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.