Photo by: Bloomberg
JOHANNESBURG (miningweekly.com) – Coal of Africa Limited (CoAL) has been granted Section 11 approval by the Department of Minerals Resources for the disposal of the Opgoedenhoop mining right, in Mpumalanga.
The company had already received R5-million of the R20.4-million, with the balance to become payable within 12 months.
As part of a “five-point turnaround strategy", CoAL was offloading five noncore thermal assets, namely the Opgoedenhoop mining right, Lemur Resources and its other Mpumalanga-based assets the Woestalleen colliery, the Holfontein project and the Mooiplaats colliery.