Continental Coal Finalizes Sale in VanMag for $10 Million

Mining Weekly reported that Continental Coal announced that they have sold their share of  in VanMag to a Chinese buyer for $10 million.

As quoted in the market report:

The South Africa-focused thermal coal production, development and exploration company used the proceeds to buy the minority interests in Mashala Resources that it did not already own, CEO Don Turvey said.

To view the whole Mining Weekly report, click here.