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Sunday, March 21, 2010 12:23 PM

Sentula Mining Limited

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Type: Company
Name: Sentula Mining Limited
First Reported Mar 17 2010 - Updated Mar 17 2010 - 1 Documents

Vote on Koornfontein sale end March

[miningmx.com] -- Mining services and coal mining group Sentula Mining on Tuesday said its shareholders would get to vote on the Koornfontein Coal Mine sale at the end of March.Shareholder approval is the last remaining condition in the transaction that ... [Published Mar 17 2010 by Mining MX]
First Reported Mar 16 2010 - Updated Mar 16 2010 - 3 Documents

Sentula Mining shares gain on coal mine sale

Shares in Sentula Mining rise after it says it has fulfilled most of the conditions for the sale of its stake in Koornfontein coal mine.Sentula said last month it would sell its 49.9 percent stake in the coal mine and use the proceeds to reduce debt, ... [Published Mar 16 2010 by Business Report]
First Reported Mar 12 2010 - Updated Mar 12 2010 - 1 Documents

Optimum Coal: R1.6bn sought in JSE listing

Optimum Coal Holdings would list on the JSE on March 29 seeking to raise R1.6 billion, it said yesterday.The majority black-owned company said it planned to use cash from the initial public offering to repay debt incurred after it bought a majority stake ... [Published Mar 12 2010 by Business Report]
First Reported Mar 02 2010 - Updated Mar 02 2010 - 2 Documents

BRIEF-Sentula Mining says terminates Merafe coal joint venture

JOHANNESBURG, March 2 (Reuters) - Sentula Mining Ltd:SAYS TERMINATES MERAFE COAL JOINT VENTURE AND AWARDING OF MINING LICENCESAYS SENTULA WILL CONTINUE IN ITS OWN CAPACITY TO PURSUE THE DEVELOPMENTprojects attributed to the joint ventureSAYS WILL MEET ... [Published Mar 02 2010 by Interactive Investor]
First Reported Mar 02 2010 - Updated Mar 02 2010 - 1 Documents

Stocks end higher, lifted by stronger risk appetite

The Top40 index of blue chips increased 1.07 percent to 24 252.43 points, while the broader all share index improved for a second day, rising 0.98 percent to 27 026.02 points. 'It looks like there is more appetite for risk,' said Ferdi Heyneke, a portfolio ... [Published Mar 02 2010 by Business Report]
First Reported Mar 01 2010 - Updated Mar 01 2010 - 1 Documents

Snu - Sentula Mining - Update On The Sale Of Sentula`s 49.998% Interest In

SNU - Sentula Mining - Update on the Sale of Sentula's 49.998% Interest inthe Koornfontein Coal MineSentula Mining LimitedIncorporated in the Republic of South Africa(Registration number 1992/001973/06)Share code: SNU ISIN: ZAE000107223('Sentula' or 'the ... [Published Mar 01 2010 by Sharenet]
First Reported Feb 23 2010 - Updated Feb 23 2010 - 1 Documents

Snu - Sentula - Changes To The Board And Change In Function Of Director

SNU - Sentula - Changes To The Board And Change In Function Of DirectorSENTULA MINING LIMITEDIncorporated in the Republic of South Africa(Registration number: 1992/001973/06)Share code: SNU & ISIN: ZAE000107223('Sentula')CHANGES TO THE BOARD AND CHANGE ... [Published Feb 23 2010 by Sharenet]
First Reported Feb 15 2010 - Updated Feb 15 2010 - 1 Documents

Tighter Chinese policy reins in currencies and bourse

Stocks dipped slightly, dragged lower by financials and banks and taking a cue from global peers as investors shied away from risky assets.The JSE Top40 index of blue chips closed 0.34 percent lower to 23 569.11 points and the broader all share index ... [Published Feb 15 2010 by Business Report]
First Reported Feb 12 2010 - Updated Feb 12 2010 - 1 Documents

BRIEF-Sentula sells stake in Koornfontein coal mine, shares up

JOHANNESBURG, Feb 12 (Reuters) - Sentula Mining Ltd: * Says sells 49.998% interest in koornfontein coal mine for R670 million to optimum coal holdings ... ... [Published Feb 12 2010 by FinanzNachrichten.de]
First Reported Oct 12 2009 - Updated Oct 12 2009 - 1 Documents

South African Mining Company Accepted $92 million Bid for Coal Mine Stake in Siyanda Coal

Sentula Mining Ltd. gained in Johannesburg trading after the South African company accepted a 686 million-rand ($92 million) bid for its stake in Siyanda Coal Ltd., a transaction that would end the need to raise cash in a rights offer. The stock added ... [Published Oct 12 2009 by Mining Exploration News]

Quotes

...coal mine and use the proceeds to reduce debt, improve liquidity and fund growth at Optimum Coal Holdings, a majority black-owned coal mining firm. "I can imagine that (sale of Koornfontein mine) is part of the reason. Its traded 650 000 shares, which is not insignificant volumes" says Imara SP Reid derivatives trader Garth Mackenzie
...public offering to repay debt incurred after it bought a majority stake in Koornfontein Mines from Sentula Mining, and to fund more acquisitions. "It is anticipated that around R1.6bn will be raised through a subscription for new shares and an offer for sale by certain shareholders" the company said. - Reuters
...strategy to become a leading coal producer in Africa by expanding the scope of its current coal operations as well as its export 
entitlement. "We know and understand both the 
resource and the operations at Koornfontein very well and these will be a good fit with the company’s existing operations" he says. The Koornfontein mine is a large underground mine adjacent to State-owned power utility Eskom’s Komati power station...
the main board of the JSE Limited ( "JSE') with effect from the commencement of"

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South African Mining Company Accepted $92 milli... [Mining Exploration News - Oct 12 2009]
Sentula Mining Ltd. gained in Johannesburg trading after the South African company accepted a 686 million-rand ($92 million) bid for its stake in Siyanda Coal Ltd., ...
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