SNR aims to start large-scale coal sales by mid-2010
October 29, 2009 by goldguru · Leave a Comment
Strategic Natural Resources (SNR), which owned 74% of South Africa’s Elitheni Coal, had achieved its first revenues from coal sales and had made “significant progress” towards starting large-scale coal sales by the second half of 2010.
SNR CEO Richard Latham on Thursday noted in a statement to shareholders that the Aim-listed company had continued to invest in mine development activities during the first half of the year, with £138 000 committed during the six months ended September 30, 2009.
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