• Inside Labour

    Terry Bell explores the connection between poultry, poverty and desperation.

  • A new ANC sweeper?

    Have the Guptas' new auditors mastered how to look the other way on cue, asks Solly Moeng.

  • Strategy for the big boys

    Formulating strategy across the span of huge companies is a marathon, says Ian Mann.

All data is delayed
Loading...
See More

CoAL declares force majeure

Feb 28 2013 08:40
Reuters

Johannesburg - Junior coal minining company Coal of Africa [JSE:CZA] has declared force majeure on coal shipments from its collieries in South Africa after a derailment on the rail corridor linking with the Maputo port in Mozambique.

South African logistics group Transnet advised the company that the line would be suspended for at least seven weeks.

Coal of Africa said it had temporarily suspended production at its Vele colliery where stocks are at full capacity, while output at its Mooiplaats and Woestalleen operations will continue until stockpiles capacity is exhausted.

At 07:05 GMT, the stock was trading 6.25% lower to R2.25.

 

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

transnet  |  coal of africa

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The drop in inflation:

Previous results · Suggest a vote

Loading...