Coal Of Africa (LON:CZA) - Vele is back on track

Thursday, Oct 27 2011 by

Oct 27th 2011 - Edison Investment Research today published a report on Coal of Africa (CZA.L, LSE:CZA, LON:CZA) entitled "Vele Is Back On Track". In summary, the report says:

Coal of Africa has announced that the suspension of the water licence at Vele has been lifted, allowing the company to move ahead with commissioning. With the first coal expected in Q112, Vele will provide crucial support to company’s cash flow, compensating for the decline in coal output as Woestalleen’s resource is depleting.

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