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Thursday, 30 July 09
NAMANE OF SOUTH AFRICA IN SUDAN COAL DEAL, BUSINESS REPORT SAYS


Namane of South Africa in Sudan Coal Deal, Business Report Says


Namane Resources Ltd. of South Africa signed a coal-supply agreement with the National Electrical Corp. of Sudan, Business Report said.

Namane will provide the Sudanese utility with 1.6 million metric tons of coal a year over 36 years, the Johannesburg-based newspaper cited the company as saying.

Namane is a unit of Community Investment Holdings, which has been supplying National Electrical with prepaid electricity meters through a subsidiary, the newspaper said.

Namane has 3 billion tons of coal reserves in South Africa, it said.

Source: Bloomberg
 



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