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Strategic Natural Resources (SNR) announced Monday it has delayed the first shipment of coal from its Elitheni Mine in the Eastern Cape of South Africa. The company said the wash plant at the mine, which started operation last month, has experienced some 'commissioning teething problems' preventi
Read moreRupert Clevely, the Managing Director of Young's & Co Brewery's Geronimo Inns division, sold nearly half a million pounds-worth of shares in the pubs group on Tuesday. Clevely, who co-founded Geronimo Inns, sold 62,688 shares in Young's & Co at 701.3573p a pop, earning himself a total of £439,667.
Read moreAim-listed coal miner Strategic Natural Resources (SNR) said its total mineable coal resources have been independently valued at between 107m and 122m pounds. The South Africa-focused miner said this reflects only 6% of Elitheni's total exploration rights area. SNR also confirmed a maiden probable
Read moreSouth Africa-focused Strategic Natural Resources (SNR) said it had agreed a new 10 million pound loan facility to help it with short term costs. The unsecured loan facility with Land Consultants (LCL), an Isle of Man investment fund, is for a term of up to 12 months and can be taken in amounts of a
Read moreTobacco stocks were performing well on Monday afternoon with sector giants British American and Imperial lighting up the category. The stocks were up 0.74% and 0.79%, respectively, by 15:44 in London. One possible reason for the lift could be a broker note out from Credit Suisse on US peer Philip
Read moreStrategic Natural Resources' (SNR) subsidiary, Elitheni Coal, has agreed a container finance leasing agreement with Thelo Rolling Stock Leasing to help ship coal from its mine in the Eastern Cape of South Africa. Under the terms of the lease agreement, which is for an initial term of six years, The
Read moreShares in Strategic Natural rose after it said the company compiling its resource update was including newly identified areas. The South African miner has commissioned Minxcon to compile a resource update and a full reserve statement covering the company's resource base. "Minxcon are currently in
Read moreSeaEnergy, the offshore wind power firm has seen its stock rise sharply after announcing a tender offer for nearly 28 per cent of its stock. Shareholders could receive up to 6.9m pounds if they take up the company's offer of selling their holdings at 36p per share, a premium of 32.7 per cent over th
Read moreMedoilgas Italia, a subsidiary of Mediterranean Oil and Gas, has announced that its exploration permit BR269 GC has been granted a three-year extension until May 5th 2015 by the Italian Ministry for Economic Development. Chief Executive Bill Higgs said: 'We are pleased that this licence extension ha
Read moreRambler Metals and Mining said gold production in the second quarter of them miner's financial year was 4,022 ounces at its wholly-owned Ming gold and copper mine in Newfoundland. The average daily gold throughput for January was 600 metric tons per day (mtpd) with the highest one day throughput bei
Read moreStrategic Natural Resources' (SNR) subsidiary, Elitheni Coal, has identified about 53m tonnes of additional coal at the phase 1-4 exploration areas. The 74%-owned unit has found an additional 53m tonnes of coal based on the 2011 drilling season comprises around 883,000 tonnes on a measured basis,
Read moreSNR's 74% owned subsidiary, Elitheni Coal has signed a local coal supply agreement with a Bio-Ethanol Project in the Eastern Cape, initiated by the local government. The 20-year agreement is for a total of 70,000 tonnes per year of washed coal from the Elitheni mine to be supplied to a Bio-Ethanol
Read moreStrategic Natural Resources' largest shareholder, Cooch 1095, has pumped £1.9m into the company, increasing its stake 13.75% to 21%. The company subcribed to 10 million shares in the AIM listed South Africa-based coal miner, at a price of 19p each, a 38% premium to the closing mid-market price of
Read moreStephen Williams, a director at the Costa Coffee and Premier Inns owner Whitbread, has more than doubled his stake in the company with a £79,000 purchase. He took 5,000 shares at 1,580p a pop and now has 9,344. Williams was chief legal officer at the household goods giant Unilever from 1993 to 201
Read moreOil company Aminex is excited about prospects in Tanzania where it has a big drilling programme lined up for 2011, but will need more money to pay for it. "In order to fulfil its ambitious 2011 drilling programme, the company is actively working on the several options available to it for securing r
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