Coal of Africa Shares Rise on Quarterly Update

Mining Weekly reported that the shares of Coal of Africa Ltd. (LSE:CZA) rose by more than 3 percent following the company’s release of a quarterly update.

As quoted in the market news:

The project highlight of the latest quarterly update for the three months to December 31 was the completion by Sedgman of the front end engineering and design process for the Vele colliery, for which environmental authorisation has been received and a biodiversity offset agreement signed with the Department of Environmental Affairs and South African National Parks.

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