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CoAL settles major liabilities, transitions into coal producer in 'extremely positive year'

Crucial Milestones

By:  
Creamer Media Deputy Editor: Features
 
COAL
Following an “extremely positive and transformational year” in which South Africa-focused Coal of Africa Limited (CoAL) achieved significant milestones, such as settling significant liabilities and transitioning into a coal producer with the acquisition of the cash-generative Uitkomst colliery, the company will advance towards self-sufficiency. “CoAL is looking forward to a potential secondary acquisition and/or the Makhado project coming to fruition within a short period . . . ” CoAL CEO David Brown noted at the end of last month during a teleconference during which he discussed the company’s audited financial statements for the financial year ended June 30.
 
 
 
 
 

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