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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| South China | SCR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 0.00 | 0.00% | 2.48 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.48 |
| Top Posts |
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Posted at 20/12/2009 06:07 by choppa SCR thread. Feeling a bit nostalgic now. |
Posted at 04/6/2009 06:27 by wolstencroft hi choppa - i remember them also! i never researched a company more than scr and haven't since. lessons for me: Delays are bad, dont trust directors, what isnt in an RNS is as important as what is, RNSes are almost never badly worded so if something was missed out it was for a reason. |
Posted at 18/9/2008 14:54 by kayaks It would seem that united clearing (UCL) was taken over by billing services group (BILL) in Dec 2005 and that the EPIC- UCL has thus become available to SCR. Have a look at the iii board under UCL. Regards |
Posted at 10/9/2008 10:01 by crosseyed It would now appear to be listed as URL Universal Coal, and SCR has been dropped from ADVFN. No more info on the Quote page. The web address on the Financials link page ( ) appears to be unobtainable.Regards, c |
Posted at 21/8/2008 09:10 by sagem Well SCR are certainly going into the correct market for growth and profits;-Coal Stocks Set to Soar, Part 1 By Chris Nelder | Wednesday, August 20th, 2008 Old King Coal is about to be a much merrier old soul. After a stunning 60 percent gain for the sector in the first half of the year, and then a correction almost all the way back down, my research suggests that we're about to see another breathtaking run for the group. Curiously, it seems to have much to do with the Olympics. As was widely discussed in the press, China severely cut its use of fossil fuels, particularly coal, right around June in an all-out effort to clean up the air for the Olympics. What has not been discussed much at all are the global implications of that cutback on the energy markets, and how the resurgence of Chinese energy consumption after the games spells higher prices for grid power and many other commodities...and profits for coal investors. This week, I take a methodical look at China and coal, and what it means for the US. Demand With coal powering 80 percent of its electricity supply, China is both the world's largest coal producer and its largest coal consumer. China's demand for coal rose 9 percent last year. This year, the Coal Sales and Transportation Association of China anticipates that the nation's requirements will rise another 5.3 percent, to 2.76 billion tons. (By comparison, US consumption of coal last year was less than half that, at 1.1 billion tons, according to the EIA's July 25 Quarterly Coal Report.) The reason is simple: About two-thirds of global coal consumption is used to fuel electric power plants, and most of the rest is used to make steel and cement. China's manufacturing base is of course utterly dependent on electricity demand to run its factories and assembly plants. It is also the world's top producer of steel, with more than double the output of the entire EU, the number-two producer by tonnage. |
Posted at 19/8/2008 06:40 by sagem LOOKING VERY GOOD AND BACK ON STREAM SOON;-Highlights: Option agreements to permit purchase of a 100% beneficial interest in Vlakplaats open pit coal project and a 35% beneficial interest in the Camden coal project Vlakplaats Coal Project: Shallow, largely open pit prospect, containing predominantly export A-grade thermal coal resources as well as some domestic grade thermal coal Contains JORC inferred resources of 178Mt gross in-situ tonnes - 100% attributed to SCR Abuts the Company's previously announced Elof Coal Project Camden Coal Project: Contains up to five coal seams, including the B and C Seams which are the most widely exploited coal seams in the Ermelo Coal Field and primarily used for domestic and export thermal product. Located approximately 200km SE of Johannesburg, in close proximity to the Camden Power Station The Board believes area to have the potential to host a significant coal resource Following transactions, SCR raises JORC compliant attributable coal resource to circa 240Mt over contiguous licences in coal producing region Introduction South China Resources plc announces that its 100% owned South African subsidiary has acquired an exclusive option to acquire 100% of the Vlakplaats prospecting rights from Universal Pulse Trading 132 Pty Ltd "UPT". This transaction will form part of a previously announced reverse takeover under the AIM Rules and re-admission is subject to shareholder approval. The transaction will also require Ministerial consent to the transfer of the prospecting right from UPT to the Company's South African subsidiary. The Company is in receipt of an Independent Competent Persons Report ("CPR") report on The Vlakplaats Coal Project in