* Pan african resources says jse approved its listing from the altx to
the gold mining sector of the main board
* Says listing to be effective from the commencement of business on Tuesday, 1
December 2009
* Says in talks in respect of a possible transaction; s'holders to exercise
caution in dealing with shares
((Johannesburg newsroom, +27 11 775 3155))
((For more information, click on))
JOHANNESBURG, Nov 26 (Reuters) - South African diversified miner Exxaro Resources said on Thursday that coal prices were likely to rise to between $70 and $75 per tonne in 2010 from around $65 per tonne this year on the back of rising global demand.
Exxaro's executive general manager for business growth Ernst Venter said demand of coal had started to rise on the world market with India becoming a major market for particularly steam coal.
'The recession is over and demand is now rising and as a result prices will also rise,' Venter told Reuters.
(Reporting by Shapi Shacinda) Keywords: EXXARO COAL/ (shapi.shacinda@thomsonreuters.com; +27 11 775 3158) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
© 2009 AFX News
