leadf
logo-loader

Xceed Resources to provide update on financing for Moabsvelden project

coal_350_51395b58dd4bf.jpg

Xceed Resources (ASX: XCD) is preparing to provide an update regarding the financing of the development of the Moabsvelden project, with the ASX granting the company a trading halt today - with its shares placed in pre-open.

The Moabsvelden thermal coal project is situated in the Witbank coal field in South Africa, and is expected to have a mine life in excess of 14 years with the potential to produce export quality as well as domestic quality thermal coal from an open-cast, low strip mine.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Tuesday 12th March 2013.

 

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.

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

Ora Banda Mining anticipating its first gold bar by the end of January

Ora Banda Mining Ltd's (ASX:OBM) David Quinlivan talks Proactive's Andrew Scott through its December quarterly update. He says they've now begun wet commissioning of the plant and will be progressively commissioning over the coming weeks with a view of getting the first gold bar out by the end...

11 hours, 56 minutes ago

2 min read