Zero revenue for Coal of Africa

HAVING all of the operating assets on care and maintenance will put a crimp in any company’s finances and it has proved no different for Coal of Africa.

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Zero revenue for Coal of Africa Zero revenue for Coal of Africa Zero revenue for Coal of Africa Zero revenue for Coal of Africa Zero revenue for Coal of Africa

The Vele colliery, one of several Coal of Africa has on care and maintenance.

The company’s operations were on care and maintenance through the 2016-17 financial year, yet it still managed to reduce its loss for the year to $10.2 million – down from the $13.

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