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Ncondezi Coal Com Ltd NPV(DI) (NCCL)

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25-Jul-2019 09:55 AM

NCC sees 52% rise in FY pre-tax profits as transformation programme on track

Cybersecurity firm NCC reported a 52% increase in full-year pre-tax profit boosted by assurance income in North America, Europe and the Rest of the World but offset by declines in its escrow business. Pre-tax profits rose to £17.8m with adjusted pr
28-Dec-2018 08:56 AM

Ncondezi Energy expects to finalise Mozambique project timetable in January

Ncondezi Energy Limited said it expected the work programme and timetable for its 300MW power and coal mine project in Tete Mozambique to be finalised in January 2019. Following the announcement on 26 November 2018, the company said it had continued to e
03-May-2018 09:31 AM

Ncondezi Energy provides Mozambique project update

Ncondezi Energy has provided an update on its process to conclude a binding joint development agreement (JDA) for its integrated 300MW power and coal mine project in Tete Mozambique. The project consists of two 150MW coal fired power plants, open pit coa
27-Dec-2017 08:14 AM

Ncondezi Energy updates on power and coal mine project

Ncondezi Energy has updated on efforts to conclude a binding joint development agreement for its 300MW power and coal mine project in Tete Mozambique, potentially by the end of April 2018. It said the integrated financial model for power plant and mine h
29-Sep-2017 07:33 AM

Ncondezi Energy say cash will cover working costs until mid-October

Ncondezi Energy reported a cash balance of $0.09m as of 25 September 2017, which is sufficient to cover the company's working capital costs until mid-October 2017. HIGHLIGHTS: - On 11 May 2017, the company agreed an amendment to extend the sharehol
30-Jun-2017 09:13 AM

Ncondezi Energy widens FY pretax loss

Ncondezi Energy has expanded its FY pretax loss to $3.0m, from a loss of $2.1m previously. A total of $2.4m has been drawn down under the Shareholder Loan and the repayment amount is now $5.1m on 2 September 2017, including principal and return. "
30-Jun-2016 07:39 AM

Ncondezi Energy issues update

Ncondezi Energy (NCCL) said it had a cash balance of $0.3 million with undrawn loan facility of $0.7 million as of 6 June. HIGHLIGHTS - Binding joint development agreement (JDA) with Shanghai Electric Power (SEP) signed in January 2016 to develop the po
11-Jan-2016 04:23 PM

Ncondezi's deal

Ncondezi Energy has signed a binding joint development agreement with Shanghai Electric Power Co., Ltd to develop the Ncondezi 300MW coal fired power project in Tete, Mozambique. SEP will become the strategic investor in the power project and will inves
26-Jun-2015 10:37 AM

Ncondezi Energy looks to raise further funds

Ncondezi Energy, an emerging power development company with an integrated thermal coal mine and power plant project located near Tete in northern Mozambique, made a loss after tax for the year ended December 31 2014 of $37.7m. This compared to a loss of
21-May-2015 07:53 AM

NCCL says CEO Paul Venter to step down

Ncondezi Energy said Paul Venter has decided to step down as Chief Executive Officer (CEO) and Executive Director. Following the $5m placing to African Finance Corporation (AFC) in December 2014, Ncondezi announces that Aman Sachdeva has been appointed a
15-Dec-2014 01:17 PM

Ncondezi to seek extension with EDM

Ncondezi Energy is seeking an extension from Electricidade de Mozambique over a commercial deal for the sale of electricity from the Ncondezi project located near Tete in northern Mozambique. Ncondezi announced in September that it had reached a condit
20-May-2014 08:12 AM

Ncondezi Energy narrows FY pretax loss

Ncondezi Energy narrowed its FY pretax loss to $7.0m, from a loss of $8.6m previously. Most of the losses were attributable to other administrative expenses. "The Ncondezi Project gained significant momentum during 2013, as we achieved a number of k
17-Feb-2014 08:14 AM

