Earl sells Strategic Natural Resources stake

Non-executive director Peter Earl has sold his entire shareholding in South African coal miner Strategic Natural Resources.

Earl has sold 4,435,000 shares in the AIM-quoted company at 11p each, which has raised £488,000.

This is the third in a series of stake disposals by Earl, which are described as relating to a family settlement. He has sold his stakes in South American power generator Rurelec and South Africa-focused power company IPSA, which intends to take coal from SNR for a new power station.

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