Coal of Africa Proposes Placing Mooiplaats Colliery on Care and Maintenance

The company’s efforts to improve productivity and establish profitable operations at Mooiplaats, including capital investment, have been hampered by the global downturn in thermal coal prices over the last year. The situation has been exacerbated by the inability of the colliery to ramp up production to achieve required targets due to poor operational performance and challenging geological conditions. Consequently the company has continued incurring an unacceptable level of operational losses.