Holding(s) in Company

RNS Number : 0808G

Ncondezi Coal Company Limited

03 June 2013

 



News Release

Holding(s) in Company

3 June 2013: Ncondezi Coal Company Limited ("Ncondezi" or the "Company") (AIM: NCCL) has been advised by Kulczyk Investments S.A. that it has a 9.2% direct interest in the Company.

Kulczyk Investments S.A. is an international investment company, focused on investment opportunities in global emerging markets. The company's chosen strategic industries are energy, mineral resources, infrastructure and real estate.

Enquiries:

For further information please visit www.ncondezicoal.com or contact:

Ncondezi Services (UK) Limited:	Hanno Pengilly Alex Buck	[phone]
Liberum Capital Limited: NOMAD & Broker	Michael Rawlinson Chris Bowman Christopher Kololian	[phone]
finnCap: Joint Broker	Matthew Robinson Elizabeth Johnson Joanna Weaving	[phone]
Pelham Bell Pottinger:	Daniel Thöle Weston Macklem	[phone]

Ncondezi Coal Company owns 100% of the Ncondezi Project which is strategically located in the power generating hub of the country, the Tete Province in northern Mozambique. The Company is developing an integrated thermal coal mine and power plant in phases of 300MW phases, up to 1,800MW and first production is planned for 2017. The first 300MW phase is targeting domestic consumption in Mozambique using existing transmission capacity to meet current demand.

 

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