Description

News

• 14/12/11

  MetroCoal boosts Bundi thermal coal resource by 230% to 1561.8Mt

• 09/12/11

  MetroCoal achieves 520Mt initial thermal coal JORC Resource at Dalby West

• 18/11/11

  MetroCoal delivers 757mt increase to thermal coal resource at Columboola

• 14/11/11

  MetroCoal’s $24 million share placement gets Chinese government green light

• 03/11/11

  MetroCoal’s infill drilling delivers maiden Indicated coal Resource at Bundi of 150.9Mt

• 12/05/11

  Metrocoal boosts JORC Inferred Resource at Bundi to 595Mt thermal coal

• 15/02/11

  MetroCoal drilling targets initial resource at Columboola JV Coal Project

• 11/02/11

  MetroCoal drilling targets resource upgrade at Bundi Coal Project

• 19/10/10

  MetroCoal boosts Bundi thermal coal resource by 30% to 381 million tonnes

• 13/09/10

  MetroCoal to commence exploration, after China gives funding approval

Recent Sector News

• 

  Xceed Resources: Cash backed and developing coal production and cash flows from Moabsvelden

  Based on coal sector M&A transactions and current valuations of South African listed coal explorers, Xceed’s current valuation looks light. It is trading at close to cash backing, valuing its coal assets at a minimal amount.

• 

  Xceed Resources delivers maiden thermal coal Reserve for Moabsvelden

  Reaching a significant milestone for the Moabsvelden thermal coal project, Xceed Resources has established a maiden Reserve capable of supporting a plus 15 year, open cut mining operation, assuming an annualised mine throughput of 3mtpa.

• 

  Xceed Resources expands portfolio with highly prospective South African thermal coal projects

  By acquiring a 70% interest in the Roodepoort and Bankfontein thermal coal projects in South Africa, Xceed now has a pipeline of potential coal exploration targets. Managing director Ian Culbert told Proactive Investors today the acquisitions will allow Xceed to develop mutually supporting operations.

• 

  Xceed Resources: A cash backed coal developer worth double says Old Park Lane

  The $0.22 target price target and buy recommendation for the emerging coal explorer and developer Xceed Resources set by Old Park Lane Capital is more than double the last traded price of $0.10.

• 

  Continental Coal beats its own export record, ships 30% more thermal coal in December quarter

  Continental Coal has laid the foundations to double thermal coal export growth in 2012 by bringing a third mine into production, which is currently in development. The strategy is in place to again double export sales and group earnings in 2013 from a fourth mine.

• 

  Universal Coal: worth more than three times current value says broker

  Universal Coal has responded to media speculation surrounding its coking coal assets and advises that it is reviewing the appointment of advisors to assist the company with any formal approach it may receive on these assets.

Investors interested in MetroCoal recently viewed

• Strategic Natural Resources (AIM: SNRP) Emerging coal producer in South Africa
• Resource Generation (ASX: RES) Developing a massive coal mine in South Africa
• Mozambi Coal (ASX: MOZ) Emerging coal company operating in Mozambique
• Continental Coal (ASX: CCC) South African coal exploration and development company
• Xceed Resources (ASX: XCD) An Emerging Low Cost South African Coal Producer