Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
PE starts load shedding 38 minutes ago Http://www.fin24.com/Companies/Industrial/PE-starts-load-shedding-20140306-3
No longer invested here - but on my watch list. When is this company going to turn around !
I hope there is someone there now to get it started then..... Three lines there of interest to Elitheni if they want to ship coal out of phase 5 to Coega as well....... Branch line concession target is May 2015 – Public Enterprises 28-02-2014 - The Department of Public Enterprises says that it will oversee the introduction of “multiple private rail operators on the branch line network to revitalise the rail network” by March next year. The commitment to revive the moribund branch line concession process is given in the memorandum to the department’s budget tabled with the National Budget on Wednesday. Public Enterprise Minister stated in reply to a question in the National Assembly as far back as November 2012 that Transnet Freight Rail in-tends to concession the narrow gauge railway lines in Nelson Mandela Bay. In addition, he said, a number of branch lines in the Eastern Cape had been earmarked for concession including the Umtata-Amabele line; Sterkstroom-Maclear; Stormberg- Rosmead lines; Dreunberg Aliwal North to Barkley East lines; the Rosmead Klipplaat line; Alicedale-Grahamstown-Port Alfred line; and Barkley Bridge-Alexandria line. Gigaba said timelines for these concessions “will be an outcome of the engagement processes with stakeholders” – a feasibility study on the Apple Express is currently underway funded by Economic Development, Environmental Affairs and Tourism. Http://www.getnews.co.za/story?id=2474
Parliament passes Infrastructure Bill 25.2.2014 01.48 pm Http://citizen.co.za/133617/parliament-passes-infrastructure-bill/
Eastern Cape looking at second SEZ around Queenstown 25-02-2014 - Http://www.getnews.co.za/story?id=2462
Second reading of the Infrastructure Development Bill Http://www.gov.za/speeches/view.php?sid=43869 Infrastructure bill introduced November 13 2013 Http://www.iol.co.za/business/news/infrastructure-bill-introduced-1.1606751
Heh ho looks like Mr Ruhan is now happy to invest!!
Good article Http://www.polity.org.za/article/doe-eskom-make-nuclear-localisation-moves-2014-02-17
But persistence eventually paid off and after numerous meetings with high-net-worth individuals, Mr Mellon managed to secure up to €30m for a number of projects in Africa. One of the first projects was MMS Developments, a mixed housing, roads and services development on the Eastern Cape area of South Africa. Mr Mellon said MMS has helped to create around 600 jobs in one of the most undeveloped regions in the country. He also became involved in Elitheni Coal, a mining company in the town of Indwe in the Eastern Cape.
Good article.. Http://www.bdlive.co.za/business/energy/2014/02/13/if-electricity-bill-is-not-passed-it-will-be-a-disaster
Elitheni Coal had resolved its immediate financial challenges and production would resume at the mine, 90 km north-east of Queenstown, creating a significant number of both direct and indirect jobs. The company was now looking to secure long-term financing. Further, in December, the DEDEAT launched the two-year, R16-million, first phase of shale gas exploration across four of its district municipalities, namely the Cacadu, the Amathole, the Joe Gqabi and the Chris Hani district municipalities. The DEDEAT also previously pointed out that the shale project dovetailed with the initiative to make the Eastern Cape a “new energy hub” of South Africa that included a substantial number of wind farms and potentially a nuclear power plant. “This year will also see the completion of the feasibility study for Project Mthombo, the oil refinery planned for the Coega IDZ, and a decision will then be taken on whether to proceed with the front-end engineering design stage, which involves the detailed design,” the DEDEAT said. While the decision on the construction of Nuclear 1 at Thyspunt was likely to be delayed, the department said the focus would remain on exploration for shale gas and what it dubbed the “big gas” scenario. “And that holds enormous prospects for the Eastern Cape.”
Elitheni will capitalize on the fact that its coal is a smokeless fuel with an exceptionally low sulphur and phosphorous content. The principal intended commercial uses for Elitheni’s coal therefore include: The principal market for coal from the Elitheni coal fields will be as exported product typically to India, South Korea and Turkey. Access to the port of East London via an existing railway system from the mine mouth to port provides the Company with a massive export advantage. Other markets are as follows:- fuel for primary energy supply to industrial customers; a reductant for use within the metallurgical industry; an additive and primary energy source for the brick-making industry; fuel for domestic consumption; fuel to supply fluidised bed boilers for use in large power stations.
SNRP ARE THE ONLY COAL MINING COMPANY IN THE CAPE. JOHANNESBURG (mining weekly.com) – India’s State-owned coal mining company Coal India Limited (CIL) and South Africa’s Department of Trade and Industry (DTI) have teamed up to explore mutual prospects and opportunities in South Africa’s mining industry value chain. The parties this week met on the sidelines of the Investing in African Mining Indaba, held in Cape Town from February 3 to 6, to discuss a potential boost to trade relations between the two countries. The DTI said on Tuesday that CIL had been mapping the South African coal mining industry, with an interest in acquiring mining concessions and information on how best to exploit coal deposits in a way that serves the best interest of all stakeholders.
Strategic Natural Resources PLC ("SNR") was formed on October 5th 2004 to establish the presence of and ultimately to exploit a variety of natural resources on a global basis. By the middle of 2006 it had identified a potentially large coal deposit in South Africa. As a consequence, the Company was launched on the Alternative Investment Market ("AIM") of the London Stock Exchange on the 7th August 2007 raising initial capital sufficient to enable it to carry out a detailed exploration programme over some 9000 hectares of highly prospective territory. A large resource of over 266,000,000 tonnes of coal has since been discovered; the Company having only drilled some 5% of the total area under licence. The potential for the discovery of further significant tonnage of coal remains undiminished. Now, some 5 years later, SNR is the only major coal producer established in the Eastern Cape with its own rail line and dedicated sea port at East London. It is currently preparing the first 2million tonnes of coal for which it has a firm off take agreement, for shipment. The principal assets of SNR are held through its 74% owned subsidiary Elitheni Coal (Pty) Limited. The other 26% being held by its BEE partners.
SHOWING BUY ON THE BRITISH BULL
JUST PUT A STOPPER ON HERE IN CASE IT FALLS THROUGH A HOLE AT THE BOTTOM, HOPEFULLY IT WILL GO THE OTHER WAY.
NOT MUCH HAPPENING HERE
http://www.genii-capital.com/index.php?contenu_id=53&lang=en
If ever there was a time for outside investment........ Http://www.fin24.com/Markets/Currencies/Rate-hike-fails-to-halt-rand-sell-off-20140130