Wednesday , 18 October 2017

Home » NEWS » Africa & World » CoAL completes Pan African Resources buyout

CoAL completes Pan African Resources buyout

June 26, 2017 3:33 pm by: Category: Africa & World, BUSINESS, Featured, Mining & Engineering, National, Uncategorized Leave a comment A+ / A-
CASH COW: Eskom is paying premium prices for good quality coal. 23/02/09. Pic. Marianne Schwankhart. © The Times. Comment - Coal's true price: How the real costs of mining pass on to the community [Page 12] Black gold ... more coal mines like this will be established worldwide to meet an insatiable demand for affordable energy, despite opposition from green activists. Business Day. 28/04/2010. Pg 15. FM Green Report 15/10/2010, pg 26. Bad energy. Coal power stations are high polluters.

CASH COW: Eskom is paying premium prices for good quality coal. 23/02/09. Pic. Marianne Schwankhart. © The Times. Comment – Coal’s true price: How the real costs of mining pass on to the community [Page 12] Black gold … more coal mines like this will be established worldwide to meet an insatiable demand for affordable energy, despite opposition from green activists. Business Day. 28/04/2010. Pg 15. FM Green Report 15/10/2010, pg 26. Bad energy. Coal power stations are high polluters.

By GIFT NDOLWANE
JOHANNESBURG -COAL of Africa (CoAL) has announced all conditions precedent to the acquisition of 100 percent of the shares in and claims against Pan African Resources Coal Holdings Proprietary Limited have now been fulfilled.
This follows Uitkomst Colliery Proprietary Limited having entered into a supply of coal agreement on terms acceptable to CoAL.
As a result, the effective date of the implementation of the transaction will be on Friday, when CoAL will take over ownership, control and management of PAR CoAL and the Uitkomst Colliery.
CoAL is an emerging coal exploration, development and mining company operating in South Africa.
Its key projects include the Vele Colliery and the Greater Soutpansberg Project /MbeuYashu.
Its acquisition Pan African Resources Coal produces 50 000 tonnes of coal per month. It has 115 employees.
Guardian

CoAL completes Pan African Resources buyout Reviewed by on . [caption id="attachment_6249" align="alignleft" width="300"] CASH COW: Eskom is paying premium prices for good quality coal. 23/02/09. Pic. Marianne Schwankhart [caption id="attachment_6249" align="alignleft" width="300"] CASH COW: Eskom is paying premium prices for good quality coal. 23/02/09. Pic. Marianne Schwankhart Rating: 0

Leave a Comment

scroll to top