South Africa ("the Project" or "Vlakplaats"), which was completed by global mining consultancy RSG Global Coffey Mining (S.A.) Pty Ltd ("RSG Coffey"). About the Vlakplaats Coal Project Located in the Witbank Coal Field some 65km E of Johannesburg, the Vlakplaats Coal Project, which comprises the Vlakplaats and Wolvenfontein areas, contains predominantly export quality thermal coal suitable for international markets. The project abuts the Elof Coal Project, which SCR, as announced on 1 May 2008, has conditionally agreed to acquire, to the West. The Witbank Coal Field is economically the most important in South Africa and of the 5 defined coal seams exploited in the Witbank Coal Field, the Vlakplaats Coal Project contains an abundance of Seam 2 and Seam 4 which are the most widely exploited coal types, primarily used for domestic and export thermal product. The Vlakplaats Coal Project consists of a contiguous area, including the farm Vlakplaats No 268 IR, Portions 4, 5 and 6 and the Remaining Extent of the farm Wolvenfontein 244 IR and other minor areas held under prospecting right MP30/5/2/1/1520PR). Vlakplaats Coal Project Resources as calculated by RSG Coffey are as follows: Area Gross In situ t Mineable In-situ t Classification Gross in Situ t to Company (100%) Wolvenfontein JORC Seam 2 74,663,303 50,397,730 Inferred 74,663,303 Seam 4 705,540 476,239 Inferred 705,540 75,368,843 50,873,969 Inferred 75,368,843 Vlakplaats JORC Seam 2 23,081,000 13,848,000 Inferred 23,081,000 Seam 4 80,371,000 48,222,000 Inferred 80,371,000 Inferred 103,452,000 62,070,000 103,452,000 Grand Total 178,820,843 112,943,969 Inferred 178,820,843 The Company intends to rapidly advance the JORC inferred resources at Vlakplaats to a JORC measured category with a view to establishing open pit mining operations as soon as is practicable. The Vlakplaats Transaction The Company has acquired the right to acquire a 100% interest ("the Vlakplaats Option") in the Vlakplaats Coal Project. As consideration the Company will, upon registration of the prospecting right in the name of UPT in the Mining Titles and Registration Office, pay to UPT a non-refundable deposit of R3.5m (circa £250,000). The Company shall then receive an exclusive option period of 90 days from the date of registration of the prospecting right. In view of its size, the acquisition is a reverse takeover (as defined in the AIM Rules for Companies) for the Company and is therefore subject to the approval of its shareholders. A circular containing full details on the Vlakplaats Coal Project as well as the Elof Coal Project will be sent to shareholders in due course. Should the Company exercise the Option, the consideration payable to UPT will be R350m (circa £25m) in cash, payable upon registration of the transfer of the prospecting right to the Company. The Company is considering a number of sources of funding for the acquisition in the event that it exercises the Vlakplaats Option, which are likely to result in the issue of new ordinary shares in the Company. A facilitation fee of £2,000,000 shall be payable to the introducers of the Vlakplaats Project to the Company. It is proposed that the facilitators shall utilise these funds to subscribe for ordinary shares in the Company. About the Camden Coal Project Located in the Ermelo Coal Field some 200km SE of Johannesburg, the Camden Coal Project, is nearby the Camden Power Station, some 10km S of the town Ermelo. The project comprises the farms Kromdraai 441 IS, Drinkwater 443 IS, De Goede Hoop 473 IS and Burhmansklipkrans 331 KT (excluding portion 1) held under new order prospecting rights and measuring approximately 15000 Ha. The Camden Coal Project contains up to five coal seams, including the B and C Seams which are the most widely exploited coal seams in the Ermelo Coal Field and primarily used for domestic and export thermal product. To date no JORC or SAMREC compliant coal resources have been defined at the Project but due diligence of historical data is underway and the Board believes the area may have the potential to host a significant coal resource. The Camden Transaction The Company has procured the right to acquire, prior to 30 September 2008, a 35% interest (the Camden Option") in the Camden Coal Project from Continental Coal Limited ("Continental"). As consideration the Company will pay to Continental a non-refundable deposit of US$100,000 upon satisfactory completion of due diligence on the Camden Project. The Company has been granted the right to inspect the prospecting rights and intends, in conjunction with Continental, to conduct a limited technical drilling program over the project in the coming weeks. Should the Company exercise the Camden Option, the Company shall form a joint venture company with Continental in order to explore for coal resources on the Camden Project. The consideration payable to Continental will be R9.25m (circa £640,000) in cash, payable