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  1. Malom
    162 Posts.
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    18/04/09
    06:14
    Post #: 5025621
    Coal of Africa Plans to Invest 3 Billion Rand in Vele Colliery

    By Alastair Reed
    April 17 (Bloomberg) -- Coal of Africa Ltd. plans to invest 3 billion rand in its Vele colliery project in South Africa’s Limpopo province, the company said in an e-mailed statement today. The mine has the potential to produce 5 million metric tons of coking coal a year, Coal of Africa said.


    Another article found here:

    http://www.busrep.co.za/index.php?fSectionId=563&fArticleId=4940060




    CZA Price at posting: $1.30 Sentiment: None Disclosure: Held
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