Continental Coal

Shares in West Perth-based Continental Coal were higher after it entered another offtake deal and secured $US47 million ($A51 million) for the Vlakplaats coal project in South Africa.

Continental Coal has announced a US$35 million deal to acquire a majority stake in South African coal company Mashala Resources.

Emerging coal producer Continental Coal has moved a step closer to the acquisition of unlisted South African thermal coal miner Mashala Resources after raising $61 million.

Perth-based Continental Coal says exports of thermal coal from its Ferreira mine in South Africa are set to increase over the March quarter.

Perth-based Continental Coal has announced plans for a dual listing on London's Alternative Investment Market.

Continental Coal says exploration programs have revealed a substantial increase in resources at its flagship De Wittekrans thermal coal project in South Africa.

South Africa focused miner Continental Coal shares will commence trading on the London Stock Exchange’s Alternative Investment Market later today.Perth-based Continental said its shares would commence trading on the AIM by around 3:00PM (WST) today.

As global competition for resources stocks builds, the Australian Securities Exchange is aiming to stay at the front of the pack.

Continental Coal has completed an $8 million financing arrangement with South African mining company Village Main Reef.

South African thermal coal producer Continental Coal has appointed Bernard Swanepoelas a non-executive director. Mr Swanepoel is joint chief executive officer ofVMR, based in South Africa. Following his appointment, director Peter Landauhas resigned.

South African thermal coal producer Continental Coal has appointed Bernard Swanepoelas a non-executive director. Mr Swanepoel is joint chief executive officer ofVMR, based in South Africa. Following his appointment, director Peter Landauhas resigned.

Continental Coal has appointed Lou van Vuuren as chief financial officer.Mr van Vuuren was previously CFO and interim CEO of Great Basin Gold and an associate director in PwC's global mining department. 

South Africa-focused miner Continental Coal says it could be forced to call in administrators unless it can recapitalise the company in order to pay off its convertible notes.

Continental Coal has secured a short-term funding deal which will allow it to continue trading but at the expense of its chief executive and several other directors.

West Perth-based coal miner Continental Coal has announced a non-renounceable $35.1 million rights issue as part of a recapitalization and restructure.

It has been a tough quarter for dealmakers as commodity and share prices slump but some players see promise in the market shake-out. This Special Report includes a fully updated database with 146 deals for the quarter and an updated stockbrokers list.

Embattled collier Continental Coal has struck a $70 million deal to offload its interest in its South African subsidiary, leaving the company debt free and with excess cash reserves.

The corporate watchdog has moved to have McGrathNicol appointed as liquidator to Peter Landau’s troubled listed coal mining company Continental Coal.

Oil and gas company Citation Resources has launched proceedings in the Federal Court against its former chairman Peter Landau after an investigation revealed issues concerning $2 million worth of transactions.

Citation Resources has appointed KordaMentha as voluntary administrators, while the oil and gas company continues to pursue recovery of funds through a civil action against former director Peter Landau.