buy cdn now its at the start of a bull in china!

heres hoping. I have been in this for a while now and its taken a long time to get where it is now.Its now at the price i bought in at so i,m looking for a considerable rise in the very near future.As they say things can only get better.

Caledon Resources PLC
28 April 2006



PRESS RELEASE


April 27, 2006



Mojiang Drill Update

Caledon Resources ('Caledon' or 'the Company') is pleased to report on further
interim results from current drilling in the Mojiang gold project, situated in
South-western Yunnan Province, PRC.


Drilling operations at Mojiang commenced in early February 2006, with a planned
programme of 2500 meters of Reverse Circulation (43 holes) drilling and 1500
metres (22 holes) of diamond drilling. To date, 43 RC holes and 6 diamond drill
holes have been completed for a total length of 2525 metres.


Highlights from the recent Mojiang drilling include:


- MJDDH009 intersected 10.12 g/t gold over 26.00 metres
- MJRC057 intersected 4.84 g/t gold over 5.00 metres
- MJRC059 intersected 2.54 g/t gold over 45.00 metres
- MJRC061 intersected 1.54 g/t gold over 24.00 metres
- MJRC071 intersected 2.29 g/t gold over 16.00 metres
- MJRC074 intersected 8.85 g/t gold over 1.00 metre
- MJRC075 intersected 15.35 g/t gold over 2.00 metres


A complete breakdown of these results has been included as an appendix to this
press release.


Reverse Circulation (RC) drilling operations have been completed at Mojiang,
while diamond drilling continues to progress. A further 16 holes for a total of
1100 metres of drilling remain to be completed.


Caledon's technical management team continues to be satisfied with the results
obtained to date from the 2006 drilling program, with excellent mineralisation
continuity established and at the same time preserving the significant upside
potential of the property.


Results to date (see releases: March 1st and March 29th, 2006) continue to prove
the existence of a flat-lying near surface zone of disseminated gold
mineralisation, averaging 20 to 40 metres in true thickness, occurring over a
strike length in excess of 2 kilometers. More narrow (2 to 10 metre wide) zones
of high grade gold mineralisation cross-cut the low grade zones, occurring as
banded epithermal veins and intense silification.


Upon completion of the drill programme in June, Caledon's field crews will begin
the task of resource modeling using geological, structural and assay data
collected from the 2005 and 2006 drill programs. Once this step has been
completed, the resource model and drill hole database will be passed to SRK
Consulting, who have been engaged by Caledon to complete a resource estimate at
Mojiang. This resource estimate should be completed in 2006.


The Mojiang goldmine is situated in Yunnan Province, South Western China and
lies 200 kms southwest of the provincial capital city of Kunming and 10 kms
northeast of Mojiang City. In 2004, an agreement was signed between Caledon
Resources PLC (Caledon) and the Mojiang Mining Company to conduct exploration at
the Mojiang goldmine. Caledon has the right to acquire 70% of the project.


Harry Mustard (MAusIMM), Caledon Resources' Senior Geologist, is the 'competent
person' as defined by London AIM's recent 'Guidance Note for Mining, Oil and Gas
Companies, March, 2006 - AIM 16'. Mr. Mustard is overseeing the company's
exploration work at Mojiang and supervised the preparation of the information in
this release.






On behalf of the board,



Robert Alford George Salamis

Chairman Chief Executive Officer



For further information, please visit our website at

www.caledonresources.com
or contact:


George Salamis

gsalamis@caledonresources.com

Donal Douglas, Investor Relations

ddouglas@caledonresources.com

Caledon Resources Plc
18 Upper Brook Street. London W1K 7PU England
Telephone +44 (0) 20 7318 5780 Facsimile +44 (0) 20 7318 5781


APPENDIX



Interim Drill Results - Mojiang Gold Project, Yunnan, PRC

Drill Hole From To Width Gold Grade
MJRC054 2 17 15 1.69 g/t
MJRC055 2 16 14 0.61 g/t
MJRC056 0 18 18 1.83 g/t
MJRC057 1 6 5 4.84 g/t
MJRC057 22 58 36 0.85 g/t
MJRC058 0 30 30 1.69 g/t
MJRC059 0 45 45 2.54 g/t
MJRC060 0 18 18 0.91 g/t
MJRC060 24 32 8 0.80 g/t
MJRC061 0 24 24 1.54 g/t
MJRC062 1 54 53 1.43 g/t
MJRC063 0 44 44 1.00 g/t
MJRC064 0 26 26 0.52 g/t
MJRC066 37 48 11 0.65 g/t
MJRC067 0 25 25 0.81 g/t
MJRC067 43 56 13 0.58 g/t
MJRC068 9 24 15 1.66 g/t
MJRC068 35 47 12 0.78 g/t
MJRC070 20 32 12 1.48 g/t
MJRC071 7 23 16 2.29 g/t
MJRC072 7 17 10 0.99 g/t
MJRC073 0 24 24 1.17 g/t
MJRC074 15 16 1 8.55 g/t
MJRC074 47 52 5 2.86 g/t
MJRC075 7 9 2 15.35 g/t
MJRC075 22 46 24 1.62 g/t
MJRC076 0 2 2 3.46 g/t
MJRC076 8 13 5 1.23 g/t
MJRC076 34 43 9 2.88 g/t
MJRC076 57 59 2 1.31 g/t
MJRC077 11 17 6 0.82 g/t
MJDDH008 58 60 2 3.58 g/t
MJDDH009 22 48 26 10.12 g/t




This information is provided by RNS
The company news service from the London Stock Exchange

With the gold price riding high why oh why is CDN not moving up too?
Massive reserves in China....

CDN is looking stronger now.

Xstrata signs heads of agreement for partial sale of Cook coal mine

LONDON (AFX) - Xstrata PLC said it has signed the heads of agreement for the
partial sale of its Cook colliery in Australia to Caledon Resources PLC for 45.6
mln aud in cash.
The mine is owned by Cook Resource Mining Pty Ltd, in which Xstrata holds a
95 pct stake. The remaining 5 pct is owned by Tokyo Boeki. Xstrata did not
specify what stake it is selling to Caledon.
"We are now focusing on implementing an exploration programme of the
available resources in the Northern region of the site," said Xstrata Coal chief
executive Peter Coates.
The deal, which is subject the approval of shareholders of both companies,
involves a 2.5 mln aud break fee, Xstrata said.


monicca.egoy@afxnews.com
mbe/lam

COPYRIGHT

Copyright AFX News Limited 2005. All rights reserved.
The copying, republication or redistribution of AFX News Content, including by
framing or similar means, is expressly prohibited without the prior written
consent of AFX News.

AFX News and AFX Financial News Logo are registered trademarks of AFX News
Limited

PRESS RELEASE


June 26, 2006

Heads of Agreement Signed with Hodges Resources Limited Regarding Option to
Acquire Caledon's Chinese Exploration Projects in Guangxi and Yunnan

Caledon Resources ('Caledon' or 'the Company') is pleased to announce the
signing of a Heads of Agreement with Hodges Resources Limited ('Hodges'), an
Australian Stock Exchange listed company trading under the symbol 'HDG'

The Heads of Agreement (HOA) with Hodges sets out the terms under which they may
exercise an option to acquire Caledon's existing interests in all of the
Company's Chinese exploration projects including, Hengxian, Gaolong, Badu and
Mojiang.

Up until recently, Hodges Resources have primarily focussed their efforts on
exploration in Australia. They currently have a treasury of $AUS 2.7 million
which Caledon regards as sufficient to maintain a valid exploration program in
China, carrying on from existing work programs and commitments that are
currently in-place.

Completion of this transaction will allow Caledon to maintain a direct interest
and management control of its Chinese assets, while providing the Company with
enhanced ability to focus its senior management and financial resources on
completing its recently announced producing coking coal asset acquisition
strategy in Australia (see June 19th press release 'Caledon Resources Signs
Heads of Agreement with Xstrata Coal Pty Limited to Acquire the Cook Coking
Coal Mine Operation in Australia').

Agreement Terms

In consideration for a complete transfer of Caledon's ownership in all of its
projects situated in Guangxi provinces (Gaolong, Badu and Hengxian),
Caledon will be issued 3,033,000 shares in Hodges within two months of
completion of their due diligence period. This share ownership will make
Caledon the largest shareholder of Hodges, with an ownership interest
of approximately 14.9%. Hodges currently has 20 million shares on issue.

