Coal of Africa Limited

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Coal of Africa Limited

Coal of Africa Limited - Mining companies in Africa
  • Year Founded: 2005
  • Key People: Chairman and Independent non-executive director - Bernard Pryor, CEO and executive director – David Brown, CFO and executive director – De Wet Olivier Schutte
  • Mined Resources:Coal
  • Operational Regions:Limpopo province, South Africa

Coal of Africa Limited – Coal Mining in South Africa

Coal of Africa Limited (CoAL) is a developing South African coal mining company. CoAL’s three main projects are the Vele Colliery, the Makhado Project and MbeuYashu, known as the Greater Soutpansberg Project. Because it has excellent access to port and rail infrastructure, the company can serve domestic and international markets and provide resources required for economic development and growth in the locations it operates from.

Operationans

CoAL has three collieries that are operational and also major thermal-coal and coking resources. The company’s assets include:Vele Colliery – A colliery located in the Limpopo province which started producing thermal coal in 2012. Vele’s target production is 2.7Mtpa ROM.Makhado Project – An opencast mine located in the Soutpansberg Coalfield in the Limpopo province. The project involves the resource being mined in this manner for a period of 16 years before exploring the potential of underground mining. This is CoAL’s most advanced project.MbeuYashu (The Greater Soutpansberg Project) – Also located in the Limpopo province, MbeuYashu has 1.7 billion mineable tonnes and 7.2 billion gross tonnes in resources.Tshipise Energy Gas Exploration Project – A coal bed-methane project aimed at establishing a flaring facility and a test well. The project will provide CoAL with compliance to the United Nations carbon-credit initiative.As in 2017 CoAL also still owns Mooiplaats Colliery, but it is in the process of being marketed as for sale.

Mission and Vision

CoAL is mainly focused on acquiring, exploring and responsibly developing cooking-coal and thermal projects in the Limpopo province of South Africa. The company’s strategy has four steps: • Attaining investors • Resolving asset restructuring • Confirming product quality • Securing project funding

Social Responsibility

CoAL is committed to developing and managing collieries and projects responsibly. The company actively works at complying with social and environmental legislation and engages with stakeholders transparently and regularly. While CoAL recognises the environmental impact mining has, it is mitigated through responsible actions. The company aims to make a positive social impact on the environment and in the communities that reside nearby its operational bases. Social relationships that promote constructive social and environmental development are established with the goal of fostering an enduring legacy for stakeholders. By engaging communities and strictly adhering to legislation a safe environment is created. The South African Colliery Managers Association and the Department of Mineral Resources have both recognised CoAL’s efforts at improving safety with awards.