COKAL GOES FOR COAL IN MOZAMBIQUE
6 September 2011,
GLOBAL metallurgical coal group Cokal has formed a joint venture to explore coal and develop mines in what is potentially Africa’s major coal producing country.
Cokal executive chairman Peter Lynch says the Brisbane-based company has signed a co-operation agreement with Mozambique government-owned corporation Empresa Moçambicana de Exploração Mineira (EMEM – Mozambique Mining Exploration Company).
“This follows the discovery of significant resources and reserves of hard coking coal preceded by major exploration programs by international mining companies including Vale and Riversdale.”