Ncondezi Energy says three directors to resign

Ncondezi Energy Limited confirms further Board restructuring as part of its transformation from a coal mining company to an integrated coal mine and power developer. In light of Ncondezi's focus on the Southern African energy sector and the strengt
14-Oct-2013 01:27 PM

Ncondezi inks power purchase heads of terms

Ncondezi Energy has signed a non-binding power purchase and transmission agreement heads of terms with Electricidade de Mozambique, the state owned power utility company for its 300MW integrated thermal coal mine and power plant project, which is located
05-Feb-2013 12:40 PM

Board changes at Ncondezi Coal

Ncondezi Coal Company has appointed Peter O'Connor and Christiaan Schutte as non-executive directors. Colin Harris has left the Board. Mr O'Connor and Mr Schutte have both had long careers at Eskom, the South African electricity public utility
04-Dec-2012 12:02 PM

Ncondezi identifies new project in Mozambique

Ncondezi Coal Company has completed a feasibility study in Mozambique and this has confirmed technical and economic viability of a large scale, long life, open pit mine supporting an integrated 1800MW power plant project. The company is now implementing
13-Sep-2012 09:17 AM

Ncondezi receives positive results for power plant project

The results of Power DFS completed by Parsons Brinckerhoff and independently reviewed by STEAG confirms the economic and technical feasibility of an 1800MW mine mouth power plant at the Ncondezi Project in the Tete Province of Mozambique The power plant
04-Sep-2012 08:13 AM

Ncondezi Coal posts $4.5m loss

Ncondezi Coal Company made a loss after tax for the half year period ended 30 June 2012 of US$4.5m (H1 2011: US$1.1m). The large movement is due to a US$4.1m gain on a derivative financial asset arising in H1 2011 which was settled in January 2011. The
23-Apr-2012 07:31 AM

Ncondezi Coal points to progress in Mozambique

The board of Ncondezi Coal Company insists 2011 was a year of steady progress towards developing the Ncondezi Project into a producing coal business. At year end the 59,000m drilling campaign for the DFS was completed on schedule, negotiations for acce
21-Nov-2011 09:53 AM

Ncondezi well positioned and funded in emerging coal basin

Ncondezi Coal Company has confirmed it is well positioned in an emerging coal basin, well funded with US$34 million in cash (as at 7 November 2011) and progressing with the Ncondezi Project DFS and related initiatives. The DFS drill programme completed i
24-Jun-2011 07:50 AM

Ncondezi Coal proceeding with drilling programme

Mozambique mining group, Ncondezi Coal has reported a loss of $0.472m for the year to 31 December 2010 ( 2009 loss$0.807m). CEO Graham Mascall says: ""The Company has had a very successful 2010 including the completion of our Initial Public Of
27-May-2011 08:32 AM

Ncondezi Coal encouraged by first drilling

Mozambique mining group, Ncondezi Coal Company has reported encouraging initial drilling results from the first bore hole which have identified a coal with reasonable swells and rogas that can produce a coal with a swell greater than 7 and rogas of more
13-Jan-2011 10:48 AM

Ncondezi Coal to raise up to $36.5m

Mozambique-focused Ncondezi Coal Co. plans to raise up to $36.5m gross from institutional investors via a placing of shares representing about 10% of its existing share capital. The net proceeds will fund a repurchase of existing shares held by a pre-IP
23-Sep-2010 12:24 PM

Ncondezi Coal starts core drilling

Ncondezi Coal, which has assets in the Tete Province in Mozambique, has started core drilling on licences 804L & 805L as part of a programme to complete a definitive feasibility study by mid-2012. Results are expected in the early part of Q1 2011. Sto
01-Sep-2010 11:14 AM

Ncondezi Coal on schedule for DFS

Mozambique miner Ncondezi Coal Company says further exploration and drilling work on its Ncondezi Project is on schedule as part of its aim to complete a definitive feasibility study by June 2012. CEO Graham Mascall said, ' We have budgeted $15m f
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