The local Eskom sales of coal for CCC is growing each day with record production and sales month on month.
This is a major focus for the company to expand this operation especially when power stations are with kilometers of the mines and are screaming out for coal. They cant get enough coal.
Local coal prices have increased substantially over the past 12 month and the local demand for coal continues to grow.Read information on Eskoms web page.
Eskom themselves have said that the price of local coal will rise further.
With low operating costs CCC is capitalising on this demand.
CCC has acquired neighbouring tenements for no capital outlay to expand the life of the mines for a mere royalty per tonne. Great business for CCC.
With this increasing cashflow from the local coal operations it will put CCC in a fantastic position to their export market.
Instead of continually going to shareholders and causing the dilutionary effect that has happened in the past local banks (hence the JSE Listing) will loan against this cashflow to enable De Wittekrans to commence operating.
More coal, more cashflow and then of course dividends.
Dividends for shareholders that is what I am pushing for once De Witts is up and running. Even if it starts at only .0025c per share.
CCC Price at posting:
3.6¢ Sentiment: Buy Disclosure: Held