Strategic Natural Resources PLC (SNR) announced that Coal of Africa Ltd. (CoAL) has purchased additional shares, taking its total shareholding in SNR to 15%. SNR is initiating exports of coal from the Elitheni mine at Indwe in the Eastern Cape of South Africa. Both coal companies will also be coordinating engineering efforts on the development of generic smaller mine mouth independent power projects, such as the one being developed at Elitheni at Indwe by IPSA Group plc. SNR said it is convinced that the future of electricity network expansion in South Africa is linked to the production of new coal reserves tied to independent power producers and that SNR is well positioned to use its coal for new power plants.