Also under the terms of the HOA, Caledon will grant Hodges a 13 month option to
acquire the Company's current interest in the Mojiang gold property in Yunnan
province. The exercise of Hodges' option to acquire Caledon's Mojiang interest
will be subject to the following:

AUS $6 million in cash or shares in Hodges to be issued to Caledon upon
exercise of the option,
a further AUS $6 million to be paid to Caledon within six months of
commencement of commercial mining,
a net smelter return royalty of 2% until total royalty payment of A$10
million, thereafter at 0.5% until a total royalty payment of A$15 million,
thereafter at 0.25%.

In consideration of both options granted to Hodges, Caledon has been given the
right to occupy two seats on Hodges' Board of Directors.

Completion of a full-form agreement with Hodges is subject to due diligence to
be conducted over the next 2 months.

Management Commentary

George Salamis, CEO of Caledon reports: 'We remain strong believers in China. In
light of our recently announced change in direction, away from pure exploration
and towards becoming a resource producer of our own right with mine production
in Australia, this transaction with Hodges is a logical next step. The deal with
Hodges will afford our shareholders an opportunity to maintain exposure to the
highly prospective Chinese mining scene, providing continuity to the work
initiated in China over 3 years ago. We look forward to working side-by-side
with Hodge's management, both corporately and on the ground in China, towards
rewarding both company's shareholders with future success in China'.


Amendment to June 19th Press Release

Caledon Resources wishes to issue an amendment to its June 19th 2006 press
release regarding the signing of a Heads of Agreement re: the Cook Coking Coal
Mine. Caledon has agreed upon and signed a Heads of Agreement with Xstrata Coal
Pty Limited, which is a subsidiary of Xstrata plc, and not with Xstrata Mining
Limited as originally stated. In addition, Caledon also wishes to amend the
original wording regarding the quotation of mineral resources on the Cook Mine
property, to read 'Xstrata Coal Pty has quoted an in situ resource base
(Measured and Indicated, JORC standard) of 126 million tonnes of coal for the
Cook Mine' and not: 'Xstrata has quoted a reserve base (Measured and Indicated,
JORC basis) of 126 million tonnes of coal for the Cook Mine'.


On behalf of the board,

Robert Alford George Salamis
Chairman Chief Executive Officer

Caledon Resources swings to FY profit of 3.3 mln stg from loss 1.83 mln
AFX


LONDON (AFX) - AIM-listed mining company Caledon Resources PLC said it swung into a profit of 3.3 mln stg for the last year to Dec 31 from a loss of 1.83 mln a year earlier.

The company posted the improved results after a successful exit from its investment in Afcan Mining Corp. Caledon disposed of its investment in Afcan following the purchase of Afcan by Eldorado Gold Corporation, realising 8.5 mln stg.

On 16 June, the Company signed a tentative deal with Xstrata PLC to acquire the Cook Coal Mine in Queensland, Australia, for 45.6 mln aud.

Commenting on today's announcement, chairman Robert Alford said: 'The company made significant progress during 2005 ending the year with a

substantially strengthened balance sheet. The recently announced heads of

agreement to acquire the coal producing Cook colliery takes the company to a new

and exciting stage'.

newsdesk@afxnews.com

gh/cw



COPYRIGHT



Copyright AFX News Limited 2005. All rights reserved.

The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
This is looking good to me.

Hi anyone any information on this share as to when it will resume trading?

mmm Im wondering too .... no news at all it this a loser?

Covered in The IC and the view was that "Thanks to Cook Coal, when trading resumes, that the shares should rise". Yes, well let's hope so!!

Caledon Resources says agreement signed on Cook Coal Mine in Queensland
AFX


LONDON (AFX) - Caledon Resources PLC said it has now signed an asset purchase agreement ('APA') with Xstrata Coal Pty Ltd regarding the acquisition of the southern mining region of the underground Cook Coal Mine situated in Queensland, Australia.

Xstrata retains exclusive rights to the northern region of the mine lease for exploration.

The transaction has been structured between CC Pty Ltd, a newly formed and wholly owned subsidiary of Caledon, and Cook Resources Mining Pty Ltd ('CRM') which is a subsidiary of Xstrata Coal Pty Ltd.



newsdesk@afxnews.com

Caledon Resources PLC
08 September 2006


8th September 2006

Caledon Resources plc
('Caledon' or the 'Company')

Appointment of Executive Chairman, Australian MD and Non-executive Director

Robert Alford appointed as Executive Chairman
Mark Trevan appointed as Managing Director Caledon Coal Pty Ltd.
Nick Clarke appointed as Non-Executive Director

Following previous announcements made on 19 June and 22 August 2006, Caledon
(AIM: CDN) today announces a series of appointments to its board and the boards
of its subsidiaries. These appointments are designed to drive the Company
forward into resource production as a result of the signing of an asset purchase
agreement ('APA') with Xstrata Coal Pty Ltd ('Xstrata') regarding the
acquisition of the southern mining region of the underground Cook Coal Mine
situated in Queensland, Australia.

As previously reported, completion of the APA is subject to the fulfillment of
certain conditions precedent. These include Foreign Investment Review Board
approval in Australia, ministerial approval to the granting of the sublease
relating to the Cook underground coal mine, Caledon shareholder approval,
Caledon and Xstrata Board Approval and Caledon's re-admission to AIM.

Commenting today, George Salamis (Chief Executive), said: 'I am delighted that
Robert Alford has agreed to become Executive Chairman of the Company, his skills
as a negotiator and his driving influence are already being felt throughout the
Company. I am especially pleased to welcome Mark Trevan to the board of Caledon
Coal Pty Ltd. Mark's coal industry knowledge will prove an enormous asset to the
management of our coking coal business in Australia.

Robert Alford (Chairman) added 'I am delighted that Nick Clarke has agreed to
serve as a Non-Executive Director of the Company; this appointment goes some way
to restoring the Executive/Non- Executive balance. Nick is an experienced
resource executive and I welcome him to the board.'

Robert Alford went on to add: 'at readmission Mark Trevan will be proposed as a
Director of Caledon Resources Plc. Also at the date of readmission, Peter Seear
will be proposed as a director of the Caledon Resources plc board. This follows
on from the announcement of the 19th of June 2006 when Peter was named as Chief
Operating Officer. Today's appointments mark the next stage in Caledon's
development as we advance toward our entry into the coking coal business in
Australia.'

For further information contact:

George Salamis / Donal Douglas, Investor Relations

gsalamis@caledonresources.com/

ddouglas@caledonresources.com
Caledon Resources Plc
18 Upper Brook Street. London W1K 7PU England
Telephone +44 (0) 20 7318 5780 Facsimile +44 (0) 20 7318 5781

Further details of appointments

Robert Alford (Chairman) (56) joined the Board of Finelot plc at the time of
Admission of said Company's shares to trading on AIM in 2000. Robert became
non-executive Chairman of Caledon in February 2005 and now takes up the
Executive Chairman position in order to manage the Company's transition from
China focused gold explorer to coking coal producer with proposed assets in
Australia.

In the 70's and 80's Robert held a variety of senior positions in the Nelson
Hurst Group including responsibility for Mergers and Acquisitions. In 1989 he
negotiated the sale of the Nelson Hurst Group to Citibank NA. In May 1991 the
now much-enlarged financial services group was reacquired by management. The
Company was floated on the London Stock Exchange in December 1993 with Robert as
Joint Group Managing Director. He resigned in May 1995 and now resides in
Guernsey. Robert is a member of Lloyds, registered as a Non-Executive Director
with the FSA and is recognised by The Guernsey Financial Services Commission and
The Bermuda Monetary Authority (as a director of regulated businesses).

Mark Trevan (Managing Director - Caledon Coal Pty Ltd) (50) joins Caledon Coal
Pty Ltd ('Caledon Coal') as Managing Director after 25 years with Rio
Tinto where he started as an accountant and progressed to hold senior executive
roles in the areas of marketing, general commercial, corporate strategy and
project feasibility. Caledon Coal is Caledon's holding company in Australia.
Mark's experience covers a number of bulk commodities, however, of most
relevance to Caledon, is the last 9 years where he worked for Rio Tinto Coal
Australia (RTCA) as General Manager Marketing until 2005, at which time he was
appointed to lead a project team investigating the establishment of a major new
thermal coal mine. During Mark's time as General Manager Marketing the company
opened two coking coal mines and is now a significant participant in the
internationally traded metallurgical coal market in addition to its substantial
presence in the thermal coal market. Mark brings extensive coal industry
contacts both within Queensland and the international arena.

