Background Continental Coal Limited (ASX:CCC) is a new Junior South African Coal exploration and development company. Continental has over 395 million tonnes of resources of coal on its South African properties. It expects production at its predominantly export thermal coal mines at Vaalbank, Project X and Vlakplaats to commence in 2011, at the rate of over 300,000 tonnes per month of export coal. Continental was formed to take advantage of the robust domestic and global demand for coal, with particular focus on South Africa, Botswana, Mozambique and Zimbabwe. Continental Coal is looking to enter production this quarter at its Vlakvarkfontein coal mine. !
CCC Price at posting:
2.0¢ Sentiment: Sell Disclosure: Held