Description
Caledon Resources plc is a dual listed public Company listed on the Alternative Investment Market of The London Stock Exchange and The Australian Securities Exchange (trading symbol: "AIM:CDN & ASX: CCD"). Caledon is a coking coal producer and explorer in the Bowen Basin of Queensland, Australia. It acquired the mothballed Cook Mine in late 2006 and has since recommissioned the operation and introduced an innovative new underground mining methodology. The Company also purchased the nearby Minyango exploration concessions in 2006 and has conducted a number of drilling programs in preparation for a feasibility study.
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In-depth Caledon Resources Proactive Investors Articles
Recent Caledon Resources news
- 26/02/2010 Caledon Resources sets 700 kt coal sales target for 2010 as prices and demand recover
- 12/02/2010 Caledon Resources places loan notes to raise £4.2 million for working capital
- 12/02/2010 Caledon Resources places loan notes to raise £4.2 million for working capital
- 28/01/2010 Caledon Resources says 2009 saleable coal production in line, to explore expansion opportunities in 2010
- 08/12/2009 Caledon Resources ends offer talks after ten months of discussions
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Company Statement:
Caledon Resources plc is a dual listed public Company listed on the Alternative Investment Market of The London Stock Exchange and The Australian Securities Exchange (trading symbol: "AIM:CDN & ASX: CCD").
Caledon is a coking coal producer and explorer in the Bowen Basin of Queensland, Australia. It acquired the mothballed Cook Mine in late 2006 and has since recommissioned the operation and introduced an innovative new underground mining methodology.
The Company also purchased the nearby Minyango exploration concessions in 2006 and has conducted a number of drilling programs in preparation for a feasibility study.
Target production from these assets is 1 million ('Mt') per annum from 2009 rising to 4Mt per annum by 2015.
Current Operations:
FOR DETAILED INFORMATION ON CALEDON RESOURCES' CURRENT PROJECTS CLICK HERE:
Bowen Basin - Exported 46% of the global seaborne traded market.
In the Blackwater Coking coal District, Queensland;
Jellinbah Mine
Curragh Mine (Wesfarmers)
Minyango Deposit
Cook Wash Plant
Cook Mine
Management
EXECUTIVE DIRECTORS
Mark Trevan - Managing Director
Mr Trevan is the Manager Director and is responsbile for the Group’s Australian operations. Mr Trevan is also a member of the Health, Safety and Environment (‘HSE’) Committee.
Peter Seear - Chief Operating Officer
Mr Seear is the Group’s Chief Operating Officer with overall responsibility for technical direction.
NON-EXECUTIVE DIRECTORS
Graham Mascall - Non-executive Director
Mr Mascall is a Non-executive Director, Chairman of Caledon’s audit committee and a member of both the remuneration and HSE committees.
Nicholas Clarke - Non-executive Director
Mr Clarke is a Non-executive Director, Chairman of Caledon’s remuneration committee and a member of both the audit and HSE committees.
George Salamis - Non-executive Officer
Mr Salamis is a Non-executive Director and a member of the HSE Committee
Stephen R. Dattels - Non-executive Director
Mr. Dattels was the Chairman and founder of Caledon Resources PLC, an AIM-listed Australian coal producer and Chinese exploration company, and was the co-founder and Managing Director of AIM-listed Oriel Resources PLC, a developer of nickel and chrome assets in Kazakhstan. Most recently, Mr. Dattels founded a new venture called CCEC Ltd. which is acquiring thermal coal projects in China. CCEC Ltd. recently merged with Regent Pacific Group Limited, a public company listed on the Hong Kong Stock Exchange.
David de Jongh Weill - Non-executive Director
Mr Weill is a founder and partner of Chiliogon Partners LLP.
Jeremy Gorman - Company Secretary
FOR FURTHER DETAILS ON CALEDON RESOURCES' SENIOR MANAGEMENT CLICK HERE
Major Shareholders
Total number of shares in issue: 209,983,849 As at 31 October 2009, so far as the Directors are aware, the only persons who are directly or indirectly interested in 3% or more of the nominal value of the Company's share capital are as follows: As at 31 October 2009, shares within the Company not in public hands total 44.61%. There are no unusual restrictions on the Company's ordinary shares.
Number of Ordinary Shares held
Ordinary Shares as % of issued share capital
Polo Resources
54,405,196
25.94
Ingalls & Snyder LLC
32,169,500
15.34
Watami Trading Limited
12,046,175
5.74
JP Morgan Asset Management
10,121,800
4.64
| Ordinary shares: | issued and fully paid | 209,983,849 |
| share price | 39.30 | |
| exchange | AIM | |
| Convertible loan notes 2010: | total amount | £18 million |
| coupon | 8.5% | |
| conversion price | 50 pence | |
| expiry | July 2010 | |
| exchange | Luxembourg Stock Exchange | |
| Market capitalisation | £82.7 million |
Updated from Caldeon's website 01.03.10
Contact Information
London
Caledon Resources
64 Knightsbridge
London
SW1X 7JF
Tel: +44 207 590 3137
Manish Kotecha - Chief Financial Officer
Email: msk@caledon.co.uk
Australia
Caledon Coal Pty Ltd
Level 2
87 Wickham Terrace
Brisbane
Queensland
Australia 4000
Tel: +61 7 3309 3100
Fax:+61 7 3831 0366
Mark Trevan – Managing Director
Email: mtrevan@caledon.com.au
Bruce Mallett – Commercial Manager
Email:bmallett@caledon.com.au
Corporate Information
Registered Office
Nabarro
Lacon House
Theobald's Road
London
WC1X 8RW
Registration Number: 3993115
Nominated Adviser and Broker:
RBC Capital Markets
71 Queen Victoria Street
London
EC4V 4DE