During the last five years Mr Trevan also held directorships in:

Australian Coal Resources Limited;
Coal & Allied Operations Pty Limited;
Coal & Allied Sales Pty Limited;
Hexham Engineering Pty Limited;
Hunter Valley Coal Pty Limited;
Lemington Coal Mines Pty Limited;
Miller Pohang Coal Co Pty Limited;
Millfield Coal Mining Co Pty Limited;
Novacoal Australia Nominees Pty Limited;
Novacoal Australia Pty Limited;
Port Hunter Coal Management Pty Limited;
R W Miller (Holdings) Limited;
Clermont Coal Mines Limited;
CNA Resources Limited;
Hail Creek Coal Pty Ltd;
Hail Creek Marketing Pty Ltd; and
HC Developments Pty Ltd

Nick Clarke (Non-Executive Director) (54) is a graduate of the Camborne School
of Mines and is a Chartered Engineer he has been involved in the mining industry
since 1974 in a number of production and service capacities. He worked in South
Africa, Ghana and Saudi Arabia on mines for a period of some 17 years. In 1992
he commenced working in the consultancy industry and in 1996 was made Managing
Director of CSMA Consultants Ltd which was subsequently acquired by Wardell
Armstrong International. During this period he managed numerous technical
studies on mineral projects in Africa, Europe and Former Soviet Union. He was
author and Project Manager on a number of AIM and TSX Competent Person Reports
during this period and was most specifically involved in the economic valuation
of mineral assets. Nick has extensive experience in managing feasibility studies
and how they interrelate to finance requirements.

In 2004 he joined Oriel Resources plc as Director of Mining, an AIM and TSX
quoted natural resources company with nickel and chrome assets in Kazakhstan,
and was appointed Managing Director in 2005. In July 2006, Oriel sold its gold
assets in Kyrgyzstan and Russia to Lero Gold Corporation, a TSX-V listed
company, and Mr Clarke holds the position of President and CEO of this new
company.

In addition to his appointment as director of Caledon Mr Clarke is currently a
director of the following companies:

Oriel Resources PLC; and
Lero Gold Corporation.

During the last five years Mr Clarke also held directorships in:

CSMA Consultants Ltd; and
AFCAN Mining Corporation.

There are no further disclosures required in relation to the above named
directors under Schedule 2 (g) of the AIM rules


This information is provided by RNS
The company news service from the London Stock Exchange

Caledon Resources PLC
13 September 2006



18 Upper Brook Street. London W1K 7PU England
Telephone +44 (0) 20 7318 5780 Facsimile +44 (0) 20 7318 5781

PRESS RELEASE


September 13, 2006

Excellent Results On Completion of Major Drill Programme at Mojiang

Caledon Resources Plc ('Caledon' or the 'Company') is pleased to announce the
completion of major drilling operations on the Mojiang gold project, situated in
South-western Yunnan Province, PRC.

The programme consisted of 2,592 metres of reverse circulation (43 holes)
drilling and 1,603 metres (24 holes) of diamond drilling and took 5 months to
complete. The aim of the drilling was threefold:

1. To further test and better define areas of near surface higher grade
mineralisation.
2. Close-up drill spacing to allow detailed geological and structural analysis
to be used in a resource/reserve estimate to be conducted by SRK Engineering
('SRK')
3. Use larger diameter drill core to allow for sufficient sample to be recovered
for further metallurgical test work.

Highlights from the recent Mojiang drilling include:

MJDDH013 intersected 2.05 g/t gold over 14metres
MJDDH018 intersected 8.31 g/t gold over 1.75 metres
MJDDH020 intersected 1.32 g/t gold over 35.80 metres
MJDDH 022 intersected 17.10 g/t gold over 2.30 metres
MJDDH 023 intersected 34.70 g/t gold over 1.30 metres
MJDDH 024 intersected 2.70 g/t gold over 18 metres
MJDDH 025 intersected 2.03 g/t gold over 14 metres
MJDDH 027 intersected 7.24 g/t gold over 10 metres
MJDDH 028 intersected 46.9 g/t gold over 2 metres
MJDDH 030 intersected 5.43 g/t gold over 6 metres
MJDDH 031 intersected 17.9 g/t gold over 2.5 metres

A complete summary of all significant results has been included as an appendix
to this press release.

Results for the reverse circulation drilling and earlier completed diamond holes
were published in the April 28th press release.

The results of the recently completed programme again confirm the continuity of
mineralisation and presence of thick (>30m) zones of mineralisation interspersed
with narrow bonanza grade epithermal vein style mineralisation.

The recently completed programme combined with earlier drilling completed by
Caledon brings the drill hole spacing down to a an average of 20 metres by 30
metres in the two areas selected for more intense drilling (45 N to 50 N and 56
N to 59 N). This pattern of drilling was planned to allow for detailed
geological and structural control on the estimation of gold resources, to be
completed by SRK in the 3rd Quarter of 2006. Once all final trace element
results have been received for the drilling, the updated database will be
forwarded to SRK to complete the independent resource estimate. A decision to
commence with a scoping study on the Mojiang Project will be made on the basis
of SRK's results.

Once all final trace element results have been received, representative core
samples will be sent to Ore Test Laboratories (SGS) in Perth, Australia for
further metallurgical test work.

Previous shallow drilling at Mojiang, conducted by the company between January
and June 2005, has successfully identified a relatively flat lying, near surface
zone of gold mineralisation occurring over a strike length in excess of two
kilometres and hosting an average zone thickness of approximately 40 metres.
Past drilling also identified selected sections of epithermal-style bonanza
grade mineralisation, in some instances in excess of 50 g/t gold over economic
widths.

Drilling conducted last year has highlighted deeper (150-200 metres below
surface) high grade depth potential at Mojiang with intercepts reporting up to
18 metres wide assaying 15.38 g/t gold. This potential remains to be properly
tested.

Harry Mustard (AIG), Caledon Resources' Senior Geologist, is the 'competent
person' as defined by London AIM's recent 'Guidance Note for Mining, Oil and Gas
Companies, March, 2006 - AIM 16'. Mr. Mustard is overseeing the company's
exploration work at Mojiang and supervised the preparation of the information in
this release.

On behalf of the board,


Robert Alford George Salamis
Chairman Chief Executive Officer




For further information, please visit our website at
www.caledonresources.com
or
contact:


George Salamis
gsalamis@caledonresources.com

Donal Douglas, Investor Relations

ddouglas@caledonresources.com

Caledon Resources Plc
18 Upper Brook Street. London W1K 7PU England
Telephone +44 (0) 20 7318 5780 Facsimile +44 (0) 20 7318 5781




Appendix

Interim Drill Results - Mojiang Gold Project, Yunnan, PRC

Hole No From (m) To (m) Interval (m) Au g/t
MJDDH008 58 60 2 3.58
MJDDH009 22 48 26 10.12
inc 32 34 2 96.60
MJDDH010 A 44 45 0.6 1.17
MJDDH010 A 60 62 2 1.22
MJDDH011 6 8 2 3.49
MJDDH011 36 40 4 1.02
MJDDH012 0 6 6 3.12
MJDDH013 28 42 14 2.03
inc 40 42 2 9.39
MJDDH013 52 53 1 1.35
MJDDH013 56 58 2 4.68
MJDDH013 74 76 2 1.15
MJDDH013 80 86 6 1.28
MJDDH016 42 56 14 0.73
MJDDH016 98 102 4 0.95
MJDDH017 6 8.05 2 3.32
MJDDH017 14 18 4 1.12
MJDDH017 28 30 2 1.12
MJDDH018 24.60 26.35 1.75 8.31
MJDDH020 10 45.80 35.80 1.32
MJDDH021 8 12 4 1.62
MJDDH022 22 24.30 2.30 17.10
MJDDH022 26.75 27.60 0.85 38.20
MJDDH022 31 32 1 3.48
MJDDH022 38.70 39.55 0.85 3.77
MJDDH023 12 18 6 0.98
MJDDH023 30.70 32 1.30 34.70
MJDDH023 40 44 4 1.12
MJDDH024 30 32 2 1.07
MJDDH024 38 56 18 2.71
MJDDH025 4 18 14 2.03
MJDDH025 36 40 4 3.11
MJDDH026 58 61 3 1.55
MJDDH027 0 4 4 3.44
MJDDH027 28 38 10 7.24
inc 28 30 2 21.5
MJDDH028 0 2 2 1.37
MJDDH028 12 14 2 2.59
MJDDH028 32 34 2 46.9
MJDDH029 38.5 52 11.5 1.23
MJDDH030 19.4 24.7 5.3 5.27
MJDDH030 32 38 6 5.43
MJDDH031 14 18 4 1.23
MJDDH031 25.6 28.1 2.5 17.9
MJDDH031 34 38 4 1.41


18 Upper Brook Street. London W1K 7PU England Telephone +44 (0) 20 7318 5780
Facsimile +44 (0) 20 7318 5781



This information is provided by RNS
The company news service from the London Stock Exchange

Caledon Resources secures option to buy Australia's Minyango coal mine
AFX


LONDON (AFX) - Caledon Resources PLC said it secured the option to acquire the Minyango coal deposit in Australia.

