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Coal of Africa raises US$106 million

Michael Allan McCrae | November 03, 2011 | 4:08 pm Energy Africa Europe Coal 

Coal of Africa (ASX:CZA) raised US$106 million after placing 130 million ordinary shares representing 24.4% of CoAL's issued share capital prior to the placing. Coal of Africa operates coalfields in the Mpumalanga Province in South Africa. It runs two collieries...

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