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Operational update

Released 07:00 28-Jan-2013

RNS Number : 4577W
Strategic Natural Resources PLC
28 January 2013
 



Strategic Natural Resources PLC

("SNR" or the "Company")

 

Operational update

 

The board of SNR is pleased to announce the following operational update at its Elitheni Mine ("Elitheni") in the Eastern Cape of South Africa.

 

Various modifications have been made to the washing plant during January 2013 and the Company is pleased to report that the washing plant is now achieving its originally intended throughput rates. In due course, following further successful processing of coal, the Company will provide an update on the date for the first shipment of coal mined at Elitheni.

 

In addition, the Company has successfully completed the profitable delivery of traded coal for it's original December 2012/January 2013 cargo. The vessel sailed last week, having achieved all contracted specifications and being fully loaded. 

 

David Nel, CEO of SNR, today said: " I am pleased that the wash plant is now achieving intended throughput rates and that over Christmas we were able, through our trading relationships in South Africa, to swiftly fulfil the coal cargo for our first vessel. With mining and processing of coal gaining momentum at Elitheni, I am looking forward to providing further operational updates in due course and to a successful 2013".

 

For further information, please contact:




Strategic Natural Resources plc


David Nel, Chief Executive Officer

+27 (0) 41 368 9650



Allenby Capital Limited―Nominated Adviser and Joint Broker


Nick Naylor/Mark Connelly/James Reeve

+44 (0) 20 3328 5656



SP Angel Corporate Finance Limited―Joint Broker


Tercel Moore

+44 (0) 20 3463 2260



FTI Consulting

+44 (0) 20 7831 3113

Ben Brewerton/Georgia Mann

+44 (0) 7703 329024

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Operational update - RNS