The group signed the option agreement with Red Flint International Ltd. It will buy the asset in stages, with the final payment due late next year. The deal is estimated to cost around 42 mln aud, part of which may be paid in Caledon shares.

Minyango has an inferred coal resource of 500 mln tonnes. It is located 15 kilometres from the 126-mln tonne Cook coal mine, which Caledon bought from Xstrata PLC last month.

'Caledon has commenced the shift of focus from solely being an explorer to a producing coal mining company,' said chief executive George Salamis. It is ready to make progress on the projects once the deals have been finalised, he added.

Caledon hopes to resume trading on London's Alternative Investment Market in December, he said.

Salamis gave the comment after the group swung to a profit before tax of 1.15 mln stg in the first half to June from a loss of 1.2 mln last time following the sale of its remaining stake in the El Dorado gold project.

Net profit reached 832,000 stg as against a loss of 1.2 mln previously. Caledon has yet to generate revenues.



monicca.egoy@afxnews.com

mbe/jc

Caledon Resources secures option to buy Australia's Minyango coal mine
AFX


LONDON (AFX) - Caledon Resources PLC said it secured the option to acquire the Minyango coal deposit in Australia.

The group signed the option agreement with Red Flint International Ltd. It will buy the asset in stages, with the final payment due late next year. The deal is estimated to cost around 42 mln aud, part of which may be paid in Caledon shares.

Minyango has an inferred coal resource of 500 mln tonnes. It is located 15 kilometres from the 126-mln tonne Cook coal mine, which Caledon bought from Xstrata PLC last month.

'Caledon has commenced the shift of focus from solely being an explorer to a producing coal mining company,' said chief executive George Salamis. It is ready to make progress on the projects once the deals have been finalised, he added.

Caledon hopes to resume trading on London's Alternative Investment Market in December, he said.

Salamis gave the comment after the group swung to a profit before tax of 1.15 mln stg in the first half to June from a loss of 1.2 mln last time following the sale of its remaining stake in the El Dorado gold project.

Net profit reached 832,000 stg as against a loss of 1.2 mln previously. Caledon has yet to generate revenues.



monicca.egoy@afxnews.com

mbe/jc

CHEERS EVERYONE

CALEDON will be back onto the market in December as producer of coal. congratulations to Caledon.

things to remember:

- Minyango has an inferred coal resource of 500 mln tonnes. It is located 15 kilometres from the 126-mln tonne Cook coal mine, which Caledon bought from Xstrata PLC last month.

- Net profit reached 832,000 stg as against a loss of 1.2 mln previously

- Excellent management

I bought in about an hour before they got suspended. Hopefully it will prove a good investment as I have been hearing good things about the cook mine!! On t1ps they have a re-list price of around 10-15p and that 15p would not be over generous!!

J t Master
nice timing, hold on tight. i like CDN and above all the management. Very serious, trustworthy, good communicators. i bought it a year ago around 2p and 3p. What i understand is: the management always looking to increase shareholders value. And they've done it and they will do it again. Seriously TOP banana.

AIM
20 November 2006

NOTICE



(807)



20/11/2006 7:30am



RESTORATION OF TRADING ON AIM



CALEDON RESOURCES PLC



The trading on AIM for the under-mentioned securities was temporarily suspended.
The suspension is lifted from 20/11/2006 7:30am - a document having been
published and an announcement having been made.




Ordinary Shares of 0.1p each (0-971-333)(GB0009713339)

fully paid













If you have any queries relating to the above, please contact the company's
nominated adviser on 020 7518 2777



AIM Regulation



Ref: AIMNOT807


This information is provided by RNS
The company news service from the London Stock Exchange D

Caledon Resources PLC
24 November 2006


NOTIFICATION OF MAJOR INTERESTS IN SHARES


1) Name of company


CALEDON RESOURCES PLC


2) Name of shareholder having a major interest


UBS AG, acting through its business group and legal entities detailed below


3) Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18


As 2


4) Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them


Not disclosed


5) Number of shares/amount of stock acquired


Not disclosed


6) Percentage of issued class


N/A


7) Number of shares/amount of stock disposed


Not disclosed



8) Percentage of issued class


N/A


9) Class of security


Ordinary Shares of 0.1p each


10) Date of transaction


Not disclosed


11) Date company informed


22 November 2006


12) Total holding following this notification




16,550,000


13) Total percentage holding of issued class following this notification


4.89%


14) Any additional information


Position held by UBS AG London Branch

Interest in 16,550,000 ordinary shares is as at the close of business on 21
November 2006.


15) Name of contact and telephone number for queries


Jeremy Gorman

Company Secretary

020 7935 0027


16) Name and signature of authorised company official responsible for making
this notification



Jeremy Gorman

Company Secretary

020 7935 0027


Date of notification 24 November 2006


This information is provided by RNS
The company news service from the London Stock Exchange

Caledon Resources PLC
13 December 2006


Caledon Resources PLC
Extraordinary General Meeting
13 December 2006

Shareholders approve Australian coal acquisitions

The Board of Caledon Resources PLC ('Caledon' or the 'Company') (AIM: CDN) is
pleased to announce that all resolutions were duly passed at the Company's
extraordinary general meeting ('EGM') held today at 11 a.m.. At the EGM,
shareholders approved Ordinary and Special Resolutions as follows:


to approve the acquisition of the Cook Mine for a total consideration of
A$45.6m


to approve the Minyango Acquisition for a total maximum consideration of
A$42m


to approve the acquisition of the entire issued share capital of Mining
Technology Partnerships Pty Ltd for a total maximum consideration of A$8.5m


to authorise the Directors to allot shares up to an aggregate amount of
384,780 in connection with the acquisition of Mining Technology
Partnerships Pty Ltd, the Placing and the Broker Warrants


to authorise the Directors to allot shares generally, up to an aggregate
nominal amount of 275,000


to approve the consolidation of every five Ordinary Shares of 0.1p each
in the share capital of the Company, into one new Ordinary Share of 0.5p
each


to disapply statutory pre-emption rights in connection with, inter alia,
the Placing


to disapply statutory pre-emption rights in connection with rights issues
and issues of equity securities up to an aggregate nominal amount of
175,000


to authorise the reduction of the share capital of the Company by the
cancellation of the Deferred Shares


to amend the Articles of Association of the Company


Admission of the Ordinary Shares of the Company to AIM is expected to take place
at 8.00am on 14 December 2006, at which point the proposed Cook Acquisition,
Minyango Acquisition and MTP Acquisition will have completed subject to final
payment of funds. It is expected that CREST accounts will be credited, and the
Ordinary Shares of 0.5p each will be admitted to trading on AIM, on 14 December
2006.


As highlighted in the admission document published on 20 November 2006, the
Company has now agreed terms with Xstrata in relation to the Xstrata Loan Note.
The principal terms of the Xstrata Loan Note provide for a coupon of 9 per cent.
per annum and a right to convert the principal amount of the loan note of A$15
million into Ordinary Shares at a premium of 3 per cent. to the Placing Price.
The Xstrata Loan Note will become repayable on the first business day following
366 days from completion of the Cook Acquisition, to the extent it has not by
that time been converted by Xstrata. Each of Caledon Coal Pty Ltd and CC Pty Ltd
has provided security over its business and assets in favour of Xstrata in
respect of the Xstrata Loan Note pursuant to a second amendment deed to the Cook
Acquisition Agreement. Accordingly, the Company will pay A$25,600,000 to CRM in
cash and issue the Xstrata Loan Note in satisfaction of the consideration due
under the Cook Acquisition Agreement. In addition, Xstrata has been granted the
right to appoint a director to the board of directors of the Company until the
second anniversary of Admission. Caledon has also agreed that it will, one day
after the first anniversary of Admission, provide Xstrata with an unconditional
bank guarantee or documentary letter of credit for a maximum liability of A$10
million as security for the 'take or pay' rail and port commitments entered into
by Xstrata in connection with Cook Coal for the following year.


