Data provided by McGregor BFA
All data is delayed
Loading...
See More

CoAL declares force majeure

Feb 28 2013 08:40 Reuters


Related Articles

CoAL restarts Vele ops in SA after floods

CoAL appoints Vitol Group for marketing

CoAL in legal spat with ex-director

CoAL miners strike at Mooiplaats

CoAL up on huge coal reserves jump

CoAL suspends Vele ops due to rains

 

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

DRDGold appoints director

2014-04-17 15:05

 
 
 

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
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

Zuma: Pray for peaceful polls

President Jacob Zuma has asked members of the Universal Church of the Kingdom of God to pray for peaceful elections on 7 May.

 
 

Latest elections multimedia

Why Jack Parow wants you to vote on 7 May
The ad the SABC doesn't want to air
Elections 2014 in one cartoon
This year's election posters

Money Clinic

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