SACMH - No earnings report, no listing, says JSE

South African Coal Mining Holdings (SACMH), controlled by black investor group Royal Bafokeng Capital, had its JSE listing suspended after failing to submit a provisional earnings report. "The listing of its securities has been suspended with immediate effect," the JSE said yesterday. SACMH said in March that it had suspended operations for three months because of lower coal prices and "difficult operational conditions". Coal mining houses including Cambrian Mining and Anglo American's coking coal unit have cut production as the deepening global recession curbs demand for the fuel. SACMH posted a loss of R94.2 million for the year to December, compared with net income of R111.9m a year earlier. The stock closed unchanged at 41c last Thursday

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