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Proactiveinvestors is a leading multimedia news organization, investor portal and events management business with offices in New York, Sydney, Toronto and London. Proactiveinvestors operates five financial websites in four languages providing breaking news, comment and analysis on hundreds of... More
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  • Xceed Resources To Provide Update On Financing For Moabsvelden Project 0 comments
    Mar 7, 2013 10:30 PM

    Xceed Resources (ASX: XCD) is preparing to provide an update regarding the financing of the development of the Moabsvelden project, with the ASX granting the company a trading halt today - with its shares placed in pre-open.

    The Moabsvelden thermal coal project is situated in the Witbank coal field in South Africa, and is expected to have a mine life in excess of 14 years with the potential to produce export quality as well as domestic quality thermal coal from an open-cast, low strip mine.

    The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Tuesday 12th March 2013.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

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