Terms and expressions used in this announcement shall, unless the context
otherwise requires, have the same meanings given to them in the Company's
admission document published on 20 November 2006.


Robert Alford, Caledon's Chairman, said: 'This is a milestone event for Caledon
and its shareholders, marking the passage of the Company from resource explorer
to resource producer, laying the foundation for the formation of a significant
mining company. The resoundingly positive voting turn-out, firmly in support of
the EGM resolutions, marks the culmination of 11 months of hard work conducted
on three continents. I would like to especially thank our executive management
for the long hours spent on these transactions and our shareholders for their
patience and support in this transformational event'.



For more information -


Caledon Resources plc

George Salamis


gsalamis@caledonresources.com


Investor Relations

Donal Douglas


ddouglas@caledonresources.com


+44 (0) 20 7318 5780

Facsimile +44 (0) 20 7318 5781


CanaccordAdams Limited (NOMAD & Broker)

Robin Birchall / Andrew Chubb


+44 (0) 20 7050 6500


Conduit PR


Lessa Peter/Jos Simson


leesa@conduitpr.com/

jos@conduitpr.com


+44 (0) 20 7429 6666

About Caledon: Caledon is a London AIM listed (AIM:CDN) Company. The acquisition
of the Cook Mine and the Minyango coal project, both situated in the Bowen
Basin, Queensland Australia, transforms the business of the Caledon Group from
gold exploration to a coal producer. Caledon's Cook Mine is host to a minable
reserve of 17 Mt of coking and thermal coal. A 10 year mine plan has been
established by the Company with a projected coking and thermal coal production
rate of 900,000 tonnes of coal projected for 2007, increasing to 1.5 Mt per
annum in 2008 and closer to 2 Mt per annum in 2009. The neighbouring Minyango
project is host to over 200Mt of in-situ extractable coal. Caledon is conducting
exploration at Minyango with the goal of converting resources to reserves on the
project, with a view to potentially increasing Caledon's production in the
near-term.



This information is provided by RNS
The company news service from the London Stock Exchange

Caledon Resources PLC
20 December 2006




Caledon Resources plc
20 December 2006

Caledon Resources plc

Total Voting Rights and Share Capital


In conformity with the Transparency Directive's transitional provision 6,
Caledon Resources plc is required to notify the market of the following:

Caledon Resources plc's issued share capital consists of:

i) 138,986,577 ordinary shares with a nominal value of 0.5 pence each, each
carrying voting rights of one vote for each ordinary share; and

ii) 2,466,273,843 deferred shares with a nominal value of 0.1 pence each,
each carrying no voting rights. Subject to approval of the Court, the
deferred shares will be cancelled.

Caledon Resources plc does not hold any ordinary shares in Treasury.

Therefore, the total number of voting rights in Caledon Resources plc
is 138,986,577.

The above figure of 138,986,577 shares may be used by shareholders as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in,
Caledon Resources plc under the Financial Service Authority's Disclosure
and Transparency Rules.


Name of contact and telephone number for enquiries:

Jeremy P Gorman
Caledon Resources plc
Company Secretary
020 7935 0027

Caledon Resources plc
18 Upper Brook Street
London W1K 7PU
Registered in England and Wales No. 3993115




This information is provided by RNS
The company

(CDN) Operational Update

Cook Colliery Update What Price next year??

http://

Cook Colliery Update

Good news. Caledon Resources says commercial production started at Cook coal mine
AFX


LONDON (AFX) - Caledon Resources PLC said commercial production has started at its Cook coal mine in Queensland, Australia.

Production from the mine is set to start at 50,000 tonnes of coal per month rising to 100,000 by the third quarter.

The AIM-listed company expects an annualised coal production rate of 1.5 mln tonnes being achieved in 2008.

'In less than 12 months, we have successfully negotiated the acquisition of the Cook Mine from Xstrata, completed detailed engineering studies, obtained financing, completed mine re-commissioning and commenced commercial production on budget,' said chairman Robert Alford.



newsdesk@afxnews.com

http://www.caledonresources.com/Website A picture of the first coal production.

CDN chart 50/200 ma, Looking very good for holders.

Im in - its taken some time!!!!!!!!!!! though

Up over 4% at the moment, I'll bet you have a smile on your face transco.

Well, it finished down on the day but Caledon Resources have a bright future, I'm looking forward to next few months. Regards goal.

Me too I had writen them off - the smile is wide goali!!!
You have some?

LONDON (Thomson Financial) - Caledon Resources PLC said production at Cook coal mine in Queensland, Australia, is ramping up and it plans to increase coking and thermal coal production to 100,000 tonnes per month from 10,000 tonnes over the year.

The mining company expects an annual coal production rate of 1.5 million tonnes in 2008 at Cook Mine.

Caledon also said the coking coal market has tightened due to rail and port constraints in Australia, combined with increasing demand from India and China, and this is putting upward pressure on prices.

TFN.newsdesk@thomson.com

faj/lam



COPYRIGHT

Gone back into these today as a play on the World Coking Coal market which is forecast to rise and rise with the likes of China, India, Brazil and others eating up any excess supply.

One should note that CDN is now a pure coal play.

Heres a recent article on the company, well worth a read..

http://www.proactiveinvestors.co.uk/articles/article.php?CDN3

Good to see from last results aswell that it is now a producer and not just an explorer...

25 June 2007


Caledon Resources plc
('Caledon' or the 'Company')

Preliminary results for the year ended 31 December 2006

Caledon Resources plc (AIM: CDN), today announces its preliminary results for
the year ended 31 December 2006.

2006 OPERATIONAL HIGHLIGHTS

Transition from explorer to producer, supported by a robust operating
asset base and strong management team with experienced coal executives and
operators.

On 14 December 2006 the Company acquired the Cook Coal Mine and adjacent
Minyango deposit located in Queensland, Australia. At the Cook mine, SRK
Engineering has estimated that there is at least 40 million tonnes ('mt') of
recoverable coking and thermal coal representing 17mt of reserve and 23mt of
resource. Production commenced in March 2007 and is anticipated to grow over
a period of three years to 1.8mt per annum.

An independent competent person's report on Cook Coal Mine indicates strong
expected life of mine economics: pre-tax Net Present Value of US$256 million
using a 10% discount rate; cash flows of US$30 to US$67 million; 10 year
coking/thermal coal reserve and 20 years of coal resource.

Exploration is well advanced at the Minyango coal project situated
immediately north of the Cook lease. The Company has completed 15 drill
holes, in addition to the 65 previously completed on the project, in a
programme designed to further define coal quality, coal seam continuity and
seam thickness of the deposit. On 14 March 2007 the Company announced the
completion of a resource estimate by SRK Engineering increasing the size of
the Minyango resource by 17% to 240mt (JORC) coking and thermal coal of
which 75mt is indicated and 165mt is inferred.

Eldorado warrants exercised and resulting shares sold generating proceeds
of 2.5 million before tax.

Caledon places 12.5 million unsecured convertible loan notes subject to
approval at an EGM to be held on 5 July 2007.

AND

If we look at the World Coking coal market we find this...

Coking coal market

Global Basic Oxygen Furnace steel production is reliant on coking coal. Coking
coal is used to produce coke, which is a key feedstock in the blast furnace
process required to smelt iron in the process of making steel products.
Approximately 0.6 tonnes of coke is required to make 1 tonne of steel.

According to the World Coal Institute, almost 66% of total global steel
production depends on inputs of coal. 592mt of coking coal and PCI coals are
used annually in global steel production. China accounted for most of the recent
increase in world steel production, with 2005 production increasing by 25%. The
USA, India and the rest of the world rank behind China in terms of world steel
production. Due to the current constraints in coking coal supply, steel
producers are seeking long term coking coal supply, with many choosing to
participate in financing actual coking coal production.

The continued growth of steel production in Asia has seen an increasing number
of Indian and Chinese investments in the Australian resource sector.
Additionally, CVRD of Brazil (the world's largest iron ore exporter) has
acquired coking coal interests in Australia. A comparative table of the major
coking coal exporters below demonstrates the strength of the Australian based
producers.

Leading coking coal exporters

Year Australia Canada USA China
2003 103.1 22.0 20.0 11.5
2004 111.4 21.5 24.5 5.7
2005 119.8 25.1 26.0 5.6

Japan is the largest and Korea the second largest importer of coking coal. Rapid
industrial growth in China has resulted in China actively decreasing coal
exports to feed internal consumption. As a result China is anticipated to become
a net importer of coking coal in 2007. India is also seeking to secure future
supplies of coking coal and Indian companies are actively seeking coking coal
assets in Australia to supply rapid steel production growth.

