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about us coal of africa

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coal of africa on News24

Coal of Africa has declared force majeure on coal shipments from its collieries in SA after a derailment on the rail corridor linking with the Maputo port in Mozambique Coal of Africa extends gains on China deal 2013 01 10 11 51 Shares of Coal of Africa surged more than 9 after the company said Beijing Haohua Energy nbsp

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Coal of Africa Home

Coal of Africa Limited CoAL is an emerging developer and producer of high quality thermal and coking coal based in South Africa

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Coal of Africa acquires Uitkomst colliery in R275 million deal

5 Apr 2017 Uitkomst had a net asset value of R209 million and made operating profits of R21 3 million for the six months ended 31 December 2016 as disclosed in the interim financial statements of Pan African Resources Feature image credit Coal of Africa A drill rig on site at Coal of Africa 39 s Makhado project in nbsp

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About us Coal of Africa

Coal of Africa Limited CoAL is an emerging coal exploration development and mining company operating in South Africa CoAL 39 s key projects include the Vele Colliery coking and thermal coal the Greater Soutpansberg Project MbeuYashu including CoAL 39 s Makhado Project coking and thermal coal With good nbsp

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Coal of Africa 39 s Makhado Project to start in a year IOL Business

2 Oct 2017 Coal of Africa CoAL announced its downscaled plan for its Makhado Project in the Soutpansberg area in Limpopo The company anticipates that a substantial portion of the hard coking coal produced will be sold locally with the balance sold on international markets Chief executive David Brown said nbsp

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Coal of Africa to apply for new right to extend Uitkomst Colliery 39 s life

Coal of Africa to apply for new right to extend Uitkomst Colliery 39 s life of mine Energy 26 September 2017 10 00pm Siphelele Dludla File Image IOL JOHANNESBURG Coal of Africa CoAL said on Tuesday that it would be submitting an application to the Department of Mineral Resources to extend the New Order nbsp

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Coal of Africa casts about for second acquisition BusinessLIVE

31 Jul 2017 Coal of Africa CE David Brown Picture ROBERT TSHABALALA Coal of Africa CoAL is reviewing prospects for a second acquisition soon after completing its purchase of Uitkomst Colliery from Pan African Resources to generate cash while it develops its flagship Makhado coal mine it said on Monday

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Makhado mine flashpoint for tensions over South Africa 39 s pro coal

26 Jan 2017 Within the current South African environment there are limited alternative solutions for reasonably priced power other than coal While it is recognised that the country will reduce its reliance on coal by adopting more sustainable energy sources in the future it is also recognised that coal can and must nbsp

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Coal Mining in South Africa – Universal Coal plc

Mining has long been integral to the development and advancement of South Africa 39 s economy and has contributed largely in making its economy the strongest on the continent Ownership access and opportunity in regards to the country 39 s mineral resources are regulated by the Minerals and Petroleum Resources nbsp

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Coal of Africa Ltd Share News CZA Stock News Interactive Investor

1 day ago CHANGE OF NAME TO MC MINING LIMITED Coal of Africa Limited 39 s quot CoAL quot or the quot Company quot shareholders approved the change of the Company 39 s name quot Name Change quot at the Annual General Meeting quot AGM quot on 24 November 2017 The results of the AGM as well as previous announcements nbsp

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About Us Coal India Limited

About Us India 39 s Energy Scenario amp Coal India is currently among the top three fastest growing economies of the world As a natural corollary India 39 s energy needs too are fast expanding with its increased industrialization and capacity addition in Power generation This is where 39 Coal 39 steps in In India coal is the critical nbsp

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Coal of Africa shares rise as miner gets green light for Makhado

29 May 2017 Coal of Africa has received the go ahead for its Makhado project after Water and Sanitation Minister Nomvula Mokonyane lifted its suspended water use CoAL subsidiary Baobab Mining and Exploration intended to start building the Makhado coking and thermal coal project which will produce about 5 5 nbsp

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Coal of Africa Ltd CZA ASX summary FT com

Key statistics On Friday Coal of Africa Ltd CZA ASX closed at 0 042 10 53 above the 52 week low of 0 038 set on Aug 21 2017 52 week range Today 0 038Aug 21 20170 06Nov 30 2016 Markit short selling activity Low Med High nbsp

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Coal of Africa splashes R275m for Pan African 39 s Uitkomst Colliery

5 Apr 2017 The purchase price is to be settled on R125 million payable in cash and a R25 million deferred consideration within 24 months while the balance would be CoAL said the cash consideration would be funded through internal cash resources and through the proceeds of an aggregate US 13 million equity nbsp

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Strategy Coal of Africa

Coal of Africa Limited CoAL is primarily focused on the acquisition exploration and responsible development of thermal and coking coal projects in South Africa The shift from being an exploration and development stage company to an operating company was made in 2008 when mining operations started at the nbsp

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Coal of Africa stock surges as board back share consolidation

