Posts by Proactive Investors USA:

Universal Coal acquires 50 pct stake in South African coking coal asset

Universal Coal (ASX: UNV) has secured the Donkin licence area, adjacent to the Somerville coking coal project in the Limpopo Province of South Africa, on a farm-in basis. Based on historical drilling data, the farm Donkin 72MS property has a Inferred JORC Resource of 42.4 million tonnes, covering the northern extent of a farm area of 1,178 hectares, with the potential for coking coal and open pit access.

Goldplat flags “significant” hike in operating profits

Goldplat ( LON:GDP ) put out a very encouraging update saying its two gold recovery operations have been performing strongly and that it expects to post a “significant increase’ in full year operating profits. Trading across its two gold recovery businesses in South Africa and Ghana and its Kilimapesa gold project in Kenya was stronger in the second half than in the first.