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Coal of Africa extends gains on China deal

Jan 10 2013 11:51
Reuters


Company Data

COAL OF AFRICA LIMITED [JSE:CZA]

Last traded 0
Change 0
% Change -9
Cumulative volume 249731
Market cap 0

Last Updated: 01/01/0001 at 12:00. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - Shares of Coal of Africa [JSE:CZA] surged more than 9%, adding to a 4% gain in the previous session, after the coal mining and exploration company said Beijing Haohua Energy Resources had won Chinese regulatory approval to invest $100m in it. 

Coal of Africa, which has its primary listing in Australia, was up 9.3% at R3.18, making it the second-biggest percentage gainer on the All Share [JSE:J203] index.

 

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