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

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.



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jr/pmi/ajb

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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