[miningmx.com] – THE proposed sale of Mooiplaats Colliery, a coal operation in South Africa’s Mpumalanga province, to Blackspear Capital for R250m has collapsed, said Coal of Africa (CoAL).
CoAL had extended a sale and purchase agreement on several occasions with the latest deadline for closure of the deal expiring on June 30.
“The company is continuing discussions with various parties regarding the sale of the Mooiplaats asset,” CoAL said in an announcement, adding that Blackspear Capital would also prepare a new bid for Mooiplaats.
