CoAL considers name change, secures approval for Makhado Lite strategy

Triple-listed Coal of Africa Limited (CoAL) is reviewing potential second cash generator prospects, the disposal of further noncore assets and a rationalisation of the bourses on which it is listed as it continues restructuring its balance sheet. This followed the acquisition of the Uitkomst colliery, the approval for the Makhado Lite strategy and the sale of the Mooiplaats colliery at the end of September.