Coal of Africa plummets after Save Mapungubwe coalition withdrawal

South African mining company Coal of Africa's share price plummeted on Monday morning following news that the Save Mapungubwe Coalition had withdrawn from a Memorandum of Understanding with the company.

South African mining company Coal of Africa's share price plummeted on Monday morning following news that the Save Mapungubwe Coalition had withdrawn from a Memorandum of Understanding with the company.

The Memorandum of Understanding was signed in November 2011 committing both parties to working together and strengthening cooperation in the interest of sustainable development and the preservation and protection of the Mapungubwe Cultural Landscape in the Northeast of South Africa.

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