Media coverage

8 MAY 2014

Coal of Africa receives business interruption insurance claim

Source: www.miningreview.com
Author: Kim Jansen

Coal of Africa Limited announced has been advised by Transnet Freight Rail of a derailment of 10 wagons on the Maputo rail corridor between Tenga and Matola Gare that led to all rail traffic between Komatipoort and Maputo being suspended for a period of 7 weeks.

Accordingly, Coal of Africa communicated that its subsidiaries at the time, Limpopo Coal Company or, Langcarel and NuCoal Mining issued force majeure notices to their customers, contractors and other affected stakeholders.

Due to the force majeure Coal of Africa was able to negotiate a business interruption claim for the affected time period.