logo-loader
viewAfrican Energy Resources (Guernsey) Ltd.

African Energy Resources to unveil new investment partner

au_african_energy__botswana_358_5440a433e15c4.jpg

African Energy Resources (ASX:AFR) has some very interesting news on the horizon regarding a material transaction with a new investment partner on the Sese Coal and Power Project.

The company is developing a series of 300MW integrated power projects and captive coal mines at the project, which have the potential to supply the energy starved countries of Botswana, Zambia and South Africa.

Last month Botswana’s Department of Environmental Affairs approved the Environmental Impact Assessment for the 300MW Sese integrated coal mine and power project.

The approved EIA encompasses a project comprising a 1.6Mtpa coal mine, coal handling and processing plant, 300MW power station, water pipeline, access road, transmission grid connection, construction camp, and an ash disposal facility.

AFR has been granted a trading halt to prepare the news, with its shares placed in pre-open.

The halt will remain in place until the opening of trade on Tuesday 21st October 2014, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: African Energy Resources (Guernsey) Ltd.

Price: 0.013 AUD

ASX:AFR
Market: ASX
Market Cap: $8.1 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Fertoz continues to plan for the future despite extremely...

Fertoz Ltd (ASX: FTZ) Executive Chairman Patrick Avery joined Steve Darling from Proactive Vancouver on Skype to discuss what has been a very tough weather year for the company. Even with that, Avery says the company has been very busy this year signing a number of distribution...

2 days, 8 hours ago

2 min read