases for the company. He says Lemur, which is majority-owned by Bushveld, is ‘not in a rush’ to make any acquisitions.

Wed, 03 Dec 2014 15:36:00 +0000
Oracle Coalfields signs framework deal for US$1.3bn Thar development The CEO of Oracle Coalfields (LON:ORCP), Shahrukh Khan, tells Proactive Investors that the signing of a framework deal with Chinese firm SEPCO, to develop a coal and power project in Thar, will create one of the largest integrated operations in Pakistan. He also believes that once the finance is in place that groundworks could start in 2015.

Wed, 01 Oct 2014 09:32:00 +0100
Ncondezi closer to becoming Mozambique power producer Hanno Pengilly, Chief Development Officer of Ncondezi Energy (LON:NCCL) tells Proactive Investors the company's draft power purchase agreement submitted to Electricidade de Mozambique (EdM) should be finalised by the end of the current quarter.  Pengilly says Ncondezi is fully funded and won't need to come to the market in the short term as funding requirements for the project will be covered by the co-developer and debt financing market. With a deficit in power supplies in Southern Africa, Pengilly says government support is high for private power infrastructure projects in the region and revenues from the power plant project are anticipated for 2018. .

Thu, 10 Apr 2014 10:12:00 +0100
Celsius Coal is expanding its coking coal asset in the Kyrgyz Republic Alexander Molyneux, Chairman at Celsius Coal (ASX:CLA), says it is hoping to increase its 255mln ton coking coal resource in the Kyrgyz Republic to 400mln tons 'or beyond' in February 2014. Alex explains that the resource is the 'highest coking coal' quality with 'low ash, low moisture, low sulphur and low phosphorus' making it easy to sell.

Tue, 10 Dec 2013 12:42:00 +0000
Oracle Coalfields moving towards mine development next year Shahrukh Khan, CEO of Oracle Coalfields (LON:ORCP), tells Proactive Investors next year will bring 'financial closure' for the company. Another key milestone for 2014 will be moving towards mine development, he says.

Mon, 09 Dec 2013 07:51:00 +0000
Oracle Coalfields clears the way for the Thar coalfield with Chinese agreement Oracle Coalfields (LON:ORCP), gives more detail about the 'excitement' at the company that surrounds the news of a funding and development agreement. ]]> Tue, 24 Sep 2013 08:16:00 +0100 Oracle Coalfields in discussions to find a partner Oracle Coalfields (LON:ORCP), tells Proactiveinvestors that having achieved all the milestones that the company laid out last year it's now moving into a "very critical" stage. Shahrukh explains that this year Oracle has to look at "all options" for financing. This, he says, may include a partner to enable the project to move forward. He considers the possibility of a listing in a second jurisdiction if it's the right thing to do. ]]> Mon, 10 Jun 2013 12:37:00 +0100 Strategic Natural Resources: An Entire Energy Complex - David Nel, CEO Thu, 15 Nov 2012 10:39:00 +0000 Strategic Natural Resources: Are Majors Watching?- David Nel, CEO David Nel, CEO discusses moving from resources to reserves, phase 5 and a potential billion tonne resource in that area alone; also, what impact that may have on South Africa and is the company on the radar of potential future predators

Wed, 07 Nov 2012 09:00:00 +0000
Strategic Natural Resources: Broker Reports and Share Price Valuation - David Nel, CEO Strategic Natural Resources (LON:SNRP) and in part one discusses why the reports were commissioned, how significant savings have been made on funding requirements and the different share price valuations appropriated and his specific thoughts on these ]]> Fri, 02 Nov 2012 06:50:00 +0000 Strategic Natural Resources: 'A Really Compelling Investment' - Don Nicolson, Deputy Chairman BP and Scottish Resources Group CEO and now newly appointed Deputy Chairman of SNR, talks to investors about his career background, what he brings to SNR, the huge potential upside that he believes the stock has and why he believes SNR is such a compelling investment. ]]> Wed, 31 Oct 2012 10:30:00 +0000 Ncondezi CEO discusses the power feasibility study Ncondezi Coal (LON:NCCL) tells Proactiveinvestors that the power feasibility study shows that it’s a very “robust” project with very good economics. Nigel explains that the target is for an 1800MW power station and the company is currently in negotiations with EDM, the Mozambique transmission company, to supply the domestic market with 300MW of power initially. Thereafter, Nigel says, that there may also be an option to export the power that the company produces. ]]> Wed, 19 Sep 2012 10:46:00 +0100 Ncondezi Coal CEO looks ahead to DFS release LON:NCCL) explains to Proactiveinvestors about the reasoning behind the move for the company to include power as part of its central strategy. Nigel also addresses what he calls the 'disconnect' between where the company is and its share price. This as investors awaits the release of the power Definitive Feasibility Study in September and the main project DFS due in Q4.]]> Mon, 20 Aug 2012 13:35:00 +0100 Oracle Coalfields - long term supply agreement with KESC Fri, 20 Jul 2012 11:46:00 +0100 Ncondezi CEO says it's making "strong progress" LON:NCCL) tells Proactive Investors that its coal project in Mozambique is making strong progress as both the Project Definitive Feasibility Study ("Project DFS") and the power plant DFS ("Power DFS") near completion. The company holds two coal exploration licenses in the Tete Province.]]> Mon, 18 Jun 2012 09:10:00 +0100 Strategic Natural Resources CEO says EliTra agreement will help SNR LON:SNRP), tells Proactiveinvestors about the relationship with the commodity trader Trasteel and how it will help the company. David also re-confirmed SNR’s target of producing around 70-80 thousand tons of coal a month by end of this year and THEN the aim is to double that amount by the end of 2013.]]> Mon, 04 Jun 2012 08:00:00 +0100 Strategic Natural Resources has “huge potential” as a coal producer LON:SNRP), 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.]]> Wed, 28 Mar 2012 14:01:00 +0100 Oracle Coalfields CEO talks about the move from exploration to development LON:ORCP), tells Proactiveinvestors that they have moved away from exploration and are now heading towards development of its Thar coalfield in Pakistan. Shahrukh says Oracle is now at the pre-development stage and is confident that with the feasibility stage behind them they have de-risked the project and will succeed in creating potentially one of the largest mines in Pakistan.]]> Thu, 22 Mar 2012 07:51:00 +0000