Go Back Email this Link to a friend


Keh - Keaton Energy Holdings Limited - Substantial Across-the-board

Release Date: 11/04/2012 10:37:01      Code(s): KEH
KEH - Keaton Energy Holdings Limited - Substantial across-the-board             
production increases in FY2012                                                  
Keaton Energy Holdings Limited                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 2006/011090/06)                                            
JSE share code: KEH  ISIN: ZAE000117420                                         
("Keaton Energy")                                                               
SUBSTANTIAL ACROSS-THE-BOARD PRODUCTION INCREASES IN FY2012                     
Johannesburg, South Africa. 11 April, 2012. Keaton Energy , in a production     
update released today, reports substantial across-the-board production          
increases from its South African operations in the financial year ended 31      
March 2012.                                                                     
The Company`s Vanggatfontein Colliery in Mpumalanga province delivered 955      
376t of washed 4- and 2-Seam thermal coal to power utility Eskom  between       
June 2011 and the end of the reporting period, and continues ramp-up towards    
its targeted 175 000t per month.                                                
Production of 5-Seam metallurgical coal for the domestic market from            
Vanggatfontein increased by 146% to 140 241 tonnes (t) from the previous        
year`s 56 886t.                                                                 
Vaalkrantz Colliery in Kwazulu-Natal province, over which Keaton Energy         
gained effective control on 14 December 2011, dispatched 375 950 tonnes of      
anthracite to domestic and export customers in the 12-month period to 31        
March 2012, a 76% increase over the previous year`s 213 503t.                   
Vaalkrantz`s exports of anthracite increased by 83% to 168 685t compared with   
91 875t in the 12-month period to 31 March 2011, while supply to the domestic   
market rose by 70% to 207 298t compared with 121 627t.                          
"Now, with two operating collieries within the group, we have a great base      
from which to grow to reach our 5-million tonne per annum target," says         
Managing Director Paul Miller.                                                  
"Our priorities now are to develop the Braakfontein export thermal coal         
project, near Newcastle in Kwazulu-Natal and to take the Sterkfontein Project   
in Mpumalanga further up the value curve."                                      
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 11/04/2012 10:37:01 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                             .                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.                                          



                                        
Email this JSE Sens Item to a Friend.

Send e-mail to
© 2017 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.