upon registration of the transfer of the prospecting rights to the Joint Venture. Furthermore the company would transfer R10m (circa £690,000) to the Joint Venture Company to fund an agreed exploration programme over the Camden Project. A facilitation fee of 5 Million ordinary South China shares shall also be payable to the introducers of the Camden Project to the Company. The Company will also retain the right to purchase a further 15% beneficial interest in the Camden Project on terms to be agreed in the future. Conclusion: South China Resources is pleased to report that it is in negotiations with holders of other South African mining assets and hopes to be able to update the market as to these transactions shortly. The Company has begun negotiations with potential end users of sea-borne A grade export thermal coal regarding appropriate funding for these transactions. The Board is confident that these premium projects can attract funding in a manner that will avoid excessive dilution and provide significant reward to existing shareholders. For further information please contact: Tim Horgan South China Resources Plc Tel: +44 (0) 20 7493 7671 Hugh Oram Nabarro Wells & Co. Ltd Tel: +44 (0) 20 7634 4700 Hugo de Salis/Victoria Thomas St Brides Media & Finance Tel: +44 (0) 20 7236 1177 |
Posted at 07/8/2008 12:45 by kayaks These new projects seem to be a shrewd move by SCR as the South African government are bringing 3 power stations back into production. These 3 power stations Camden, Grootvlei (Balfour,Mpumalanga) and Komati (Middelburg,Bethal Mpumalanga)power stations are all in close proximity to each other perhaps 100 kilometres apart. In fact the Camden power station is adjacent to Vlakplaats, I believe and is being brought back into production at a cost of R5,2 billion, I do not know the cost of the other power stations offhand,and when these power stations are back into production SCR will be their supplier of coal in my view. |
Posted at 03/8/2008 12:22 by wdurham What this issue of loan stock means is exactly what it says.SCR need some cash. Issuing new shares for cash in the usual way is not usually done during a period of suspension, as the shares are unable to trade and are therefore unattractive for a normal placing. So SCR have done the next best thing by issuing a convertible loan. Cash now, and the lender will convert his loan into shares later. I don't know that the situation of the lender is of any relevance at all. Jersey is part of the UK and Aguas Kalama is registered at Companies House, so it's not as if the cash has been lent by some shady Bermudan or BVI registered outfit about which no-one knows anything. |
Posted at 01/7/2008 13:44 by kayaks I emailed SCR yesterday and and asked for some news about the merger to be published on SCR's website and got a reply from Alastair Clayton stating that he is forbidden to make "frivolous" comments by the FSA. Since when would a simple statement saying that talks are progressing be deemed frivolous or forbidden. What an idiot! no wonder we shareholders have lost so much money. |
Posted at 04/6/2007 09:51 by cmlsmith SimonExcuse me, I emailed you and smitb about my concerns about the company in June and July 2006 and thereafter there was considerable discussion on TMF, sadly you continued to promote SCR, which may have misled many good people on this board. For example in October 2006 I explained in detail, as plain as the nose on your face, why I mistrusted SCR : South China Resources SCR - Summary of RNS Reports and Website 18 April 2005 SCR Placing and AIM "The funds raised by the Placing will be used to complete the agreed acquisition of Danfeng and fast track a feasibility study, with first mining operations possible within 12 months. The copper and molybdenum resources at Danfeng are currently calculated to Chinese standards, and South China Resources will immediately commence further drilling and metallurgical studies to comply with JORC measurements. The life of the project is estimated to be at least 10 years at present, but the resource is still open to the east, west and at depth. The current depth is 100m and the project is thus amenable to both open pit and underground mining. A comprehensive mining plan will be developed concurrently with the bankable feasibility study." (Note *First mining operations possible within 12 months or by April 2006.) "Geological Brigade 713 conducted iron and copper exploration in an area of 2.2 km2 between Xia Men Gou, Huang Jia Gou and Xi Liang which is excised from the Project area. The Shaanxi Provincial Geological Mining Bureau, Geological Team 13 report that this exploration defined the following resources: Copper Resource as calculated by Shaanxi Geological Brigade: Indicated - 6,228,409t @ 2.06% Cu 128,305t Inferred - 1,194,575t @ 0.45% Cu 5,376t Cu Iron Ore (Magnetite) Resource as calculated by Shaanxi Geological Brigade: Indicated - 3,322,127t @ 34.98% Fe Inferred - 663,636t @ 24.52% Fe The copper resource (above) is hosted within a magnetite (iron ore) skarn. The magnetite gangue to the copper mineralisation comprises the iron ore resource report above. Resources are calculated to Chinese standards and do not comply with the JORC Code on reporting standards." (Note *This is the only defined resource produced to date and in fact is based upon 1970's exploration work.) 20 June 2005 SCR Substantial Holdings. Steven Leithead 20.73% Nathan McMahon 20.73% (*Note Directors have major shareholdings.) 