https://www.miningweekly.com

Continental Coal to list on JSE by Q4

5th July 2013

By: Natalie Greve

Creamer Media Contributing Editor Online

  

Font size: - +

JOHANNESBURG (miningweekly.com) – ASX- and Aim-listed Continental Coal on Friday announced its intention to list on the main board of the JSE.

The South African thermal coal company described the move as a strategic initiative to enhance its growth prospects, facilitate investment by Africa-domiciled investors and augment stakeholder relations in South Africa, as it accelerates its growth profile.

The company was to develop its fourth thermal coal operation, the De Wittekrans mine, later this year.

CEO Don Turvey said strong performances by several South Africa-listed thermal coal companies over the past 12 months had demonstrated a high level of local support, as well as a recognition of the strength of South Africa's coal sector.

He added that sophisticated African institutional investors were strong supporters of Africa-focused resources companies, particularly those in production and, in most instances, were more comfortable trading on the JSE than on other exchanges.

“Being listed on the JSE is an important milestone for Continental, not only because it links us directly to the financial markets in South Africa, but also because it allows stakeholders in our business to participate in the growth of the company,” he commented.

Continental, which planned to complete the listing in the fourth quarter of this year, had appointed Investec Bank as sponsor and financial advisor for the proposed listing.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

ASTPM
ASTPM

Established in 1983, the ASTPM is an industry association and representative body of the welded carbon steel tube and pipe manufacturers of South...

VISIT SHOWROOM 
AirNox Pty Ltd
AirNox Pty Ltd

AirNox (Pty) Ltd is a level 1 BBBEE manufacturer of complete AdBlue® solutions for operators of SCR diesel engines and AUS40 across South Africa...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.064 1.219s - 110pq - 2rq
Subscribe Now