Coal of Africa Limited (CoAL) is primarily focused on the acquisition, exploration and responsible development of thermal and coking-coal projects in South Africa. The shift from being an exploration and development-stage company to an operating company was made in 2008 when mining operations started at the Mooiplaats thermal coal mine near Ermelo in Mpumalanga Province. Thereafter, in January 2010, CoAL completed the acquisition of the Nucoal Group, which included the Woestalleen colliery and processing plant.
CoAL has a pipeline of coking projects at various stages of exploration with the first of its coking-coal projects, Vele, undergoing extensive tests to confirm product quality. The colliery currently produces an export thermal product to supplement product from the Mpumalanga assets. CoAL has secured access to critical rail and port infrastructure through Maputo’s Matola coal terminal, and can effectively service growing domestic and international demand for coal.
Currently, CoAL is engaged in a four-pronged, medium-term turnaround strategy:
We will deliver on this strategy by:
- employing staff with appropriate skills and experience to bring projects on line safely, responsibly and cost-effectively;
- developing and operating our assets in compliance with the law; and
- active, regular and transparent consultation with our stakeholders to achieve mutually favourable outcomes.