(IPSA.L) IPSA Group PLC Buy/Sell

LONDON, Oct 20 (Reuters) - Strategic Natural Resources Plc:

RNS Number : 0665B Strategic Natural Resources PLC 20 October 2009

20 October 2009

Strategic Natural Resources plc

("SNR" or the "Company")

End of talks and termination of Offer Period

The Board of SNR announces that it has been unable to agree terms for Atlantic Coal plc ("Atlantic") to proceed with a recommended offer for SNR and accordingly talks between the two companies in relation to an offer have now ended. Therefore, SNR is no longer in an Offer Period, as defined under the City Code on Takeovers and Mergers.

On 28 October 2008, SNR announced that its 74% owned subsidiary, Elitheni Coal (Pty) Ltd had agreed a 25 year coal supply agreement with IPSA Group plc ("IPSA") for the supply of 1 Million tonnes of Elitheni coal per annum for a proposed 250 MW power plant to be established and operated by IPSA at Elitheni. On 9 October 2009, IPSA announced that it is proceeding with the environmental impact assessment for the mine mouth power plant and has taken an option on a site for the power plant located adjacent to SNR's Elitheni Mine. IPSA intends to develop the plant based on a perceived shortage of electricity generation capacity in the South African market.

In the light of this development and its own initiatives in the steam boiler and coal export markets, the Board of SNR feels it cannot recommend any offer which does not recognise the strategic nature of Elitheni's 97 million tonnes of in situ coal.

For further information contact:

The Company: Jeremy P. Metcalfe, Chief Executive Strategic Natural Resources plc Tel: +44 (0) 1303 874 798

Nominated Adviser: Rod Venables/James Reeve Allenby Capital Limited Tel: +44 (0) 203 328 5656

This information is provided by RNS The company news service from the London Stock Exchange

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RNS Number : 6171A IPSA Group PLC 12 October 2009

IPSA Group PLC

("IPSA" or "the Company")

Director's Shareholding

Independent Power Corporation PLC ("IPC"), a company controlled by Peter Earl, Chief Executive Officer of IPSA, has today acquired 5,000,000 ordinary shares of 2 pence each in the Company from Mr Earl at a price of 25 pence per share. Following the purchase Mr. Earl's interest in IPSA remains 13,135,000 (13.83 per cent. of the issued share capital) in aggregate and is now held as follows: 8,125,000 by IPC and 5,010,000 by his wife, Mrs Emma Earl.

For further information contact:

Peter Earl, CEO, IPSA Group PLC: +44 (0)20 7793 5615
Elizabeth Shaw, COO, IPSA Group PLC: +44 (0)20 7793 5615
John Llewellyn-Lloyd / Sunil Sanikop, Noble & Company +44 (0)20 7763 2200

Ltd:
Dino Theodorou, PSG Capital (Pty.) Limited: +27 11 797 8400

or visit IPSA's website:

www.ipsagroup.co.uk

This information is provided by RNS The company news service from the London Stock Exchange

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LONDON, Oct 9 (Reuters) - IPSA Group PLC:

RNS Number : 5222A IPSA Group PLC 09 October 2009

IPSA Group PLC

("IPSA" or "the Company")

IPSA CLEAN COAL PROJECT LAUNCH WITH POWER PLANT SITE AGREEMENT AND START OF ENVIRONMENTAL APPROVAL PROCESS

IPSA Group PLC today announces that it has taken back ownership of 100 per cent. of Elitheni Clean Coal Holdings Limited ("ECCH") and has entered into an option agreement for the purchase of a site on which it intends to construct the first phase of its mine mouth power project in South Africa's Eastern Cape province.

On 28th November 2007 IPSA announced the sale of a 50 per cent. interest in ECCH (the "Sale Shares") to Exodus Africa LLC, for a premium of US$5 million. Receipt of the sale proceeds was secured by way of a first charge over the interest in ECCH. Following expiry of the agreed term and payment not being received, IPSA has exercised its rights and taken back ownership of the sale shares and ECCH is once again a wholly-owned subsidiary of IPSA.

