https://www.miningweekly.com

Corsa to focus on met coal as it exits thermal coal market

9th March 2018

By: Nadine James

Features Managing Editor

     

Font size: - +

JOHANNESBURG (miningweekly.com) – TSX-V-listed Corsa Coal is selling its thermal and industrial coal division Central Appalachia (CAPP) to a buyer group led by CAPP's current management team. 

"The sale of our CAPP division will allow us to dedicate all of our corporate resources to the metallurgical (met) coal market where we believe we can achieve the highest rates of return on investment," CEO George Dethlefsen said on Wednesday.

Corsa’s focus going forward is to aggressively increase its met coal production, maximise value-added services activity and continue to grow its met coal sales and trading platform.

The CAPP division's current operations include the Cooper Ridge Deep underground mine and the Valley Creek and Buffalo Creek surface operations.
As purchase consideration for the division, the buyer group will assume certain debt, leases and future costs, including end-of-mine closure costs, which have been estimated at about $8-million.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

ZF Aftermarket
ZF Aftermarket

ZF Aftermarket is the after-sales division of the world-renowned German ZF group, a global leader in mobility technology.

VISIT SHOWROOM 
Vikela Aluvin (Pty) Ltd
Vikela Aluvin (Pty) Ltd

Complete range of security sealing solutions including security seals bags and labels.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.043 0.814s - 128pq - 2rq
Subscribe Now