Keaton Energy is a coal exploration and development company, created to pursue opportunities arising from both the increased demand for coal domestically and abroad and the changes in mineral legislation in South Africa.
The Vanggatfontein Project (formerly known as the Delmas Project) boasts a Coal Resource of 163.4 million tonnes. The mining right is held by Keaton Energy’s 74% subsidiary, Keaton Mining (Pty) Limited and was granted in June 2009.
The Sterkfontein Project prospecting rights are held by Keaton Mining. Limited exploration work has been done on the project since the declaration of a 34 million tonne Coal Resource in May 2008.
Klip Colliery. Previously the Klipfontein Project, this is Keaton Energy’s first producing colliery.
Amalahle Prospects. The Leeuwfontein and Braamspruit prospects, have proven to be of economic interest and are now part of the group’s small projects portfolio.
Keaton Energy today announced implementation of the transaction in terms of which it acquires a 74% interest in Leeuw Mining and Exploration (Pty) Limited (LME).
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Keaton Energy Holdings Limited announced today that the Minister of Mineral Resources has consented to a change in control of Leeuw Mining and Exploration (Pty) Limited, in terms of Section 11 of the Mineral and Petroleum Resources Development Act.
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In terms of paragraphs 3.63 - 3.65 of the JSE Limited Listings Requirements,
the following information is disclosed:
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Further to the announcement released on SENS on 12 October 2011 giving details
of the appointment of Jacques Rossouw as Financial Director Designate to Keaton
Energy, shareholders are now advised that Mr Rossouw has now been appointed to
the board of directors of Keaton Energy in the capacity of Financial Director
with effect from 1 December 2011.
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[miningweekly.co.za] -- JSE-listed Keaton Energy, which has set itself a production target of five-million tons of coal a year in the coming years, on Friday reported higher earnings as it ramped up production at the Vanggatfontein mine.
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Keaton Energy today announced net profit of R8.4 million, reflecting increased sales of 5-Seam coal to domestic customers and the start of 4- and 2-Seam coal deliveries to South African power utility Eskom from the company’s Mpumalanga-based Vanggatfontein Mine.
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Annual report 2011
(PDF - 896KB)
Preliminary summarised audited group results for the year ended 31 March 2011 (PDF - 653KB)