Continental Coal reports rise in coal sales in final quarter of 2012

Total coal sales rose 10 per cent in the quarter ending December 31st at Continental Coal, a quarterly update issued by the company on Friday has disclosed.

Total coal sales rose 10 per cent in the quarter ending December 31st at Continental Coal, a quarterly update issued by the company on Friday has disclosed.

The company, which produces thermal coal in South Africa, reported that thermal coal sales for the quarter had risen to 449,203 tonnes from 408,206 tonnes in the previous quarter.

Total thermal coal sales during the quarter from the company's Vlakvarkfontein Coal Mine were 351,264 tonnes, representing a 19% increase on the 296,395 tonnes in the previous quarter and 7.0% above budget.

Monthly sales of 153,072 tonnes were achieved in November 2012, improving the previous monthly record of 112,088 tonnes delivered in May 2012.

Run-of-mine (ROM) coal production at the Ferreira Coal Mine for the December 2012 quarter totaled 152,280tonnes. Quarter-on-quarter an increase of approximately 44% was achieved from the 105,757 tonnes of ROM coal produced in the previous quarter.

Continental Coal's share price was down 2.63% to 4.62p at 11:05 on Friday.

MF

Recommended

Three strong Asian stocks trading at bargain prices
Share tips

Three strong Asian stocks trading at bargain prices

Professional investor Nitin Bajaj of the Fidelity Asian Values investment trust picks three stocks that dominate their industries, earn good returns o…
20 Sep 2021
Why it pays to face up to your investment mistakes
Investment strategy

Why it pays to face up to your investment mistakes

Buying stocks can be a complicated business. But selling stocks can be tricky, too – even if you sell for the right reasons. Max King explains how to …
17 Sep 2021
Share tips of the week – 17 September
Share tips

Share tips of the week – 17 September

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
17 Sep 2021
Royal Mail will deliver for investors – here's how to play it
Trading

Royal Mail will deliver for investors – here's how to play it

Royal Mail Group has found its feet in the past 18 months and looks cheap. Matthew Partridge looks at how to trade the shares.
14 Sep 2021

Most Popular

The times may be changing, but don’t change how you invest
Small cap stocks

The times may be changing, but don’t change how you invest

We are living in strange times. But the basics of investing remain the same: buy fairly-priced stocks that can provide an income. And there are few be…
13 Sep 2021
Two shipping funds to buy for steady income
Investment trusts

Two shipping funds to buy for steady income

Returns from owning ships are volatile, but these two investment trusts are trying to make the sector less risky.
7 Sep 2021
Should investors be worried about stagflation?
US Economy

Should investors be worried about stagflation?

The latest US employment data has raised the ugly spectre of “stagflation” – weak growth and high inflation. John Stepek looks at what’s going on and …
6 Sep 2021