[miningmx.com] – Coal of Africa (CoAL) said it had achieved another
milestone in becoming a 10-million-tonne-per-year coking coal producer in 10 years
after drilling of its Soutpansberg properties revealed a huge increase in in-situ
resources.
Gross in-situ resources now stood at nearly 8 billion tonnes from 1.5 billion tonnes
reported previously. The increase was partly owing to the inclusion of the Chapudi
property bought from Rio Tinto and Kwezi Mining recently.
The Soutpansberg assets also include Makhado, a property neighbouring Chapudi.
CoAL now divides its consolidated Soutpansberg prospects in three sections: Mopane,
Chapudi and Makhado, it said. Mineable tonnes increased to about 2 billion tonnes
from 648Mt.
“With this platform in place, the company is well positioned to achieve its goal of
creating a world-class coking coal business, producing in excess of 10Mtpa of saleable
coking coal over the next 10 years,’ said John Wallington, CEO of CoAL.
