LONDON (Alliance News) - Coal of Africa Ltd said Wednesday that it had finalised an 18-month RUB210 million working capital facility from Investec Bank Ltd.
The facility will be used for general operating expenditure, Coal of Africa said, and to enable it to execute key priorities of its turnaround strategy.
Coal of Africa acquires and develops thermal and metallugical coal projects in South Africa. Its shares were trading up 0.05 pence at 8.30 pence Wednesday morning.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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