Ichor Coal

IchorCoal is an international mining company incorporated in the Netherlands with a focus on thermal coal production exclusively in South Africa.

IchorCoal shares are traded on the German stock exchanges in Frankfurt, Berlin and Hamburg and the market capitalisation as at 30th December 2014 amounts to around €310 million.

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With attributable mineable resources of approximately 400 million metric tonnes of coal on 16 properties, IchorCoal has a stated long-term ambition to increase its attributable output of around 2.1m tonnes per annum to 15m tonnes per annum by 2017 through both organic and acquisitive growth.

Corporate Timeline

YearIchor Coal History
October 2014

IchorCoal successfully completes the purchase of 29.99 percent stake in Universal Coal plc

March 2014

EGM appoints Edwin Eichler, and Remi Grosjean as new members of the Supervisory Board. Nonkululeko Nyembezi and Andries Engelbrecht are appointed as CEO and COO of IchorCoal

December 2013

The Supervisory Board nominates Nonkululeko Nyembezi as CEO and Andries Engelbrecht as COO of IchorCoal

December 2013

IchorCoal realigns its strategy and sells its participation in HMS Bergbau AG and its two Polish entities

September 2013

Increase of stake in Mbyuelo Coal to 45%

August 2013

Increase of stake in Mbyuelo Coal to 40%

June 2013

Increase of stake in Mbyuelo Coal to 38%

November 2012

Acquisition of 30% stake in Mbyuelo Coal

August 2012

Inclusion of shares in the Entry Standard segment on the Open Market of the Frankfurt Stock Exchange

July 2012

Acquisition of 74% stake in Vunene Mining

December 2011

Acquisition of coal trading company HMS Bergbau AG Group

December 2011

Inclusion of shares in the open market of the Berlin and Hamburg stock exchanges

October 2011

Founding of Ichor Coal N.V.