Coal of Africa stock surges as board back share consolidation The company also plans to change its name and is reviewing its dual listing 27 October 2017 10 25 Karl Gernetzky Picture SUPPLIED The Coal of Africa CoAL share price jumped more than 4 on Friday after it said its board had recommended nbsp

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Coal of Africa sells Mooiplaats Engineering News

2 Oct 2017 The sale of the Mooiplaats Colliery is the final step in Coal of Africa 39 s balance sheet restructuring strategy setting the course for the company to become a self sufficient mid tier coal mining company CEO David Brown said on Monday Mooiplaats which has been on care and maintenance since 2013 nbsp

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Universal Coal to forge ahead after Coal of Africa bid collapses

18 Jul 2016 The delays with NCC have hurt us there 39 s no doubt about it but fortunately the coal price has recovered 39 39 Eskom backed Universal 39 s first mine the 70 per cent owned Kangala Colliery with a long term deal But South Africa 39 s economic malaise which has reduced electricity demand had made the utility nbsp

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Coal of Africa 39 s shares suspended on JSE briefly IOL Business

28 Nov 2017 Junior coal producer Coal of Africa CoAL said its shares on the JSE had been suspended until today

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Coal of Africa shares advance by record on Makhado mining rights

Shares jumped to their biggest gain since starting to trade in December 2006

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Coal of Africa sells Mooiplaats Mining Weekly

2 Oct 2017 The sale of the Mooiplaats Colliery is the final step in Coal of Africa 39 s balance sheet restructuring strategy setting the course for the company to become a self sufficient mid tier coal mining company CEO David Brown said on Monday Mooiplaats which has been on care and maintenance since 2013 nbsp

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Opposition to coal mining in Limpopo South Africa is mounting

This why there is mounting opposition from a growing coalition of local people in the area Venda South Africa – Venda Communities say No to CoAL Mining middot No to CoAL Video from Water Open Day Everyday they are telling us on the radio and on the television that we must save water – if there is not enough water for nbsp

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CoAL opts for 39 Makhado lite 39 after project rescope slashes capex 70

29 Sep 2017 The project adjustment is largely a consequence of CoAL 39 s decision to keep its Vele colliery on care and maintenance despite having re engineering the asset The acquisition of Uitkomst from Pan African Resources for R275m earlier this year provides some cash flow in Makhado 39 s pre production phase nbsp

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Coal of Africa to sell Mooiplaats Colliery in South Africa Mining

3 Oct 2017 Coal of Africa CoAL is set to sell the Mooiplaats Colliery in Mpumalanga Province South Africa to a consortium of investors in order to focus on the development of Makhado project The divestment is valued at R179 9m 13 22m CoAL and its wholly owned subsidiary GVM Metals Administration South nbsp

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Coal in South Africa Wikipedia

South Africa produces in excess of 255 million tonnes of coal 2011 estimate and consumes almost three quarters of that domestically Around 77 of South Africa 39 s energy needs are directly derived from coal and 92 of coal consumed on the African continent is produced in South Africa The use of coal in South Africa nbsp

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Latest Company News for Coal of Africa Stock Market Wire

London stocks opened southbound with miners and financials leading the blue chip ladder lower as the market already cautious about Brexit and the US elections waits for the US Federal 02 Nov 08 09 CoAL welcomes dismissal of Makhado EA appeal Coal of Africa Limited has welcomed a South African minister 39 s nbsp

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COAL OF AFRICA LIMITED JSE CZA Share Price JSE CZA

Fin24 2017 10 02 12 01 CoAL gets go ahead to buy Pan African Coal Fin24 2017 06 09 11 35 JSE ends in red‚ awaits US speech Fin24 2013 06 19 20 21 Resources platinums keep JSE firmer Fin24 2013 05 07 11 14 JSE higher on expectation of stimulus Fin24 2013 04 29 10 27 JSE flat‚ eurozone in focus

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Coal of Africa reviews its flagship Makhado project

22 Aug 2017 In its latest report for the quarter ended 30 June Coal of Africa Limited CoAL states that it is reviewing the development plan for its Makhado project a 26 month construction phase followed by a four month ramp up to achieve a production rate of 5 5 Mt a with a capital requirement of US 281 million

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How Financially Strong Is Coal of Africa Limited ASX CZA

10 Oct 2017 While small cap stocks such as Coal of Africa Limited ASX CZA with its market cap of AUD 126 79M are popular for their explosive growth investors of doing due diligence on a company 39 s financial strength stems from the fact that over 20 000 companies go bankrupt in every quarter in the US alone

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COAL OF AFRICA share price CZA London Stock Exchange

Until 3 January 2018 an intra day file of off book on exchange trades with new flags that will be compliant with MiFID II is now available The data is delayed by at least 15 minutes and the file will be refreshed every 30 minutes The use of this file is according to our standard terms amp conditions For further information please nbsp

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