Mining Weekly reported that Hong-Kong based HEI has received the green light from Chinese authorities and will go ahead with their subscription for $100-million Coal of Africa Limited’s (CoAL’s) shares, listed on the JSE, ASX and Aim.
As quoted in the market report:
The deal was HEI’s first investment outside of China and would see the company owning a 23.6% stake in the South African mining house.
