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    coal investing

    South African government expected to lift suspension of Coal of Africa Vele project

    Investing News Network
    Oct. 15, 2010 08:40AM PST
    Industrial Metals

    Coal of Africa Ltd., ( ASX:CZA) the Australian miner of the fuel, said it expects the South African government in the next few weeks to approve the restart of operations at its Vele project in the country’s Limpopo province. “It could be as soon as a couple of weeks,” Director Peter Cordin said in an interview […]

    Coal of Africa Ltd., ( ASX:CZA) the Australian miner of the fuel, said it expects the South African government in the next few weeks to approve the restart of operations at its Vele project in the country’s Limpopo province.

    “It could be as soon as a couple of weeks,” Director Peter Cordin said in an interview at the company’s annual general meeting in Perth today. “The minister and the director general have both given us assurances that the result will be positive.”

    For the full story, click here.

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