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May 8, 2009
Expanded coal asset base expected to yield positive results
Minerals exploration investment and holding company Miranda Minerals expects to yield positive cash flow in the next 6 to 12 months by developing its targeted coal projects. The JSE-listed company has accelerated the development of its coal asset base in KwaZulu-Natal, with opencast mining at its Sesikhona Kliprand colliery scheduled to start production within the next two months.
The go-ahead has come as a result of a revised project plan and the granting of a mining licence by the Department of Minerals and Energy (DME).
Posted by StaffWriter at May 8, 2009 11:53 AM