[miningmx.com] – COAL of Africa (CoAL), the Johannesburg-listed coal development firm, said the process of identifying potential strategic partners to help it fund the Makhado coking coal project was “on track”.
“We expect to finalise this process and the necessary off-take agreements with
prospective customers by the end of H1 CY2016 [first half of the 2016 calendar year,’ said David Brown, CEO of CoAL.
He added that efforts to set aside an interim court interdict seeking to halt mining or construction at Makhado, which is in South Africa’s Limpopo province, would not affect the Makhado project construction timetable.
