CoAL awaits shareholder approval on Uitkomst deal

June 11, 2017

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The shareholders of ASX-, Aim- and JSE-listed Coal of Africa Limited (CoAL) will meet on June 15 to vote on the acquisition of the Uitkomst colliery from South Africa’s Pan African Resources Coal holdings.

The two companies in April signed a R275-million deal that would see CoAL acquire Pan African’s 91% interest in the 50 000 t/m colliery, in KwaZulu-Natal.

Category: General