Australia’s Cokal partners Mozambican state company for coal prospecting

14 July 2011

Brisbane, Australia, 14 July – Australian company Cokal and Mozambican state mining company Empresa Moçambicana de Exploração Mineira (EMEM) have set up partnership to explore and develop mining projects, particularly for coal, the company’s chairman, Peter Lynch said.

Cokal is a Brisbane-based company whose shares are listed on the Australian stock exchange and currently explored mines in Kalimantan, in Tanzania, and in the Australian basins of Clarence-Moreton, Surat and Bowen.

Noting that Mozambique would become Africa’s main supplier of coal, Lynch said that the partnership follows the discovery of large coal reserves by Brazilian company Vale and Australia’s Riversdale Mining.

Cokal’s chief executive, Pat Hanna, said, in his turn, that his experience in Mozambique made him confident that metallurgical coal will be identified and explored in the emerging coal basin.

Cokal was established in 2011 after Jack Doolan Capital (JDC) was acquired in 2010 by listed company Altera Resources (AEA) and the board of JDC took control of AEA and decided to change the company’s name. (macauhub)