[miningmx.com] – COAL of Africa’s (CoAL’s) newly appointed CEO, David Brown, may need R5.5bn to build the firm’s Makhado coking coal prospect, but he was the right calibre of manager to achieve it, said BDLive citing CoAL shareholder, Investec Asset Management.
Brown was “… of the calibre that he wouldn’t be there if he didn’t think it was a viable proposition,” said Richard Middleton, a portfolio at Investec Asset Management. Investec has just over 5% of CoAL shares.
Said Brown, formerly CEO of Impala Platinum: “It is a new challenge, but it’s one I’m very excited about — thanks largely to the company’s fantastic assets”.
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