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David Brown takes chair as Coal of Africa raises $44m

By: Martin Creamer Former CEO of embattled Impala Platinum (Implats) David Brown is the new chairperson, with immediate effect, of the currently challenged Coal of Africa (CoAL). Simultaneously, the ASX- Aim- and JSE-listed CoAL has raised $44.8-million of equity capital. Brown replaces Richard Linnell, who has... 

CoAL, Exxaro to conclude buy-in negotiations by Sept

By: Natasha Odendaal A formal decision on diversified miner Exxaro’s 30% buy-in option of Coal of Africa’s (CoAL’s) Makhado project, in Limpopo, was expected by September 30, the CEO of ASX- and JSE-listed CoAL, John Wallington, said on Monday. The parties embarked on the next phase of the coking coal project’s... 

Coal of Africa completes Chapudi deal

By: Natasha Odendaal Coal of Africa Limited (CoAL) said on Thursday it had completed its acquisition of the Chapudi coal assets, in Limpopo, from Rio Tinto and Kwezi Mining. This follows Ministerial approval of the sale under Section 11 of the Mineral and Petroleum Resources Development Act.  

Coal of Africa close to concluding Chapudi deal

By: Natasha Odendaal ASX- and JSE-listed Coal of Africa Limited (CoAL) said on Monday that the deadline for the completion of the Chapudi acquisition was extended to the end of May. The extension enabled certain conditions, such as the Section 11 approval from the Department of Mineral Resources, to be fulfilled. 

CoAL to buy Rio Tinto’s Chapudi project for $75m

By: Esmarie Swanepoel Emerging miner Coal of Africa Limited (CoAL) on Monday announced a $75-million agreement to buy the Chapudi coal project in South Africa from Rio Tinto and its joint-venture partner Kwezi Mining. The coal assets, which are adjacent to CoAL’s Makhado project, comprise both thermal and coking coal... 

Coal of Africa expands Mooiplaats exploration

By: Esmarie Swanepoel Australian coal development company Coal of Africa Limited (CoAL) has started additional production-related drilling, as well as drilling to identify the site for the second decline shaft, on the farms neighbouring the company’s Mooiplaats coal project, in South Africa’s Mpumalanga province. The... 

CoAL, Rio Tinto ink SA farm-swap agreement

By: Mariaan Webb Junior-miner Coal of Africa (CoAL) has entered into an agreement with resources giant Rio Tinto to gain access to project areas that were contiguous to its coking coal project, in South Africa, the company announced on Tuesday. CoAL, which is listed in the UK, Australia and South Africa, said... 

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