Coal of Africa sells Mooiplats mine
Coal of Africa has offloaded its Mooiplats thermal underground coal mine, as it looks to dispense of non-core assets.
The coal mine has been sold for US$ 23.5 million to a wholly-owned subsidiary of Blackspear Holdings. Blackspear must prove evidence of funding before the end of October 2014.
The Mooiplats mine, in the Ermelo coalfield in the Mpumalanga province of South Africa, has been placed on care and maintenance since October 2013.
Edited from various sources by Sam Dodson
Read the article online at: https://www.worldcoal.com/coal/22092014/coal-of-africa-sells-coal-mine-1338/
You might also like
Shubarkol komir awarded Bettercoal Producer status
JSC Shubarkol komir has officially been confirmed as having achieved Bettercoal Producer status, marking an important milestone in its commitment to responsible mining practices.