[miningmx] Junior coal miner Keaton Energy is bullish about the domestic coal market and will spend close to R430m by early next year in order to get a share of the “lucrative” domestic market.
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[Mining Weekly] JSE-listed Keaton Energy said on Wednesday that it would produce the first coal from its greenfield Vanggatfontein project by November.
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[Business Day] Keaton will bring a 30000-tons- a- month bituminous coal project at the Vanggatfontein mine near Delmas into production at the end of November.
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Shareholders will be advised with regard to the appointment of a new company secretary in due course. Full release
JSE-listed Keaton Energy Holdings Limited said today that it expects capital expenditure on its first major coal mining project - Vanggatfontein, near Delmas in South Africa’s Mpumalanga Province – to peak at around R430 million in early 2011. Full release
Vanggatfontein: right time, right asset (PDF - 1MB)
Fact sheet, September 2010
(PDF - 2.4MB)