Approximately 50% of the world's sea-borne coking coal comes from the Bowen
Basin, where the Company's coal assets are situated. Over 30 major mining
operations, owned primarily by major multi-national resource producers such as
BHP-Billiton, Rio Tinto, Xstrata and Anglo, are currently active within the
basins. Over 100mt of coking coal was exported from the Bowen Basin in 2005-06.

AND

Market Price looks stable or even better....

Coking coal price

Contract prices for coking coal are generally negotiated in the first quarter of
each year and are fixed for the April to March 12 month period. Japan is the
largest importing country and the contract duration coincides with their
financial year. Settlements in Japan are also the reference point for
negotiations between coal producers and customers in other countries.

Current outlook

For the contract year beginning in April 2007, coking coal prices fell by
approximately US$20/t (to the mid US$90's) for the premium brands and often more
than that for the lower quality coals. However, as 2007 has progressed, the
market has tightened due to rail and port constraints in Australia (and to a
lesser extent in Canada), combined with increasing demand from India and China.
This is putting upward pressure on prices as customers compete for the limited
volume of coal that is not already committed to customers under annual
contracts. While it is more than six months away from the annual negotiating
season, many analysts are now forecasting a significant recovery in 2008
contract prices.ENDS

I reckon theres plenty of upside in this one (and other coal producers)and as production ramps up I expect to see a re rating of the stock.

- Market Cap 57.5m

- Shares In Issue 154.36m

- Beta 0.94

- Price To Book 1.7

- SP 37.25p

- Covering Analyst Canaccord Adams

- Web Site http://www.caledonresources.com/WebForms/Home.aspx

DYOR.

Joined you guys in this one. Looks like it as a bright future and plenty of interest at the moment.

Trades today are all positive.

This is a development being carefully watched by the rest of the industry in Australia. Although the individual components of the system have been well proven over the last 10-15 years, Cook is the first coal mine to use this new combination of continuous mining and continuous haulage devised by Magatar Mining. The mine will thus be a true test case for the technology, and if it does what it says on the tin, and other miners make the decision to invest in the kit, Caledon stand to benefit in more ways than one. Not only will they reap the benefit of their own improved coal production, but as the holders of a royalty arrangement on the Magatar licence for Australia, New Zealand and Indonesia, they will accrue income on any sales of the Magatar linear mining technology made in those areas

Pretty heavy volume but only a small spike up today.

sorry wrong thread.

Positivley out of the blocks this morning.

Gets a good write up in this Broker note. Check the last few pages.

http://www.minesite.com/fileadmin/content/pdfs/Brokers_Reports_5/juniorminingpaydirt290607.pdf

Thanks gf.

Good write up across the road on the AGM.

Lifted from the TMF board...





EGM 5 July 2007

Location Lacon House, central London (head office of CDN's lawyers Nabarros)
Logistics no problems gaining entry
Attendees 3 private investors, several advisers, the CDN Board minus Mark Trevan and Paul Ingram, both executive directors
Food & drink wonderful petit biscuits & water
Odds on getting a chance to speak to someone of the opposite sex fair, the three smiling receptionists, who were more than happy to discuss Nabarro's new logo, plus a female lawyer was present.

Background

Domiciled in the UK since 2003, the company [CDN] was formed for the purposes of exploring precious metals in China.

However 2006 marked an exciting year when the company transformed from gold explorer to coal producer following the acquisition of the Cook Colliery and related mining operations in Australia, from Xstrata Coal Pty Ltd.

Since then the Company has acquired the adjacent Minyango project, an area situated in a region of strategic importance within the Bowen Basin, surrounded by some of Queensland's premier coking and thermal coal mining operations.

The Company is now primarily focused on mining coking coal in Queensland.

http://www.caledonresources.com/WebForms/Home.aspx

The C-word

I have only been a shareholder in CDN for three months, I have little interest, correction no interest, in the fun and games experienced by CDN in China. It is fair to say that China remains at the forefront of several private investors, as evidenced by the Caledon thread on ADVFN, and as evidenced by comments after the meeting see below.

A few facts

The Cook Coal Mine:

- Is estimated to contain 40mt of recoverable coking and thermal coal representing 17mt of reserve and 23mt of resource.
- Is expected to produce 1.8Mt of coking and thermal coal by 2009.

The Minjango exploration project is estimated to contain at least 240mt of coal (JORC) of which 75mt is indicated and 165mt is inferred.

Cook Mine was acquired from Xstrata in June 2006.

Question - so why did Xstrata sell Cook Mine to CDN?

Answer Xstrata is mining 30mt per annum of coal in Queensland, Cook Mine, producing less than 500k of coal per annum fell off the 'radar screen'. Plus it is a 'tired old lady' that suffers from gas.

Peter the extroverted engineer

One never knows what to expect at AGMs, the same sentiment applies with regard to EGMs. EGMs can last less than five minutes. Yesterday's CDN EGM lasted less than five minutes, but afterwards Peter Seear gave a very upbeat and impressive presentation.

Peter's CV:

- 54 years old.
- Actively engaged in the coal mining industry since 1977.
- Qualified as a chartered engineer in 1983.
- PMD degree from Harvard School of Mining.
- COO at CDN, appointed in 2006.

Bottom line - Peter is extremely enthusiastic about the Cook Mine project.

Further good news he is giving the same presentation to institutions in the City over the next couple of days.

Key points from the presentation

Cook Mine is in the 15th week of production.

Coal is currently being produced by the use of continuous bolter/miners (two modern hired ABM20's from the Austrian-manufacturer Voest-Alpine) with shuttle car transportation of coal to a conveyor belt and from there to the surface.

Delays in equipment arriving and reliability has meant a longer and more costly build up to production than originally envisaged. CDN (PS) estimates that these problems have set production back by approximately six to eight weeks.

CDN is now hitting targets, in the 15th week of production.

CDN's USP/bid for glory: After the initial phase, the Cook Mine will have the benefit of a continuous bolter/miner and a continuous haulage conveyor system. As demonstrated in South Africa, USA and Canada continuous bolter/miner paired with continuous haulage conveyor systems working as one operational unit can achieve impressive production rates in excess of 1mtpa. Note 'one operational unit', when in full operation, CDN expects more than one operational unit working at Cook.

Add to the equation a new 'state of the art Voest-Alpine ABM25 Bolter/Miner shipped in early July and which is expected to be in service in mid-September. Please believe me, Peter can get very excited about the ABM25 (it takes the ABM20 40 minutes to advance 2 metres, it takes the ABM25 only 12 minutes).

The first shipment of the Flexiveyor continuous haulage components has arrived on site (circa 90% of the components), assembly is planned for completion through August 2007. Engineers from Canada and South Africa will be on site in this period to assemble and surface test the unit prior to operator training.

An eight-car Flexiveyor continuous haulage system is working quite happily at a Potash plant. From listening to the Minesite presentation, I think CDN will be operating a 16-car continuous haulage system.

What CDN has to do is demonstrate that technology currently used in a non-combustible environment (potash does not combust) can be used in a combustible environment (coal can combust). Peter is confident that CDN can demonstrate that this is the case.

A brief interlude

On 20 November 2006 CDN announced a third acquisition [the other two being Cook and Minyango]. This acquisition concerns the purchase by Caledon Coal Pty Ltd ('Caledon Coal') of the entire issued share capital of Mining Technology Partnerships Pty Ltd ('MTP'), for a total maximum consideration of A$8.5 million. MTP is expected to become the exclusive representative in Australia, New Zealand and Indonesia of Magatar, the licensee of certain intellectual property rights for a coal mining technology which is the mining method to be utilised in the Cook Mine and potentially the Minyango Deposit.

http://www.investegate.co.uk/Article.aspx?id=200611200730043245M

Peter Seear had an interest in the business conducted by MTP.

Magatar?

The second phase of production at Cook will use a patented system called Magatar, this involves a partial-extraction mining method, utilising a custom-built continuous-mining unit coupled with a Flexiveyor/Prairie continuous conveyor system. This set-up is expected to provide the necessary flexibility required to exploit the resource effectively.

Magatar is a patented system, the agency rights to which are held by MTP in Australia. Caledon believes the system can achieve significantly higher productivity rates than the conventional continuous miner-shuttle car system employed at Cook to date.

