Coal Of Africa (LON:CZA) - Disruption at the Vele operations
Jan 23rd 2013 - Edison Investment Research today published a report on Coal of Africa (CZA.L, LSE:CZA, LON:CZA) entitled "Disruption At The Vele Operations". In summary, the report says:
On 22 January 2013, Coal of Africa announced that it was forced to stop production at its major opencast Vele operation due to the flooding caused by the severe rainfalls in the Limpopo province. The company guides a week of down time, but would not rule out operations to commence earlier as weather conditions have improved. At this stage, the production implications are likely to be minimal as the company will run down its saleable inventory, which is close to Vele’s weekly output.
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