13 June 2005 SCR Drill Programme commences at Danfeng "*3 Drill Rigs have been dispatched to Danfeng, 1 More Drill Rig due end July 2005." "*The Definition Drilling programme is designed to fast-track Danfeng Resource." "*8000m of Diamond Core for approximately 60 holes to be completed in this phase by EDCO Drilling Contractors (Canada)." "* Drilling results to be released periodically, as they become available. " (*This RNS was not correct Drilling Results have not been released between June 2005 and October 2006 to date)." "*Samples will be shipped for analysis to SGS Laboratories' ("SGS")" "South China will announce the assay results following this analysis when they become available" (Note *assay results not released) "*Steven Leithead, Managing Director of South China said from the Project site: "South China Resources continues to demonstrate its ability to achieve desired objectives having listed on 7 weeks (from listing concept to trading on AIM), completed the negotiation and execution of Danfeng Project Joint Venture Agreement in 3 weeks and commenced drilling operations some 4 weeks thereafter. The Directors and management of South China Resources are keenly focussed on creating shareholder value through the exploration and development of suitable mineral assets in China and the commencement of diamond drilling at the Danfeng Project is clearly an important first step in this value creation process." 15 November 2005 SCR "DANFENG Cu-Mo-Fe PROJECT - OPERATIONS UPDATE Drilling Crews continue to work 24 hours a day, 7 days a week, with over 1800m of the planned 8000m diamond drilling programme now completed. Core cutting and sampling is continuing 16 hrs per day, 7 days a week. South China has to date experienced some significant delays in the turnaround for sample results for the Danfeng Project. This turnaround time issue has been exacerbated by pressure on laboratories generally as a consequence of the global upturn in exploration activity. Notwithstanding this, the Company is pleased to report initial underground and surface sampling results received to date: * Copper assays up to 4.77% Cu * Molybdenum assays up to 2.81% Mo * Tungsten assays up to 4.59% W * Lead assays up to 4.82% Pb * Zinc assays up to 9.49% Zn" (Note *This been drilling with four rigs since 13 June that's five months and all four rigs have only drilled 1800m and they are drilling 24 hours a day 7 days a week, that's four months say 120 days times four rigs that's 480 drilling days, just 3.75m a day ) Steve Leithead, Managing Director of South China, said, "Whilst we have experienced a bottle-neck at the laboratories in Tianjin and Toronto, work on the Project on the ground in China is progressing satisfactorily. With so many samples now in the system, we expect a much more regular flow of analytical data going forward." (Note * Incidentally I have used SGS in business for over 30 years and they are a first class testing authority IMHO) 03 January 2006 SCR RNS "Diamond Drilling began at Danfeng at the end of July. EDCO drilling contractors have been engaged to complete an 8000m diamond drilling program with the stated aim of utilising this drill data to establish a JORC resources over the existing Chinese C1 + C2 resource of 6Mt @ 2.16% Copper. (* Stated aim of using the drilling data to establish a Jorc resources over existing C1 an C2 resources of 6mt @ 2.16% Copper) The Company has attracted a substantial expatriate development team to undertake the project and to date over 2500m of this 8000m program has been completed. 5 underground explorations adits have been tunnelled under the deposit, allowing for geological mapping, sampling and the extraction of 50 tonnes of representative ore-types to be compiled and sent to Australia where detailed metallurgical test-work and initial flow-sheet design can be conducted." (Note *they have drilled 2500 metres with 4 rigs over 6.5 months well let's call that 195 days for 4 rigs , that's 780 drill rig days dropped to 3.20 metres per day per rig ) "Molybdenum mineralization has been intersected in development adits at the porphyry-skarn contact on the western margin of the Danfeng deposit, This previously undocumented mineralization has not yet been rigorously tested. Adit development and drilling in this area is anticipated to commence in the next 2 weeks" 25th January 2006 SCR RNS "THREE SIGNIFICANT NEW DISCOVERIES AT DANFENG *Copper Ridge, an area of previously unknown Copper-Zinc-Silver-M *Outcropping mineralisation at Copper Ridge has been sampled and tested at a local facility. Copper grades in excess of 3.2%, Zinc grades in excess of 8.0%, Molybdenum grades in excess of 0.53% and silver grades in excess of 23 g/pt have been returned." 