It is interesting when looking at the Magatar website, the Cook Mine project is specifically mentioned:

http://www.magatar.com/projects.htm

Magatar is currently busy introducing it's LCM [Linear Continuous Mining] methodology at Cook Colliery in Queensland Australia. Cook Colliery has recently been purchased by Caledon from Xstrata Coal and will be the first mine in Australia to employ Magatar's LCM methodology. Full production mining will commence in September 2007 after delivery and commissioning of the major mining machinery from Austria and Canada.

Clearly Magatar has a lot riding on the success of its patented system at Cook.

Talking of motivation.

Carrot

On 23 April 2007, CDN announced: that it has settled an amount of A$1.5 million, being part of the aggregate consideration due to the vendors of MTP, by the issue to MTP of 1,763,046 new ordinary shares of 0.5p each in the Company ('Ordinary Shares'), at a price of 35.45 pence per share.

1,763,046 new Ordinary Shares were allotted on 18 April 2007 equally to the vendors of MTP, Peter Seear (a director of the Company) and Suzanne Seear (as Trustee of the Seear Family Trust).

As a result, Peter Seear has acquired 881,523 Ordinary Shares (representing 0.57% of the enlarged issued share capital, and is now interested in a total of 4,243,189 Ordinary Shares (representing 2.75% of the enlarged issued share capital).

http://www.investegate.co.uk/Article.aspx?id=200704231133583299V

Back to the presentation

Personnel: A full operations crew of 90 people have now been employed, inducted and trained on site. This is a major milestone and verifies the management's confidence in being able to attract a skilled and competitive workforce in the face of stiff competition from a booming mining industry.

http://www.investegate.co.uk/Article.aspx?id=200706130700502549Y

At the presentation Peter said that recruitment had not been an issue, miners had come to Peter and the rest of management wanting to know more about the proposed production plans at Cook. As a result of what Peter and the rest of management are able to say that there is a waiting list of operators who want to join CDN.

Water: conservation program has resulted in a number of water saving measures being implemented. Such measures include working with the surface land owners to install water saving troughs and capturing water run off from the wash plant. Additional water saving measures will be introduced in July with the implementation of water re-circulation equipment to the bolter miners.

Port & rail: new twin track section to the Blackwater corridor. Cook coal is exported via the port of Gladstone which is the least affected of the major coal terminals with regard to capacity constraints. Following implementation of the current planned expansions, Queensland Rail estimates that rail capacity to the Gladstone Port will increase to 73mtpa by August 2008 at which time it will match the port. The port exported 45mt in the year ended 30 June 2006.

Gas: a further drilling programme of 14 holes has been undertaken on the Cook leases to facilitate detailed mine planning and upgrading of reserve calculations. Early results from this work confirmed that there are no major gas issues. Peter emphasised this point during the presentation.

Size: the drilling programme at Cook is likely to result in an upgrade of the resource estimate.

Conclusion: the 'tired old lady' does not suffer from gas, and should be more than willing to produce 1.8mt per annum of coking and thermal coal by 2009, next landmark will be 100k tonnes per month, hopefully by the end of 2007.

Prices: As 2007 has progressed, the coking coal market has tightened due to rail and port constraints in Australia, combined with increasing demand from India and China; this demand is putting upward pressure on prices as customers compete for the limited volume of coal that is not already committed to customers under annual contracts. Whilst it is more than six months away from the annual industry negotiating season, a number of analysts are now forecasting a significant recovery in 2008 contract prices.

http://www.investegate.co.uk/Article.aspx?id=200706130700502549Y

Per the 2006 annual accounts: Japan is the largest and Korea the second largest importer of coking coal. Rapid industrial growth in China has resulted in China actively decreasing coal exports to feed internal consumption. As a result China is anticipated to become a net importer of coking coal in 2007 (China exported 5.6mt in 2005 CDN estimates). India is also seeking to secure future supplies of coking coal and Indian companies are actively seeking coking coal assets in Australia to supply rapid steel production growth.

For the contract year beginning in April 2007, coking coal prices fell by approximately US$20/t (to the mid US$90's) for the premium brands and often more than that for the lower quality coals. While it is more than six months away from the annual negotiating season, many analysts are now forecasting a significant recovery in 2008 contract prices.

Costs: CDN have quoted US$57/t as the total mine operating costs (SRK report in the re-listing document). Per the Minesite presentation in February 2007, mining costs expected to fall from circa US$25/t to circa US$20/t, in other words total mine operating costs should be US$52/t, in fact possibly lower if the placing see below allow CDN to make further efficiencies to operations.

Based on the recent drilling results undertaken by Caledon, the total Indicated and Inferred Coal Resource in the Aries and Pollux seams are estimated at 240mt with less than 350 metres of overburden cover to the basal seam (Pollux).

Minyango

Minyango was not mentioned at Yesterday's presentation. Suffice to say:

JORC compliant resources:

Indicated 75Mt
Inferred 165Mt

SRK further reports, on a preliminary basis, that the coal quality analyses indicate the potential for three types of coal products to be produced in Minyango:

- A good coking coal and an export thermal coal
- An export thermal coal for a 100% raw product yield
- A semi-soft coking coal for an 85% to 90% yield

http://www.investegate.co.uk/Article.aspx?id=200703140700589029S

The total staged purchase price of Minyango is $US31.5m, staggered over 12 to 15 months, of which at least $US7.2m may be paid in Caledon stock, at Caledon's election.

From the Minesite February 2007 presentation.

In accordance with the Minyango acquisition agreement, the Company settled the second instalment of A$9.6M by the issue of 12,546,175 new ordinary shares of 0.5p each in the Company to Watami Trading Ltd based on the average closing price during the 30 days preceding the election, and amounting to 31.31p.

http://www.investegate.co.uk/Article.aspx?id=200703301505401218U

As a result, Watami Trading is the largest shareholder.

Cook and Minyango synergies

- Established production: Cook Mine 1.8Mtpa planned production (SRK CPR), 20 year mine life
- Upside and growth: Minyango Project management believes that the project is potentially capable of production within a relatively short period, up to 2Mtpa, 20 year mine life
- Synergies: Cook and Minyango are separated by 30 kilometres (15 km to the wash plant) and might share processing and transportation infrastructure

From the Minesite February 2007 presentation.

The X-Factor

Re-call that Xstrata sold the Cook Mine to CDN. Salient details:

- Asset purchase from Xstrata: $US 34.2m
- Fully operational mine and access to a coal washplant, fully permitted tailings site, haulage road and rail access, water allocation

As part of the agreement the following was agreed:

- Xstrata to market 100% of CDN's coal off-take for a minimum of two years
- Xstrata to provide rail/port access for a minimum of two years, on a take or pay basis
- Xstrata to guarantee water allocation: 1000 ML

Value Added Benefit: Deal provides benefits of Xstrata marketing expertise due to their market share of coking coal sales, access to market during a time of coal transport constraint

From the Minesite February 2007 presentation.

Some figures

Shares in issue: 154m
Share price: 38.25p
Market cap: 59m

In December 2006 CDN placed 66.2m shares at 40p, net proceeds 24.6m.

Convertible loan notes 2007 issued in December 2006 - 6.04m, conversion price 41.2p or redemption on 14 December 2007.

Convertible loan notes 2010 issued in June 2007 (hence the EGM) - 12.5m, conversion price 50p.

Reason for the June 2007 convertible loan note issue: Since the successful fund raising and re-admission of the Company's shares to trading on AIM in December 2006, the Company has, as part of its ongoing internal review processes, undertaken a review of its budget and operational plan. As a result of a detailed cost benefit analysis the proposed arrangements with the Company's mining contractor were revised, with the aim of bringing the operational mining activities relating to the Cook Mine in-house and providing the Company with a significant reduction in its overall mining costs when in full production. However in order to obtain the cost benefits associated with doing this, the capital expenditure for the mining machinery has become Caledon's responsibility.

