Hi dnbuck, I totally agree with you once vele has been sorted out it should be full steam ahead.Also CZA has made a great move in buying the Chapudi coal project and other South African assets off Rio Tinto in a $US75 million deal. The Chapudi project adds 1- billion tons to CoAL�s 947-million ton resource in the Soutpansberg coal basin.
ArcelorMittal has a 16% stake in CoAL and will be the main buyer of the first 2-million to 3- million tons of coal from Makhado once it is in production. CoAL will submit a mining right application early next year when it completes a definitive feasibility study.
Have a great Xmas and New Year and hopefully a Great Years for CZA
coal seeks partner for 2-billion ton project, page-8
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