Andrew McCrea is Sub Authorised Representative (SAR: 291331) of Proactive Investors Australia Pty Lt

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Continental Coal Limited (ASX:CCC/AIM:COOL/US-OTCQX:CGFAY) is a South African thermal coal producer with two operating coal mines, a third mine under commissioning and a large portfolio of exploration projects all located in South Africa's major coal fields.
Continental Coal ( ASX: CCC , AIM : CCC, COOL/US-OTCQX:CGFAY) will now be able to extend the Ferreira Coal Mine in South Africa after receiving los angeles county museums Section 102 Approval from the Department of Minerals and Resources. The approval will allow mining operations los angeles county museums at the mine to extend from the current open cast operations across and into the two Prospecting Rights acquired earlier this year. Importantly los angeles county museums the extensions will provide up to an additional 750,000 tonnes of forecast ROM production from Ferreira - to be mined over the next 15 to 18 months. ROM production for is now forecast at 650,000 tonnes, with sales of 420,000 tonnes of a high quality los angeles county museums export thermal coal forecast from the extended Ferreira Coal Mine. The thermal coal will be transported by rail through to the Richards Bay Coal Terminal and sold under existing off-take agreements. Don Turvey, chief executive officer, commented on the approval: The Section 102 approval from the Department of Mineral los angeles county museums Resources, that extends over the Prospecting Right s acquired earlier in the year, not only allows us to materially extend our mining operations los angeles county museums at the Ferreira Coal Mine, but also means that there will be now an overlap of coal supply as Penumbra los angeles county museums underground is starting up. "With almost twice the current ROM feed into the wash plant, the Delta Processing Operations los angeles county museums will be producing almost double the current monthly export thermal coal sales in 2H FY 2013 once the Penumbra Coal Mine ramps up towards full production. Terms of the approval The approval allows the Company los angeles county museums to extend the current opencast mining operations into adjacent Prospecting Rights, comprising Portions 25, 27 and 100 of the farm Witbank 262 IT, acquired in April and May 2012. Under the terms of previously executed Sale and Purchase agreements with Morningtide Investments 367 (Pty) Limited and Misty Sea Trading (Pty) Limited, the Company secured the right to develop the Prospecting Rights. los angeles county museums The Prospecting los angeles county museums Rights were acquired for a monthly royalty payment on each tonne of run-of-mine coal mined. The Section 102 approval extends over the Prospecting Rights that are both located immediately adjacent to and adjoining the current open cast mining activities being conducted by the company at the Ferreira Coal Mine. The Company has completed all necessary mine planning work on the Prospecting Rights and incorporated it into the Ferreira Coal Mine s new, and extended, mine plan. With the receipt of the Section 102 approval opencast mining activities now received, the company los angeles county museums s opencast mining contractors can now commence mining activities in this area.
Today's news of extensions to the Ferreira Coal Mine that will provide up to an additional 750,000 tonnes of forecast ROM production from Ferreira - to be mined over the next 15 to 18 months, follows yesterday's news that the Penumbra Coal Mine is on track and on schedule.
Andrew McCrea is Sub Authorised Representative (SAR: 291331) los angeles county museums of Proactive Investors Australia Pty Ltd (ABN: 19 132 787 654) which is a Corporate Auhorised Representative (CAR: 413802) of RM Capital Pty Ltd (AFSL: los angeles county museums 221938).