South African thermal coal company Continental Coal has plans to list on the main board of the Johannesburg Stock Exchange (JSE), a move which is expected to be completed by Q4 2013.

According to the company, the proposed listing on JSE will serve as a strategic move to optimize its growth prospects, facilitate investment by Africa- domiciled investors and to boost shareholder relations in South Africa in order to accelerates its growth profile.

The planned move is expected to facilitate the proposed development of the De Wittekrans Mine, the company’s planned fourth thermal mine coal mine.

Continental Coal chief executive officer Don Turvey said, "Being listed in the JSE is an important milestone for Continental, not only because it links us directly to the financial markets in South Africa, but also allows stakeholders in our business to participate in the growth of the Company."

The company has appointed Investec Bank as sponsor and financial advisor for the proposed listing.