Coal of Africa signs coal trading deal

Coal of Africa (CoAL) jumped over 10 per cent after it announced a marketing deal designed to boost exports of its coking and thermal coal.

Coal of Africa (CoAL) jumped over 10 per cent after it announced a marketing deal designed to boost exports of its coking and thermal coal.

The firm said it had signed a binding memorandum of understanding with the Vitol Group, making it the company's exclusive marketing agent for all export thermal and coking coal for eight years.

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