South Africa-based miner Coal of Africa (CoAL) has announced another strategic milestone in its strategy to grow into a significant coking coal producer in the region, providing an update to its resource and reserve estimates for the prospecting areas in its Greater Soutpansberg project, located in the Limpopo Province of South Africa.
Coal of Africa stated that the estimated coal resources in the Greater Soutpansberg project have increased by more than 1.3 billion mt due to the additional assets acquired.
The Greater Soutpansberg project is a consolidation of nine potential coking and thermal coal assets in the Soutpansberg coalfield, several of which were held under prospecting rights held by the companies whose shares were acquired from Rio Tinto and Kwezi Mining in May 2012.