The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Confirmation that the rail line reopened as planned after the derailment last week, however it also list another incident but does not make clear if the line is currently open or closed, just "Repair work on Line 1 and 2 is expected to take several days" ??
https://www.transnetfreightrail-tfr.net/MediaSafety/Media%20Alerts/MEDIA%20RELEASE%20-%2018%20MAY%202023%20-%20MQWABE%20BYPASS%20REOPENS.pdf
MQWABE BYPASS REOPENS
[Johannesburg, 18 May 2023]. The North Corridor coal Line 1 is now open. The line was handed back
to operations at 13h43 on Wednesday, 17 May. A Transnet Freight Rail (TFR) train operating in the North
Corridor derailed on Thursday 11 May 2023. Forty-nine (49) loaded wagons on a TFR train, enroute to
Richards Bay, derailed on Line 01 at the Mqwabe Bypass, between Dumbe and Vryheid. Train operations
continued to run on Line 02, on a reduced load during the repair period.
In a second unrelated incident on Wednesday 17 May, loaded wagons from the siding entered the mainline
without authorisation. A train with runaway wagons from a siding managed by a third party at Koornfontein
near Witbank collided with a parked TFR train, resulting in coal spillage and the derailment of 48 loaded
wagons.
It is unclear at this stage what may have caused the runaway wagons from the third party siding. The coal
spillage on Line 2 has since been cleared. Repair work on Line 1 and 2 is expected to take several days.
TFR confirms that a full investigation into the third party related siding collision and Thursday’s derailment
is underway.
-ENDS
Issued on behalf of Transnet Freight Rail
Thungela Resources Limited will release a Pre-Close Statement on 12 June 2023
Following the release of the Pre-Close Statement on SENS and RNS at 08:00 SAST, Thungela's Chief Financial Officer, Deon Smith will host an investor call at 11:00 SAST (09:00 GMT) on Monday, 12 June 2023.
Analysts and investors are invited to register for the call using the links below.
Audio Webcast: https://services.themediaframe.com/links/thungela10044564.html
Conference call: https://services.choruscall.za.com/DiamondPassRegistration/register?confirmationNumber=8399487&linkSecurityString=1556933ae1
Kind regards,
Ryan Africa
Investor Relations
Rail line due to fully reopen today:
https://www.transnetfreightrail-tfr.net/MediaSafety/Media%20Alerts/16_MAY_2023_MEDIA_RELEASE_UPDATE_ON_DERAILMENT_INCIDENT_IN_VRYHEID.pdf
16 MAY 2023
UPDATE ON DERAILMENT INCIDENT IN VRYHEID
[Johannesburg, 16 May 2023]. Transnet Freight Rail (TFR) has made significant progress in the restoration
of operations on the coal line. This is after a train derailed on the North Corridor on Thursday, 11 May
2023.
Forty-nine (49) loaded wagons on the train, which were enroute to Richards Bay, derailed on the line at
the Mqwabe Bypass, between Dumbe and Vryheid. No injuries were reported and operations continued on
the line with only 50% reduction, as a result of the derailment.
All wagons have since been cleared and line handed over to the Rail Network Unit for formation activities.
Weather conditions permitting, the estimated time in which the repairs will be complete and the line reopened is Wednesday, 17 May 2023.
The cause of the derailment will be determined once investigations have been finalised.
-ENDSISSUED ON BEHALF OF TRANSNET FREIGHT RAIL
Not sure if anyone has posted these yet. but seem to be Friday's figures that were supposed to be posted yesterday but have just been run at 10:00 today?
14/05/2023 09:45:00 12/05/2023 System Entry Calorific Value, Saltfleetby , D+2 41.2500 14/05/2023 10:00:00
14/05/2023 09:45:00 12/05/2023 System Entry Energy, Saltfleetby , D+2 3083333.0000 14/05/2023 10:00:00
14/05/2023 09:45:00 12/05/2023 System Entry Volume, Saltfleetby , D+2 0.2692 14/05/2023 10:00:00
This won't help either:
https://www.miningweekly.com/article/tfr-reports-derailment-on-north-corridor-2023-05-12
Price for June RBCT down to $111.5 today
Yesterday's price for May was $117 and if it drops the same amount as June's has today, that would put it at approx. $113.5 when it's available later.
