Colliery sold

AFTER announcing yesterday that it had reported zero revenue for the 2016-17 financial year, Coal of Africa has told the market it has sold one of its collieries.

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Coal of Africa has signed a deal to sell its Mooiplaats colliery.

The Australian Securities Exchange-listed African focused coal producer sold its Mooiplaats colliery in South Africa for an aggregate price of 179.9 million rand ($A16.9 million) to MCH.

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