African Energy to spin-out coal assets

AFRICAN Energy Resources, which has spent the past few months putting together an Australian copper and gold focus, has finally decided what to do with its legacy coal interests in Botswana.

African Energy to spin-out coal assets African Energy to spin-out coal assets African Energy to spin-out coal assets African Energy to spin-out coal assets African Energy to spin-out coal assets

AFR is now focused on Australia

It has elected to conduct a pro-rata in-specie distribution of shares in an unlisted spin-out vehicle, which will manage the "relatively low" capital requirements for the 100%-owned Mmamantswe and