CoAL’s Brown sets out ‘sustainable future’

[miningmx.com] – DAVID Brown, executive chairperson of Coal of Africa (CoAL), set down a long-term strategy for the coal company which requires it to become a development company, said BDLive.

BDLive cited Brown’s comments in CoAL’s recently published annual report in which he wrote: “We now have a strategy for a sustainable future in which Coal of Africa will be a viable coal producer generating value for all its stakeholders.

“Our future lies largely in developing and working the considerable resources we have on the Soutpansberg coalfield that will deliver metallurgical and thermal coal to international and domestic customers.

“As these developments get under way, we shall ensure that they are funded using appropriate blends of debt and equity finance from new and existing partners”.

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