Coal of Africa nearing revenue phase

COAL of Africa has produced its first run-of-mine thermal coal from its key wholly owned Mooiplaats project in South Africa as the company reported a cash position of $A202 million and no debt by the end of 2008.

Coal of Africa nearing revenue phase Coal of Africa nearing revenue phase Coal of Africa nearing revenue phase Coal of Africa nearing revenue phase Coal of Africa nearing revenue phase

Revealed in its 2008 December quarter activities statement, the junior has now received and put into operation its second continuous miner and said the washing plant should be ready by March in time

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