Central African Mining and Exploration Co Plc announced on Wednesday a resource estimate of 1.033 billion tonnes of coal for the exploration licence L871 in Mozambique.
The AIM-listed diversified producer said it has identified eleven coal zones on the licence and that its next step is to conduct a feasibility study to assess the production potential of the project.
The company said it is reviewing all options with a view to fully demonstrating the value of its coal assets to the market.
Source: Reuters
No comments:
Post a Comment