All data is delayed
Loading...
See More

Coal of Africa to shut SA colliery

Jun 03 2013 12:35
Reuters
Johannesburg - Junior coal mining firm Coal of Africa [JSE:CZA] plans to shut its Mooiplaats colliery and will begin talks with unions and other parties on potential job cuts, it said on Monday. 

"(Coal of Africa) recognises the importance of conserving jobs, but at the same time the need to preserve the company's financial structure and ensure its future sustainability is paramount," said chairperson David Brown.

The colliery employs nearly 550 people, including 258 contractors.
 

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

 
 
 

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
7 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

Money Clinic

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

Voting Booth

Would you buy the FNB branded smartphone?

Previous results · Suggest a vote

Loading...