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Coal of Africa shares fall

Companies

Johannesburg- Johannesburg-listed shares of Coal of Africa fall more than 2 percent after the junior mining company suspends operations at its Vele colliery in South Africa following heavy rains and flooding at the mine.

Coal of Africa, also listed in London and Australia, says Vele operations are likely to resume in about seven days, subject to receding rainfall.

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031110 A new study has found that SA coal reserves have been significantly downsized since 2003.photo by Simphiwe Mbokazi 453

At 10:34 SA time, its shares are down 2.25 percent at 3.04 rand, compared with a 0.51 percent fall in the All-Share index. - Reuters

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