Additional reasons for the proposed fund raising relate to working capital. Since the beginning of 2007, the Company has faced production delays, related to incidents that were beyond management's control.

http://www.investegate.co.uk/Article.aspx?id=200706130700502549Y

Payments to make in 2007:

- Repayment of the convertible loan notes 2007: 6.04m (could be settled in shares)
- Final payments for Minyango: 13.5m

Management

Robert Alford executive Chairman: joined in 2000, a member of Lloyds, registered as a Non-Executive Director with the FSA

George Salamis CEO: one of the founding shareholders of Caledon

Mark Trevan MD: 25 years with Rio Tinto as senior executive, joined in 2006

Peter Seear Chief Operating Officer, joined in 2006

Paul Ingram Executive Director, based in Asia for the last 15 years

Graham Mascall non-exec, ex-Billiton

Nick Clarke non-exec, MD of Oriel Resources

Shareholders

Watami Trading 8.1%
Gartmore Investment Management 6.1%
UBS Global Asset Management 6.1%
JP Morgan Fleming Asset Management 5.7%
US Global Investors 4.6%
AXA Framlington 4.4%
Hermes Pension Management 4.1%
Capital Research & Management Co 3.4%

Valuation

SRK valued Cook Mine on a project stand-alone basis, not including acquisition costs): NPV of $US256m @ 10%, IRR 583%,

- Cash flows of $US30m US$67m
- 20 years of resource, per tonne
- Coal prices used: 2007-09: $US100, 2010: $US90, 2012: $US75, 2014: $US80, 2016: $US84

Costs acquisition cost: US$34m, additional funding required for capex and working capital (June 2007 placing): US$25m, say US$56m (because it makes the sums easier).

So net value US$200m, equates to 100m.

This ignores the value of Minjango.

Current market cap is 59m.

The USP

Before getting carried away with excitement, one needs to revisit CDN's USP, which is critical to whether CDN justifies a substantial mark-up in share price.

Success or failure depends on two systems:

- Magatar from South Africa
- Flexiveyor/Prairie continuous conveyor from Canada

If both systems work in harmony in Australia, the 'tired old lady' begins to sing a wonderful song for shareholders called '1.8mt of coking and thermal coal per year'.

At a margin of, say, US$35 per tonne, 1.8mt produces an operating cash flow of $63m (31.5m) per year.

And in the audience is Xstrata watching and admiring the 'tired old lady' called Cook, with an existing deep and meaningful relationship with Cook, it is entirely possible that Xstrata will make CDN an offer to take both Cook and the technology off the company's hands at some stage in the future.

I therefore suggest that Fools watch out for announcements in the 3rd and 4th quarter of 2007 on whether the Magatar and Flexiveyor/Prairie continuous conveyor work in harmony, the 'tired old lady' could suddenly become very attractive.

One other reason for considering CDN terrific logo.

Finishing on a down note

Given I have a reputation to uphold as being a 'bottle half-empty' kind of guy, Fools should note the following:

- The CDN website needs to be improved (as at 5 July, the 2006 annual report was still not available).
- More important, the board of directors will be 'top heavy' once Australia is bedded down and the Chinese assets have been disposed of or written off. It would not be surprising to see a slimmed down executive team in the next 12 months, which will be good news with regard to overheads.
- Tremendous angst is expressed on the ADVFN CDN thread from time to time (okay, daily). Clearly several shareholders, not least one of the private investors who attended yesterday's EGM, are still suffering Chinese-induced nightmares. Given trading volumes are not high, it does not take too much selling to push the share price down. As a consequence, any tick up in the CDN SP is likely to be slow rather than rapid as the disgruntled bale out as the SP reaches (touch wood) higher levels.

For me personally, I am comfortable to hold as I have met several members of the board, in particular, Peter Seear. For a mining engineer, it must be a wonderful opportunity to introduce into a new country technology that has been tried and tested elsewhere in the world. Peter certainly has the enthusiasm and the experience to make a 'tired old lady' sing.

And there is more

For those who want to learn more about CDN, I suggest that you watch Robert Alford's presentation at February 2007 forum:

http://www.minesite.com/webcasts.html

There is a brief mention of CDN in what is becoming a legendary research article on mining companies close to production.

http://www.minesite.com/fileadmin/content/pdfs/Brokers_Reports_5/juniorminingpaydirt290607.pdf

Enjoy.

Regards.

Colin

Posted: Sun, Jul 8 2007. 11:58 PM IST Delhi
Corporate News

During a recent coal sale, Bhushan Steel Ltd applied for 160,000 tonnes of coal through an intermediary. It ended up with just 7,000 tonnes, enough to last it for three days at the most.
Surging demand for coal is creating a scramble among steel producers, but proving lucrative for those in the business of coal trading.
In last months online sale of the commodity, the Rs4,200 crore Bhushan tried to book coal through two traders, Metal Scrap Trading Corp. Ltd and Coaljunction.com.
Nearly half a million tonnes (mt) were up for sale, but demand for domestic coal was nearly 20 times at 9,209,070 tonnes. Hundreds of bidders paid an average Rs7 lakhper rake (3,500 tonnes)or Rs200 per tonneas theirearnest money deposit to secure supply.
Depending on the grade, Indian coal costs Rs675-2,300 per tonne, cheaper than coal imported from Indonesia and Australia, priced an average Rs2,100 and Rs3,600 a tonne, respectively.
But in the end, steel manufacturers such as Bhushan were left with no choice but to pay a 22-33% markup to coal traders who bid for the commodity along with steel makers and acquire it the same waythrough e-trading agencies authorized by coal producer Coal India Ltd.

On the rise yet again.

Any one object to a new header been given and new thread started with a link to the old one as the header doesnt stand out on the thread list?.

Fine by me.

Cheers goal, Ill give it another 24 hours just in case we have someone who doesnt like the idea.

The header at present is easily missed on the thread list.

Ill do the change over tomorrow.

Moving up slowly but surely.

latest note from Growth Equities & Research on CDN..........

"On 13th June, Caledon requested an EGM to approve the placing of 12.5 million unsecured convertible loan notes at 8.5%. The notes have an initial conversion price of 50p, representing a 20% premium to the share price and the company has the right to force conversion if the average share price exceeds 80p over a 20 day period (following the initial 18 months after the date of issue).

Caledon is raising the money to fund its working capital requirements. The company has, since its return to AIM, carried out a number of review processes. The mining arrangements have changed as the company intends to bring its operational mining activities inhouse which should provide Caledon with significant cost savings. However, in order to obtain the cost benefits, the company requires to invest in new machinery. Caledon has faced production delays as a result of a spontaneous combustion incident at the Cook mine. The effect was a longer and more costly build up to production than had been expected, setting time schedules back by 6 - 8 weeks.

The group's working capital position has also been eroded as a result of delays in delivery of and breakdown in essential equipment.

On 25th June, the company published its final results for the year to 31st December 2006. Losses for the year totaled 2 million while the company had cash of just over 11 million at the period end. At the Cook Mine, the overall strategy for the current year remains broadly intact. The company is confident that the proposed new mining methodology will deliver the productivity improvements originally projected. At Minyango, an upgrade in resource estimate from 205 million tonnes to a JORC compliant 240 million tonnes has given the board confidence to settle the second tranche of payment - A$9.6 million in shares. Infill drilling targetted at improving the JORC estimate is scheduled for the second half of 2007. A number of holes are also scheduled for the southern section of the main tenement, which to date has not been included in the resource calculations.

The shares so far, have not reflected the positive news from both projects in Australia. However, our valuation suggests that Cook alone is worth 71p, Minyango around 3.6p (though given the SRK upgrade, this figure is likely to be increased) and the group's Chinese assets another 3.4p. On that basis, at 40.5p, the shares are undervalued and ahead of a significant ramp up in production our stance remains buy"

It's only a matter of time before CDN reaches it's true value imo.

Cant be far off Goal.

Nice tick up this afternoon.

Yes, we like that.

Caledon CEO Salamis to leave; Cook mine production 9,000 tonnes/wk by end-July
AFX


LONDON (Thomson Financial) - Caledon Resources PLC said chief executive George Salamis has decided to leave the company, adding that there is no immediate plan to replace him.

It also said production at the Cook Mine has increased to about 9,000 tonnes per week by end-July, and that the first coking coal shipment of 45,000 tonnes is scheduled to sail mid-August with the proceeds expected in the first half of September.

The company said it has signed a letter of to sell Blackwatch Resources BVI Ltd and Blackwatch Mining BVI Ltd to Indochina Minerals Limited for 250,000 aud.

Caledon added that it is working towards finding a suitable acquirer for the Mojiang project.

'A total exit from China will permit management to focus all of their attention on the production of coal in Queensland,' vice president-exploration, Paul Ingram said.



tf.TFN-Europe_newsdesk@thomson.com

jr/pmi/ajb

Media comment, click HERE

Outstanding RNS today, GET IN WHILE THEIRS TIME.
cyril

Nice new thread at the link below :

http://www.moneyam.com/InvestorsRoom/posts.php?tid=12047#lastread