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BEE Companies to Acquire 26% Stake in Coal of Africa Project
Feb. 06, 2012 09:36AM PST
Industrial MetalsPlatts reported that Coal of Africa (ASX:CZA) has agreed with Black Economic Empowerment investors on an ownership structure for the Chapudi project.
Platts reported that Coal of Africa (ASX:CZA) has agreed with Black Economic Empowerment investors on an ownership structure for the Chapudi project.
As quoted in the market news:
CoAL said it had entered into definitive agreements with BEE companies, Rothe Investment and Vibrant Veterans as well as King Makhodo Holdings, a company representing the local communities near the project, to acquire a 26% stake in CoAL’s subsidiary, Keynote Trading & Investment 108 Proprietary.
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