[miningmx.com] – COAL of Africa (CoAL) said the South African government had approved the disposal of its Opgoedenhoop mineral right, a property it plans to sell for R20.4m.
David Brown, CEO of CoAL, said the company had received a R5m deposit for the mineral right from an indisclosed buyer, with the balance of the consideration payable within 12 months.
“The successful completion of the sale of Opgoedenhoop concludes another aspect of the five-point turnaround strategy,’ said Brown in a statement.
