Member Info for substp

Short film shows the entrance of the mine. Too bad they didn't go to Port Elizabeth to the main office. http://www.channel4.com/news/south-africa-mining-the-mountain-feeding-hundreds

Red Hot Penny Shares - Small Mention- 1/3/13 At different stages of their lives share prices tend to be driven by different considerations. For two years, in recognition of this, I have split the Red Hot portfolio into three sections. In the top section ‘Tom’s Top Speculations’ I list shares that could move sharply one way or the other dependent on the outcome of a specific and imminent event – the drilling of an exploratory oil well for example. These are outright gambles. In the middle section ‘Tom’s Top Tips for Medium Term Growth’ I list companies that already have a viable business with revenue and profits, or else are very close to that stage. And in the bottom section ‘Long-Term Projects’ I list companies for which revenue and profits are still some way off. All being well the companies in the latter category should ultimately graduate through to the ‘Medium Term Growth’ category, and with STRATEGIC NATURAL RESOURCES (SNRP) now producing coal from its mine in South Africa I have re-classified it this month. Once companies start to generate revenue and profit, they can be valued by straightforward number crunching. Revenue is revenue and profit is profit and whether a business digs coal out of the ground or sells software to banks should not make too much difference to the investor. But when companies are in that pre-revenue stage they are inevitably judged by more subjective criteria. How strong is the underlying business idea? How big is the market potential? How far away is the promised land of revenue and profit? How much money will the company need to get there, and can it raise these funds on acceptable terms?

This could be very interesting.....will be watching for articles at the time... http://www.dedea.gov.za/PublishingImages/Dialogue%20Ad%20EC%20Dev.jpg

"this one needs a full statement but in short it is covered.The application was for the sector,Eskom showed the total IPP impact" From Ms Peters and very good news for future IPPs

I believe the new tariff includes the determination made in Dec which is great as long as we are part of that determination.....:-)

1200/1300 lorry loads to PEL for the first vessel......I would like to know how many have already gone down there? Have all of the skiptainers been manufactured now?

In bargaining you always ask for more than what you need......how much of it is that the case here?

"Cape Town - The National Energy Regulator of SA (Nersa) on Thursday announce that Eskom can hike its tariff's 8%, half of the 16% the power utility proposed." What does this mean for the procurement of electricity from the IPPs????? http://www.fin24.com/Economy/Eskom-tariff-hikes-announced-20130228

Slowly but surely they'll weed them out.........:-) http://business.iafrica.com/news/845368.html

And LCL convert @ 25p?.........What will they do now????

"which 51 million new ordinary shares of 1p each in the Company (the "New Ordinary Shares") will be subscribed for at a subscription price of 17p per share" "10m new ordinary shares of 1 pence in the Company at a price of 13p per share" "10.0 million new ordinary shares of 1p each (the "Placing Shares") at a price of 19 pence per share" "placing of 5.0 million new ordinary shares of 1p each (the "Placing Shares") at a price of 21.6 pence per share" Well Richardsons/Cooch you have the reins now........?

NERSA announces the decision on the 16% tariff increase for five years for Eskom tomorrow. If they don't get it, how will this affect Eskom paying IPPs in the future?

And still no comment on Chris Hani Municipality buying into Elitheni....:-( I thought this would have been a good move as it gives something back to the locals which the South African Gov. encourages.

Speech of the Honourable Premier Noxolo Kiviet Delivered on the occasion of the Eastern Cape State of the Province Address 22 February 2013 "In addition to these Coega initiatives, the Province has established a high level joint forum with Transnet. One of the key achievements of this initiative is the commitment by Transnet not only to develop the capacity of our ports in East London and Port Elizabeth, but also to revive and open some of the key railway lines, such as the Mthata-Amabhele line, Sterkstroom-Maclear line, Cookhouse-Blaney line, Stormberg-Rossmead line, Rossmead-Klipplaat line, Klipplaat – Port Elizabeth line, and Alicedale – Grahamstown line. The East London harbour is also being upgraded at a cost of R2.3 billion to improve the auto logistics platform, expand container handling and provide for coal exports. This comes at the right time considering the progress that has been achieved at the Elitheni Coal Mine at Lady Frere. The first container vessel of Elitheni coal left the East London port for Brazil in January 2013. The initial contract will result in 2,5 million tons per annum of coal exports by 2014, creating 2000 direct and 20 000 indirect jobs. Our Cradock Biofuels Project has been given a new lease of life through its inclusion as a Presidential Infrastructure Coordinating Commission priority project, as well as through the recently promulgated legislation which prescribes minimum biofuel content in blended fuel. We look forward to the R1,1 billion biofuel factory investment in Cradock, and, working with the national Department of Rural Development and Land Reform, we will use the feedstock market to develop commercial black farmers. To this end, 25 farms in the Fish River Valley have been bought for land redistribution. Honourable Speaker, the Provincial Strategic Framework requires us to focus on building social and economic infrastructure, through which we also create jobs. We have noted, and indeed concur with the NDP’s observation that another central challenge we face as a country is the fact that “infrastructure is poorly located, under-maintained and insufficient to foster higher growth.” Indeed we are pleased to note the comments of the President in his January 8th Statement that among the 23 districts municipalities that have been targeted for major infrastructural development, including the provision of water, electricity and sanitation, are our own Alfred Nzo, OR Tambo, Chris Hani, Amathole and Joe Gqabi municipalities." http://www.ecprov.gov.za/modules/documents/download_doc.php?id=803

So who's going to be the new Chairman of Elitheni?

What do the changes mean today as everything looks like it was going to happen?

I have no idea on what direction this will take but I found this very interesting about "Codes for better BEE" This has several interesting points..... They aim to ensure that empowerment benefits not only the black elite but also women, workers, the youth, people with disabilities and the rural poor. The new codes also relax the regime for empowerment partners who borrow heavily to finance their stakes. In previous drafts, eight of a possible 20 points on the ownership scorecard were withheld until debt was repaid. This is now reduced to one, with seven points accruing gradually as repayments are made. The codes also introduce a revised point-scoring formula that encourages companies to enter into deals with groups that are not necessarily 100% black-owned. The change allows a company whose empowerment is being measured to treat one 51%-or-more black-owned company in its corporate structure as if it were 100% black owned, increasing the points awarded. increase the ownership and management of companies by black women, communities, workers, cooperatives and others, and help them access more economic opportunities; help rural and local communities access economic opportunities; Private companies must apply the codes if they want to do business with any government enterprise or organ of state - that is, in order to tender for business, apply for licences or concessions, enter into public-private partnerships, or buy state-owned assets. http://www.southafrica.info/business/trends/empowerment/BEE-codes.htm

Hmmm are we a step ahead? Will this tick the boxes of the SA Gov.? http://www.thenewage.co.za/80985-1007-53-Committee_drives_black_ownership_of_mines_in_SA

http://www.chrishanidm.gov.za/168167-chris-hani-development-agency.html

First of all I'm not so sure that this will affect the SNR shareholder except that this will bring Gov. participation into the mine which I believe can only be great news!Will we still hold 74% of the mine? ....possibly but I would rather wait on verification on it from the company. Chris Hani is one of the poorest municipalities in South Africa and they didn't vote for this unless they already had their ducks in a row ie financing. This will also give the locals a foothold into the mine which is very important to the South African Gov.