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    coal investing

    CoAl Six-Week Old Strike Ends

    Investing News Network
    Nov. 02, 2012 03:48AM PST
    Industrial Metals

    Mining Weekly reported that Coal of Africa Limited (CoAL) has announced that a six-week old strike at the Mooiplaats colliery has ended. This is the latest in a series of troubling labour unrest in the region, which has resulted in lower production and lower sales.

    Mining Weekly reported that Coal of Africa Limited (CoAL) has announced that a six-week old strike at the Mooiplaats colliery has ended. This is the latest in a series of troubling labour unrest in the region, which has resulted in lower production and lower sales.

    As quoted in the market report:

    The Mooiplaats colliery, near Ermelo, suffered a six-week wage-related strike, which resulted in the company declaring “force majeure” on September 25.

    To view the whole Mining Weekly report, click here. 

    coal investing
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