ECCH has entered into the option agreement to purchase the land, which is adjacent to the Elitheni mine as well as abutting the railway line which runs from Indwe to East London. ECCH has appointed Savannah Environmental (Pty) Ltd to perform the initial phases of the environmental impact assessment work (the "EIA") Savannah Environmental (Pty) Ltd will commence the EIA in November. IPSA has identified potential suppliers of circulating fluidised bed boilers and turbines for the project. Funding for the equipment is expected to be provided under an export guarantee financing package.

IPSA intends to pursue the clean coal expansion at Indwe based on private power purchase agreements following the announcement by Eskom that it has put on hold its process for tendering Power Purchasing Agreements with independent power producers. With power shortages now being anticipated once more in South Africa from the end of 2009, IPSA is looking to come to agreement with large power users. Eskom has already announced the introduction of punitive tariffs of over ZAR 2,000 per MWh for users who fail to cut their consumption to 10 per cent. below their usage levels of 2008.

In total IPSA intends to develop up to 1,000 MW of clean coal power plant capacity throughout the Eastern Cape between East London and Port Elizabeth.

IPSA is the owner/operator of South Africa's first independent power plant (IPP), the Newcastle Cogeneration gas-fired power plant in KwaZulu Natal. The announcement of further coal fired expansion using state of the art circulating fluidised bed (CFB) technology has been taken against a background of worsening power shortages in South Africa.

For further information contact:

Peter Earl, CEO, IPSA Group PLC: +44 (0)20 7793 5615
Elizabeth Shaw, COO, IPSA Group PLC: +44 (0)20 7793 5615
John Llewellyn-Lloyd / Sunil Sanikop, Noble & Company +44 (0)20 7763 2200

Ltd:
Dino Theodorou, PSG Capital (Pty.) Limited: +27 11 797 8400

or visit IPSA's website:

www.ipsagroup.co.uk

This information is provided by RNS The company news service from the London Stock Exchange

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RNS Number : 8863Z IPSA Group PLC 30 September 2009

30 September 2009

IPSA Group PLC

("IPSA" or "the Company")

Trading update

The Company today releases the following update to shareholders before its year end at close of business today:

1. Newcastle combined heat and power plant

Following our announcement on 23rd July 2009 advising shareholders of the delay in concluding a power purchase agreement with Eskom in accordance with its Medium Term Power Purchasing Programme ("MTPPP") tender, the Company has initiated discussions with a number of private sector parties regarding power offtake arrangements that would allow the Newcastle plant to restart operations. South African news reports also indicate increasing concern about possible power cuts towards the end of the current year and early next. However, no firm agreement for the sale of power has yet been concluded.

2. Siemens Westinghouse 501 DU turbines

Further to the 23rd July 2009 announcement, the Company is continuing in its efforts to dispose of the turbines. Independent Power Corporation PLC ("IPC"), a company controlled by Peter Earl, chief executive of IPSA and IPC, is in discussions on a number of proposed Government sponsored projects where, subject to financing being available, the turbines could be deployed in a relatively short time frame. Other fast track projects are also being considered. Shareholders will be informed of any significant developments.

3. Standard Bank loan

As previously communicated to shareholders, the Company's loan from Standard Bank ("The Bank") is set to mature on 2 October 2009, at which date the total indebtedness to the Bank will be approximately £15.8 million. As the Bank is aware, the Company will be unable to make this payment before the sale of one or more of the turbines referred to above. The Bank has reserved its position but has taken no action to enforce security and has indicated that for the moment it supports the actions management is taking to resolve the situation. The Company is grateful for the Bank's continuing support and is taking all steps within its power to realise sufficient assets to ensure repayment in full as soon as possible.

In addition, the loan balance due to IPC is approximately £800,000. This comprises loans which are payable on demand and are on commercial terms.

For further information contact:

Peter Earl, CEO, IPSA Group PLC: +44 (0)20 7793 5615
Elizabeth Shaw, COO, IPSA Group PLC: +44 (0)20 7793 5615
John Llewellyn-Lloyd / Sunil Sanikop, Noble & Company +44 (0)20 7763 2200

Ltd:
Dino Theodorou, PSG Capital (Pty.) Limited: +27 11 797 8400
Sugitha Naidoo, College Hill (South African PR +27 11 447 3030

Advisers):

or visit IPSA's website:

www.ipsagroup.co.uk

This information is provided by RNS The company news service from the London Stock Exchange

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