Coal of Africa Share News (CZA)
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CZAMon, 03rd Jun 2013 07:22
LONDON (Dow Jones)--Coal of Africa Limited (CZA.LN) said Wednesday that 50 million new ordinary shares have been successfully placed at 110 pence per share (or ZAR12.38, or A$1.88) to raise gross proceeds of GBP55 million (ZAR619 million/ A$94 million). MAIN FACTS: -The placing price is equi
Read moreLONDON (Dow Jones)--Coal of Africa Limited or CoAL (CZA.LN), an exploration company, announced Wednesday its intention to raise up to GBP55 million (before expenses), via the placement of up to 50 million new ordinary shares in the company representing 10.4% of CoAL's existing issued ordinary share
Read moreMining company Coal of Africa is looking at a number of funding options to finance the development of its Makhado Project and participation in any further potential expansions of capacity at the Matola Terminal. The board said its preferred funding solution is a combination of a debt issue, an issu
Read moreLONDON (Dow Jones)--Coal of Africa Ltd. (CZA.LN), a resources company, said Tuesday at the Mooiplaats Colliery, Ermelo Coalfield, a total of three sections are now opened and all are in the high quality bituminous coal which, after washing, is producing a typical export quality thermal coal, save fo
Read moreCoal of Africa has raised £56.9m from a placing to fund the £50.1m acquisition of NuCoal Mining. The AIM-listed company, which mines for coal in South Africa, placed 59.9m shares at 95p. It will use the leftover cash to increase logistics capacity, speed up capital expenditure at the Vele and Makh
Read moreCoal of Africa, which mines for the fuel in South Africa, said that the second of its three projects should be brought into production in the first half of 2010. The firm, whose Mooiplaats coal mine started production in 2008, said its Veke coking coal project is expected to receive a New Order Min
Read moreAmong US health care proposals under consideration is a possible $4bn (£2.5bn) annual tax on companies that produce medical products. This could dock around 11% off earnings at Smith & Nephew, which makes artificial hips and knees and does some 45% of its business in the US. The case for buying Smi
Read moreEastern Europe focused retail property investor Carpathian saw profits slide in the six months to 30 June as rental income slumped. The firm, which invests in shopping centres, supermarkets and warehouses in Croatia, the Czech Republic, Hungary, Poland, Romania, Lithuania and Latvia, posted adjuste
Read moreCybit, which provides vehicle and maritime tracking systems, has had its contract with Fowler Welch, part of Dart Group plc, extended for another five years. The firm will deploy Fleetstar Online across the Fowler Welch trailer fleet as part of a contract valued at about £1m in revenues, to be reco
Read moreSeemingly positive news from two mining companies has failed to impress investors and the stocks are among the worst performers in a downbeat mining sector. Hochschild Mining has completed the construction of new power lines in Peru and Argentina, which will help the Latin America-focused precious
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