Coal of Africa Share News (CZA)
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Coal of Africa (CoAL) jumped over 10 per cent after it announced a marketing deal designed to boost exports of its coking and thermal coal. The firm said it had signed a binding memorandum of understanding with the Vitol Group, making it the company's exclusive marketing agent for all export therma
Read moreSouth African mining company Coal of Africa has reinstated 178 miners who were dismissed six days ago for engaging in a four-day unprotected strike. The company, which operates the Mooiplaats coal mine in the Mpumalanga province in South Africa, advised that it had signed a Memorandum of Understand
Read moreSouth African mining company Coal of Africa's share price plummeted on Monday morning following news that the Save Mapungubwe Coalition had withdrawn from a Memorandum of Understanding with the company. The Memorandum of Understanding was signed in November 2011 committing both parties to working t
Read moreAIM-listed mining company Coal of Africa has dismissed 178 miners for engaging in a four-day unprotected strike. The dismissed employees, who constituted 48% of the mine's total workforce, were affiliated to the National Union of Mineworkers and were part of the wages collective bargaining unit. Th
Read moreCoal of Africa, a South Africa-based mining exploration and development company, fell on Tuesday on confirmation that employees at its Mooiplaats mine in South Africa have gone on strike. The employees, who are associated with the National Union of Mineworkers, were protesting against the suspensio
Read moreMiner Coal of Africa said that the National Union of Mineworkers in South Africa has called off the strike at the firm's Mooiplaats colliery after agreeing to an improved pay offer. Workers at the mine went on strike on Tuesday after the union rejected the company's offer of a 22% pay rise. They re
Read moreAustralian mining minnow Coal of Africa has shot up 23% following news that it has placed 100m dollars of shares at a price of 25p a share with Haohua Energy International, owned by Chinese coal producer Beijing Haohua Energy Resource. The placement has been structured in two tranches: an initial 2
Read moreCoal of Africa said pressure on thermal coal markets was hitting profits, something that was likely to continue into 2013. This meant the South African operator was suffering a funding shortfall, which added to investor concerns as they pushed shares down 7%. The firm said pressure on index linked
Read moreCoal of Africa, the South-Africa focused but London listed coal company, has been given a big vote of confidence by fellow South African firm Investec. The lender has agreed to provide a $50m credit facility for two years and buy shares worth a cool $8.7m. The agreement also allows for Investec to
Read moreThe Italy focused gas company, Independent Resources (IRG), said it is accelerating its strategy review after an earthquake struck the area where its Rivara underground gas storage project is situated. The group said that the whole concept of underground natural gas storage is now being called into
Read moreCoal of Africa has announced another strategic milestone in its strategy to grow into a significant coking coal producer in South Africa. Its resource and reserve estimate at the Greater Soutpansberg project area, located in the Limpopo Province, has increased by more than 1.3bn mineable tonnes in
Read moreZincOx Resources says the initial production test at its Korean recycling plant saw production ramped up to 50% of capacity and produced zinc concentrate and direct reduced iron. The operation of the final piece of equipment, the hot briquetting machine, will occur during the next test run. While o
Read moreFootsie enjoyed a buoyant if unspectacular day, with almost two-thirds of its constituents finishing in the blue. The market shrugged off the news that Spain's credit rating has been cut by two notches by the Moody's rating agency, and preferred to concentrate on a report in The Guardian newspaper
Read moreShares are buoyant today, winning back some of the previous day's losses despite ongoing worries over the Eurozone. A 48-hour general strike has been called in Greece ahead of a vote on austerity measures. Spain, meanwhile, had its credit rating cut by two notches last night by the Moody's rating a
Read moreShares in Coal of Africa leapt this morning after it regained an integrated water use licence for its Vele Colliery project. The licence had been suspended following an appeal by a coalition of non-governmental organisations, leaving the coal explorer unable to continue activities that required the
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