Coal of Africa Climbs Most in Eight Months After Securing Vele Coal Permit

Bloomberg reported that shares of Coal of Africa (ASX:CZA) were up on news it had received a permit to resume mining at the Vele project.

The market news is quoted as saying:

The stock advanced 1.20 rand, or 15 percent, to 9.29 rand as of 9:03 a.m. in Johannesburg, the biggest intraday increase since Nov. 12.