CoAL's Uitkomst buy completed after supply agreement finalised

Triple-listed Coal of Africa (CoAL) has announced that all conditions precedent for its R275-million buy of South Africa's Pan African Resources Coal Holdings have been fulfilled, after a supply agreement was signed over the Uitkomst colliery. The transaction will now be effective at the end of June this year, with CoAL to take over ownership, control and management of both Pan African and the Uitkomst colliery.