CoAL completes BEE ownership structure for Chapudi

February 6, 2012

JOHANNESBURG (miningweekly.com) - Aim-, ASX- and JSE-listed Coal of Africa Limited (CoAL) has agreed to sell a 26% stake in its Keynote Trading and Investment subsidiary to black-owned Rothe Investment Proprietary and King Makhado Holdings.

Keynote is expected to hold the Chapudi coal project, in Limpopo, on completion of CoAL's $75-million acquisition from joint venture partners Rio Tinto Minerals Development and Kwezi Mining.

Read More