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CoAL refutes Rio Tinto’s Chapudi agreement breach claim

By: Ilan Solomons Triple-listed Coal of Africa Limited (CoAL) and its subsidiary MbeuYashu have received a notice from diversified major Rio Tinto Minerals Development and Rio’s joint venture partner Kwezi Mining alleging that CoAL is in breach of a deferred consideration payable by MbeuYashu for a 2010... 

CoAL resolves legacy Chapudi payout

By: Natasha Odendaal Coal of Africa Limited (CoAL) has resolved its last historic liability issue as a deal is reached between it, Rio Tinto Minerals Development and Rio’s joint venture partner Kwezi Mining, over a deferred consideration payable by CoAL subsidiary MbeuYashu for a 2010 acquisition. Late in 2010, CoAL... 

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. 


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