Member Info for substp

I see the program is on the CHIS web site now. David Nel has a spot after lunch on the second day and Chris Hani is doing a Priority Projects on the first day. Many many organisations here....:-)

http://chrishaniinvestmentsummit2013.co.za/?page_id=30

Elitheni will be at the Chris Hani Investment Summit at the end of this week....:-)

Ms Dipuo Peters Budget speech .....adobe page 8 and 9 "The IRP remains the blueprint of our future energy mix and electricity capacity requirements, and forms part of the SIP 8 and 9 PICC programmes. Various determinations to implement the technology programmes under the IRP has been made and these include amongst others, 2 600MW gas to power, 2 200MW coal and 800MW cogeneration." "The procurement framework for these programmes will be completed this year to coincide with the 3rd window of the Renewable Energy IPP programme." http://www.energy.gov.za/files/media/speeches/2013/2013-BUDGET-VOTE-SPEECH-14May2013.pdf http://www.ipprenewables.co.za/

Excellant article...... http://in.reuters.com/article/2013/05/13/column-russell-coal-india-idINDEE94C04320130513?type=economicNews

I'll be damned somebody bought up the sells at the end of the day yesterday???? 10-May-13...16:31:12....15.23...327,971...Buy*...15.00-15.25...49.95k...O...Trade Type:Ordinary

Interesting to note in the article above.....I believe Anglo and Xstrata were earmarked for the (very late) 2014 and 2015 slot for coal fired IPP in the IRP2010 and they were both going to use discard coal.

"But IPP coal-fired prospects would still be pursued. However, the DoE would probably release another request for information in the coming months to test the market. It could also pursue direct negotiations with possible domestic and regional coal-fired IPPs." “In other words there will be two streams: a negotiated stream and a conventional open bidding processes.” http://www.engineeringnews.co.za/article/long-delayed-peaker-projects-to-reach-financial-close-next-week-2013-05-09

Trivia.... :-) http://mg.co.za/article/2013-05-09-malemas-house-auctioned-off-for-r59mn

Well this is very interesting......I believe it was put on the Elitheni web site today... ELITHENI COAL’S POSITION ON THE MEMORANDUM OF DEMANDS DELIVERED BY THE EASTERN CAPE SACP 30th April 2013 "is currently in negotiations with the community regarding the formation of a juristic body that will be the recipient of a financial benefit from Elitheni Coal." http://www.elitheni.co.za/admin/resources/media-release-sacp-memorandum-of-demands-28-april-2013.pdf

http://www.kopanokkm.co.za/

Interesting.... http://www.mineweb.com/mineweb/content/en/mineweb-whats-new?oid=189212&sn=Detail http://www.nmdc.co.in/ Who knows........

Another interesting thought ...to cover all of their bases I figure they'll be asking for permission to allot around another 80 million shares. That will probably cover Investor , LCL and options. I figure if they took the shares for the cashed in warrants out of the last allotment they should have just over 23 million from last year which should be good until the next AGM or the end of Oct. which ever comes first. WARRANTS.......can't find anything.......will they be asking for more shares to allot for future warrants or for ones that have been dished out already and we can't find? If so, how many have been dished out already? "In addition to this authority the Board intend to maintain/put in place sufficient share authorities as are required to satisfy the issue of share arising from the exercise of warrants and options or the conversion of amounts outstanding under the existing bridging facility with LCL"

I think this will bw interesting.....Have added the Minister of Rural Development and Land Reform (A Big Buddy of Mr. Sizani?) http://chrishaniinvestmentsummit2013.co.za/?page_id=12

It is disappointing that another delay has happened. Not worried about what is owed because I believe it was always intended that they convert shares in the company at 25p.Interesting that they have backed the additional drawdown with the wash plant and coal while the rest by 8% in equity of the company (New totals after adding 29.9%). We must remember this was only a bridging loan in the first place. Strange they should cut it short by 3 months? Why refinance before you have a strategic partner? "The Board view an investment by a strategic investor as an opportunity to accelerate opportunities for Elitheni Coal and be a source of long term funding that will also allow the Company to refinance its existing short term bridging loan with Land Consultants Limited ("LCL"), as well as providing funding for SNR's growth plans." I believe they are in the middle of something big but being SA nothing is ever on time and it drives very slowly. I'm more concerned with what's going on at the mine.

someone bought 600,000 shares......that's more like it.....:-)

???? "Director for stakeholder management and sustainable development at the mine, Mazizi Msutu, said the community’s demands over shareholding are legitimate. “This is within their right to demand shareholding and working closely with relevant departments, we certainly hope this will be resolved,” Msutu said." http://www.thenewage.co.za/94123-1008-53-SACP_takes_up_fight_for_local_mining_shares

Chris Hani Investment Summit 16/17 May..... This part posted this morning...Lot's of speakers..... Introduction to Emalahleni – Economic Performance ....55.1% unemployment! "Emalahleni, “place of coal” in isiXhosa, has marked potential for coal mining to be expanded in the surrounding area of Indwe. Elitheni Coal a private coal mining company is currently exploring the region to expand its already substantial mining operations in the region. They have previously estimated that the region produces over 1 billion tonnes of anthracite." http://chrishaniinvestmentsummit2013.co.za/?page_id=89

http://tinyurl.com/c8kbt9m

The small shareholders not the only ones getting restless? https://groups.google.com/forum/?fromgroups#!topic/communist-university/FknBbyMAJVc Steven