31st March 2006 Interim Report SCR "* Diamond drilling commenced at the Danfeng copper / iron / molybdenum Project in July 2005 - drilling underway on a 24 hour, 7 day a week basis * Identification of molybdenite porphyry mineralised zone adjacent to skarn deposits" (Note *No results) 04 July 2006 SCR Grant of Business Licence and Issuance of Exploration Licence "South China Resources PLC ("South China Resources" or "the Company") is pleased to announce that its Joint Venture Company, the Shang Luo City Zhongbei Minerals has received both the Business Licence and the new Exploration Licence required to progress the development of the Danfeng Copper Molybdenum Project ("Danfeng" or "the Project"), the Company's flagship project situated in Shaanxi Province, China." "South China Resources currently holds a 70% beneficial interest in the Joint Venture Company" "The Company intends to update the market on progress at the Danfeng Project in the coming months once a full independent review currently being undertaken by a leading Independent Geological Consultancy has been completed." (Note No results after 1 year of drilling copper resource not yet defined) 22 September 2006 Danfeng Update. SCR "* Discovery of a new high grade copper and molybdenum zone in the Southwest of the Licence Area." "* Excellent copper intercepts in the South Western Zone include; 21.4m @ 1.02% Cu, 1.6m @ 2.35% Cu, 2.5m @ 1.96% Cu, 1.66m @ 1.22% Cu, 11m @ 0.83% Cu, 7.2m @ 0.90% Cu" "* Company drill rigs are now testing an area where significant mineralisation was encountered by previous drilling programmes in the 1970's in the Northeast of the licence area ("the North East Zone")" (Note * Diamond Drilling began at Danfeng at the end of July (2005). "EDCO drilling contractors have been engaged to complete an 8000m diamond drilling program with the stated aim of utilising this drill data to establish a JORC resources over the existing Chinese C1 + C2 resource of 6Mt @ 2.16% Copper." (*Note This resources should therefore have long been established ?) "* First drill hole to test the North East Zone has intersected 109 metres of pervasive molybdenite mineralisation in granite porphyry, extending from 25 metres to 134 metres depth." "* The Company continues to observe massive molybdenite formations at the Project and is currently evaluating the most accurate way to verify and report molybdenum values" (Note *No Results) "* In the coming weeks, the Company will begin drill testing the Eastern Zone to test the validity of previous Chinese drilling that formed the basis of the historical resource at Danfeng." (Note * Drilling Verification of Copper resources commenced July 2005 no results by 22 September 2006) Chairman Alastair Clayton said: "We continue to be confident that the Danfeng Project represents a high grade copper and molybdenum deposit with excellent economic potential." SCR now has a WEBSITE : "Previous drilling in the 1970's located the multiple stacked layers of high-grade copper / molybdenum Skarn at Danfeng. The mineralisation is located in the side of a hill and adits are being driven into the side of the hill, not declining into the valley floor." (*Note The Chinese defined Copper and Iron Ore resources and not Molybdenum ?) "2km of horizontal drilling has been carried out, and 500t of bulk sampling being taken. Over 7000m of diamond drilling has been completed to allow for a JORC resource to be calculated. This drilling has intersected massive pods of molybdenite grading in excess of 10% and further underground testing and mapping has revealed that these features are more widespread than previously thought. These high grade structures will be targeted first when mining commences." (Note *on the SCR website it says 7000m of the drilling is complete. Where are the promised drilling results and why has there been no RNS updating Danfeng progress ? I don't know how long that has been on the website, some time I would suspect, how do the drilling figures look, 4 drills have been in operation 24/7/7 for 16 months and drilled 7,000 metres looking at all the reports, which works out at 480 days times 4 drills, 1920 drill days, or 3.65m per day per drill.) "Previous drilling by the Chinese in the 1970's located multiple stacked layers of high-grade Copper skarn at Danfeng with associated ultra-high-grade Molybdenum." (Note *On the SCR Website, the Chinese resource calculation in the 1970's for Copper and Iron ore not molybenum ?). - You rejected this out of hand - |
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