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CoAL suspends Vele ops due to rains

Jan 22 2013 07:57 Reuters

Company Data

COAL OF AFRICA LIMITED [JSE:CZA]

Last traded 0.61
Change -0.03
% Change -0.05
Cumulative volume 1004975
Market cap 639.50m

Last Updated: 24/07/2014 at 04:23. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - Junior miner Coal of Africa [JSE:CZA] (CoAL) said on Tuesday it had suspended operations at its Vele colliery in South Africa after heavy rains led to flooding at the mine.

"CoAL expects normal operations to resume in approximately seven days subject to receding rainfall," it said in a statement.  

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