Skip to main content

CoAL has settled its Rio Tinto repayment

Published by
World Coal,

Coal of Africa Limited CoAL and its subsidiary company, MbeuYashu Proprietary Limited (MbeuYashu) have announced that CoAL has fulfilled all its obligations to Rio Tinto Minerals Development Limited (Rio Tinto) in June 2017 in relation to the agreements under which MbeuYashu acquired interest in Chapudi Coal Proprietary Limited and Kwezi Mining Exploration Proprietary Limited.

David Brown, Chief Executive Officer of CoAL commented, “The final repayment and completion of the Rio Tinto Chapudi transaction is a milestone for the company, as it resolves the outstanding legacy issues which have plagued the company for the past five years. We continue to focus on progressing our flagship Makhado Project which will deliver significant value for all our stakeholders.”

Read the article online at:

You might also like

Dyno Nobel

[Webinar] Breaking new ground in mine blasting

Dyno Nobel will be discussing the latest innovations for making mine blasting more productive and less costly. Register for free today »


New Chair appointed for MCA

The Minerals Council of Australia (MCA) has today appointed a new Chair to lead the organisation.


Embed article link: (copy the HTML code below):