Proactive investors

Investors in Amphion should should keep an eye on further developments at Kromek. The business could be floated during Q1 2011, at which point Amphion’s 16% stake should be worth far more than the last valuation of £9m.

With the coal quality, thickness and shallow depth, it augurs well for potential commercial coal production for African Energy at Sese in Botswana.

Emerging coal-focused energy company MetroCoal (ASX: MTE) has clarified that it has not completed any resource estimate or report on its Columboola Project area in Queensland's Surat Basin.