Coal of Africa Climbs in Johannesburg on Vele Water License

Bloomberg reported that the value of Coal of Africa (ASX:CZA) is up after the company received a water license for its Vele project.

The market news is quoted as saying:

Coal of Africa, based in Perth, Australia, advanced by 11 percent to 9.80 rand by 12:20 p.m. in Johannesburg. The company climbed 6.9 percent to 89.5 pence in London trading.

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