Copying and distributing are prohibited without permission of the publisher

MINING INDABA 2012: CoAL to seek primary listing in London this year

February 09, 2012 - 10:41 GMT Location: Cape Town

KEYWORDS: Coal of Africa , CoAL , John Wallington , Vele , coking coal

Coal of Africa (CoAL) will consider a primary listing on the London Stock Exchange this year as the company makes its transformation from an exploration concern into a mining company, ceo John Wallington said on the sidelines of the Mining Indaba in South Africa on Thursday February 9.

“We are definitely looking at a primary listing in London for this year. It has such a large investor base and, if you look at our share register, our predominant shareholding is in the UK,” he told Metal Bulletin. “We’ll see where that takes us,” he said, adding that for now CoAL’s focus will remain on the production of coking coal, but in the future it may look at developing...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

Please log in using your online subscriber details.
Your username will be your registered email address with Metal Bulletin.

If you aren't a subscriber yet, feel free to take a seven day free trial, or subscribe using the instructions below.

A standard subscription include one year's worth of news and prices. You can also upgrade to the full archive and benefit from more than 13 years of intelligence. Start your subscription today.

Free trial

Taking a free trial will give you open access to Metal Bulletin online news, prices, archived content and email alert service for the next seven days. Start your free trial today.

Free trial

Already have an account?

Capital Markets

May 24, 2012 11:32 CAML launches one plant; looking into launching another
May 24, 2012 11:23 Xstrata Copper bets on China demand in second half
May 24, 2012 08:30 Vetria reaffirms port solution for 27.5m tpy iron ore project
May 24, 2012 08:22 SHFE vs LME arbitrage: copper, aluminium, zinc
May 23, 2012 13:23 Rwanda seeks bidders for tin deposit

Iron Ore & Coking Coal

May 24, 2012 17:15 IRON ORE DERIVATIVES WRAP: Volumes fall as index edges up
May 24, 2012 15:28 MMTC extends iron ore contracts with Japan, South Korea mills
May 24, 2012 12:44 Bellzone’s first Forecariah ore shipment not expected until Q3
May 24, 2012 12:42 Severstal resources division sales down 9% in Q1
May 24, 2012 12:37 Tata increases 2012 Northern Iron offtake deal to 1.77m tonnes

Comment & analysis

EXPERT VIEW FROM ERNST & YOUNG: Horror week favours the brave

Seven days is a long time in the investment world, but last week must have felt longer than most.
COMMENT: When super-cycle poster child BHP Billiton trims its plans...

BHP Billiton is one of the poster children for the commodities super-cycle: a mining company whose immense upstream assets in copper and iron ore have fed the industrialisation of China since the early years of the 21st century and enabled it to return $52 billion to shareholders between 2001 and 2011.
LORD COPPER: There is nothing to fear after JP Morgan loss ...

So, here we go again. Another bank, another huge trade gone bad. This one doesn’t even appear to have been a case of rogue trading; a whole desk seems to have been operating with the full knowledge of the management and/or risk committee.