Triple-listed Coal of Africa Limited (CoAL) will review the development plan for its Makhado project, in Limpopo, which may result in reduced capital expenditure (capex), a lower production rate, a shorter construction period and an extended mine life. Makhado’s initial development plan included a 26-month construction phase, followed by a four-month ramp-up to a production rate of 5.5-million tonnes a year of coal. The initial capex requirement was estimated at $281-million.
