Shareholders will be advised with regard to the appointment of a new company secretary in due course.
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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.
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It gives us great pride to announce that Keaton Energy was recently presented with the SAMREC Award for the Best Environmental Section in a Minerals Industry Annual Report 2009.
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Keaton Energy Holdings Limited announced today that it has concluded negotiations with South African power utility Eskom to supply 16.5 million tonnes of steam coal from Phase 2 of its new Vanggatfontein Project, near Delmas in South Africa’s Mpumalanga Province.
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Further to Keaton Energy’s preliminary summarised audited group results for the year ended 31 March 2010, published on the Securities Exchange News Service on 1 June 2010, shareholders are advised that the Keaton Energy Annual Report for the year ended 31 March 2010 was posted today and contains no modifications to the aforementioned published preliminary summarised results.
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Keaton Energy Holdings plans to spend some R158m inclusive of land acquisition costs of its R335 million available cash on developing Phase 1 of its first major mining project.
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Keaton Energy shareholders are advised that Mr J N Wallington has resigned as an independent non-executive director of the company with effect from 31 May 2010, as a result of his appointment as Chief Executive Officer of Coal of Africa Limited.
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The Company’s audited results for the year ended 31 March 2010 are expected to be published on or about 31 May 2010.
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Keaton Energy Holdings Limited announced today its 74%-held subsidiary, Keaton Mining Limited, had reached an amicable settlement with local landowners.
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Keaton Energy said today that its 74%-held subsidiary, Keaton Mining Limited , is taking legal action against four Mpumalanga landowners who are preventing it from starting mining operations at its Vanggatfontein coal mining project near Delmas.
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Keaton Energy has announced the appointment of Petrus Casparus Christiaan Snyders as operations director with effect from 1 January 2010.
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