Port has also been quiet lately after a spectacular week in mid April.
https://www.barchart.com/futures/quotes/LVK23/futures-prices
RNS and new tweet:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230509:nRSI8204Ya&default-theme=true
https://twitter.com/ContangoPlc/status/1655902925091221509?s=20
8/05/2023 01:00:00 08/05/2023 System Entry Calorific Value, Saltfleetby, D+1 41.2700 09/05/2023 12:01:00 L
08/05/2023 01:00:00 08/05/2023 System Entry Energy, Saltfleetby, D+1 1526667.0000 09/05/2023 12:01:00 L
08/05/2023 01:00:00 08/05/2023 System Entry Volume, Saltfleetby, D+1 0.1333 09/05/2023 12:01:00 L
07/05/2023 01:00:00 07/05/2023 System Entry Calorific Value, Saltfleetby, D+1 41.2700 08/05/2023 12:01:01
07/05/2023 01:00:00 07/05/2023 System Entry Energy, Saltfleetby, D+1 1895556.0000 08/05/2023 12:01:01
07/05/2023 01:00:00 07/05/2023 System Entry Volume, Saltfleetby, D+1 0.1654 08/05/2023 12:01:01
Coal News article:
Miner delivers ‘exceptional’ 2022
5TH MAY 2023
JSE-listed thermal coal exporter Thungela has delivered exceptional financial performance and solid operations, and continued to create value for stakeholders in 2022. The company achieved a significant increase in its adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) to R29.5-billion and in net profit to R18.2-billion, while executing its strategic priorities across several fronts.......
Full article at link below:
https://www.miningweekly.com/article/coal-exporter-delivers-exceptional-financial-performance-in-2022-2023-04-20
01/05/2023 01:00:00 01/05/2023 System Entry Calorific Value, Saltfleetby, D+1 41.3900 02/05/2023 12:01:01 L
01/05/2023 01:00:00 01/05/2023 System Entry Energy, Saltfleetby, D+1 1816667.0000 02/05/2023 12:01:01 L
01/05/2023 01:00:00 01/05/2023 System Entry Volume, Saltfleetby, D+1 0.1582 02/05/2023 12:01:01 L
RNS out, currently not showing on this site:
"2 May 2023
Sylvania Platinum Limited
("Sylvania", the "Company" or the "Group")
Share Buyback
Sylvania Platinum Limited (AIM: SLP) announces that it intends to conduct a Share Buyback ("Share Buyback") on-market to purchase Ordinary US$0.01 Shares ("Ordinary Shares") of the Company's issued share capital, up to a maximum consideration of US$10 million.
The purpose of the Share Buyback is to reduce the share capital of the Company. The Share Buyback will be done under the terms and authority of the Company's Bye Laws and all Ordinary Shares purchased will be cancelled.
The Company has instructed Liberum Capital Limited ("Liberum") to execute the Share Buyback, including its irrevocable appointment to purchase shares with absolute discretion during any closed period. The Share Buyback will be funded from the Company's current cash balance.
Given the limited liquidity in the Ordinary Shares, the Company may not be able to benefit from the exemption laid down in Article 5(1) of Regulation (EU) No 596/2014, whereby the Company would not purchase shares at a price higher than the higher of the price of the last independent trade and the highest current independent purchase bid on the trading venue where the purchase is carried out. Furthermore, a buyback of Ordinary Shares on any trading day is likely to represent a significant proportion, or possibly all, of the daily trading volume in the ordinary shares on the London Stock Exchange (and is likely to exceed the 25% limit of the average daily trading volume as laid down in Article 5(1) of Regulation (EU) No 596/2014).
There is no guarantee that the Share Buyback will be implemented in full or that any repurchases will be made.
The Share Buyback will be effective from the date of this announcement and will expire on 7 September 2023 or on attainment of the maximum consideration of US$10 million, whichever occurs first.
The Company will make further announcements in due course following any share purchases.
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse regulation (EU) no.596/2014 as amended by the Market Abuse (Amendment) (EU Exit) Regulations 2019."
30/04/2023 01:00:00 30/04/2023 System Entry Calorific Value, Saltfleetby, D+1 41.3900 01/05/2023 12:01:01
30/04/2023 01:00:00 30/04/2023 System Entry Energy, Saltfleetby, D+1 1754444.0000 01/05/2023 12:01:01
30/04/2023 01:00:00 30/04/2023 System Entry Volume, Saltfleetby, D+1 0.1529 01/05/2023 12:01:01