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Coal of Africa raises £38m for mining projects

Tue, 26th Aug 2014 13:55

South African miner Coal of Africa has done deals to raise up to £38.2m in a share issue, lifting its shares.Coal of Africa, which has several sites in Limpopo province, has reached conditional agreements with existing and new investors to raise the cash to pay off debt, modify its Vele colliery and fund its medium-term Makhado project.It also plans to raise further cash by offloading some non-core assets such as its Mooiplaats mine.Chief executive David Brown said: "We have allocated the resources into short, medium and long term growth projects."Shares rose 0.5p or 18.7% to 3.2p by 11:50 in London.PW
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21 Sep 2015 08:30

Coal Of Africa Secures USD19.4 Million Funding Package From Yishun (ALLISS)

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10 Sep 2015 11:26

Coal Of Africa Pretax Loss Narrows As It Awaits Licences For Makhado

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5 Aug 2015 10:30

WINNERS & LOSERS SUMMARY: Miners Lead FTSE 100 After Broker Upgrade

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5 Aug 2015 09:53

Coal of Africa shares surge on funding news

(ShareCast News) - Shares in Coal of Africa were up 5.54% after the Australian based miner signed a funding deal with a Singaporean private investment company. At 0900 BST shares in the AIM listed stock rose to 4.54p after the company secured two tranches of funding worth £12.4m. Under the arrangem

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5 Aug 2015 07:28

Coal Of Africa Shares Up On Subscription And Loan To Back Makhado (ALLISS)

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27 Jul 2015 09:40

Coal Of Africa Says Progress Made At Makhado In Second Quarter

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2 Jul 2015 11:54

Coal of Africa cancels sale of Mooiplats Colliery to Blackspear Capital

Coal of Africa has cancelled the sale of its South African Mooiplaats Colliery asset to Blackspear Capital and has already began the search for another buyer. The sale, which was agreed earlier this year, was postponed twice, to offer Blackspear more time to provide proof of funding for the 250m ran

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2 Jul 2015 07:28

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2 Jul 2015 06:54

Coal Of Africa Says Mooiplaats Colliery Sale To Blackspear Cancelled

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22 Jun 2015 08:08

Coal of Africa appoints new CFO

Metallurgical and thermal coal producer Coal of Africa has appointed De Wet Schutte as its chief financial officer. The 44-year-old, who has covered the same role at Atlatsa Resources Corporation and has also worked for Australia-based Macquarie Bank as managing director of natural resources, will b

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22 Jun 2015 07:03

Coal Of Africa Makes De Wet Shutte Finance Chief, Executive Director

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3 Jun 2015 11:24

Coal Of Africa Completes Last Part Of USD38 Million Equity Raise (ALLISS)

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2 Jun 2015 14:43

Coal of Africa Completes Third Stage Of Equity Fundraising (ALLISS)

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