CoAL to buy Rio Tinto’s Chapudi project for $75m

Mining Weekly.com reports that Coal of Africa (ASX:CZA) intends to buy the Chapudi Coal project from Rio Tinto (NYSE:RIO).

The editorial  is quoted as saying:

The acquisition of the Chapudi coal project provided CoAL with an additional one-billion tons of Joint Ore Reserves Committee compliant resource, of which 90-milion tons is in the measured category, 220-million tons in the indicated category, and 730-million tons in the inferred category.

To access the full editorial, click here.