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A NEW South Wales government decision to allow underground coal mining at Drayton South effectively gives a green light for Malabar Coal to buy Anglo American�s 88.17% owned Drayton coal assets for $86 million. Anglo American Metallurgical Coal business CEO David Diamond said the company supports the NSW government�s decision to renew the exploration licence EL5460 and it reflects the company�s long-standing view that Drayton South has significant underground potential. "This presents an important and significant opportunity for the Hunter Valley community and NSW. Any future mining approval would be subject to the very rigorous NSW Government approval processes,� he said. �The underground mining proposal developed by Anglo American delivered a coexistence solution to reduce impacts and disruptions to the community and allows the region to continue to develop and flourish, which the Hunter Valley region has for generations.� Anglo American and Malabar Coal entered into a sale and purchase agreement in April 2017 of Anglo American�s 88.17% interest in Drayton (including Drayton thermal coal and Drayton South project). �This balanced decision is a significant, positive achievement for all stakeholders,� Diamond said. "A proposed underground mine at this site would be completely different from past open-cut proposals � it would be completely underground," he said.

Anglo American�s Metallurgical Coal business has continued its operational turnaround, guided by record production at three underground mines in Queensland. The Moranbah, Grosvenor and Grasstree mines all achieved record output in 2017 for Anglo. The strong performance lifted its Metallurgical Coal business to a doubling of underlying profit to $US1.977 billion ($2.52 billion). Anglo said the result reflected the productivity and cost improvements that the Metallurgical Coal business had embedded at each of the mines over the past four to five years. The company also realised a 65 per cent increase in the metallurgical coal price in 2017, as the business produced a greater proportion of high-margin hard coking coal.

yeah bud - thanks, i just checked got mine too.

From previous RNS Financial The company has traded profitably throughout 1H18 and has continued to reduce debts significantly, from $14.7m (excluding debtor finance) at 30 June 2017 to $12.6m at 31 December 2017 (excluding debtor finance), and expects to continue to reduce debt further from its strong operational cashflows. The End.

Ghost

Good luck all, should be great interims based on flawless last operational update in my humble opinion ATVB

SO basically they are now supplied by Red Tiger Gaming and Nektan is syupplying Red Tiger Should be strong interims.

this is a real business with "cake" now, not tomorrow.

It is the lonely shares that make the big returns, and this used to be over �2. Furthermore 32red ended with a market cap of �165million. we are only �10mill right now. anything can happen of course. Do your own research and let me know what you find. What will be important is I think next quarter. These guys are having very fast quarterly growth now.

luurrrvleeeyyyyy

looking very good

had no negatives in there and we are still just valued just above cash. Looking at big return from here in my view.

solid fundamentals - people are really missing this

i think 20p easy target on good interims with massive trade volume It'll happen

get a green Aston Martin, just for fun. Market doesnt give away free cheap shares, they certainly going to make people chase the ask here on interims day. you can see it coming

given Playtechs statement this morning about the M&A

upon interims release - could see a 700 trades a day here soon

my first buy was nearer 5p, i wasnt in the original 15p investors.

im holding all of it.

but they can only sell once must be running out of ammo soon