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Strategic Natural Resources secures R100 million investment

Strategic Natural Resources (SNR), which owns 74% of the Elitheni Coal Mine at Indwe, has secured a R100 million investment from Richardsons Capital. The approximately 200 million tonnes coal resource exists on only 8,500 hectaries or 5% of the 184,000 hectare rights area. SNR will deliver the first coal shipments to global steel supplier Trasteel by the middle of 2012