ARCELLOR MITTAL has made aggreemnt with CZA.
MT is very hungry for COAL to run its steel plant globally. As per my view MT is very much interested in takeover CZA.
Mooiplaats
Interest 70%
Location Ermelo Coal Field
1.7km to Camden Power Station
Area 23,000Ha
Resource 240 million (SAMREC inferred)
43 million (SAMREC measured)
BAOBAB
Interest 100%
Location Nth of Soutpansberg
60km from Messina
Area 23,056Ha
Holfontein
Interest 100%
Location East of Johannesburg
Witbank Coal Field
Area 1160.8 hectares
Resource 55 million (inferred)
Thuli
Interest 74%
Location Limpopo Province
Area 8,000 Ha
Resource 352 million
Since crude prices are sky rockeitng COAL prices is also going to go up further. All the energy prices are rising.
how much reserves resources doe cza have atm, page-4
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