Local coal explorer Waterberg Coal Company (WCC) on Monday reported that it was still in talks with AME International to assist in the recapitalisation of the company’s balance sheet and for the provision of working capital for advancing the Waterberg coal project, in Limpopo. The two parties started discussions in March and AME has now advised WCC that, as part of the process, it has entered into a term sheet with South African-registered company Sekoko Coal, which holds the prospecting and mining rights of the Waterberg project.
