CoAL on the hunt for cash generating asset

Triple-listed Coal of Africa Limited (CoAL) on Tuesday said it was evaluating a number of opportunities to acquire a cash generating asset. “We continue to engage with potential funders to ensure any potential opportunity can be appropriately funded. We are aware of the current cash balances and the requirement to fund the last legacy liability in June 2017,” it said in a statement on Tuesday, adding that it was in discussions to ensure the payment of this liability could be funded while also having sufficient funding available to move ahead with the Makhado project.