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