03/09/2008 - 11:39

Ezenet looks into coal acquisitions

03/09/2008 - 11:39

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The skyrocketing popularity of bulk commodity coal has Nedlands-based internet technology developer Ezenet Ltd taking a closer look at coal tenements in Malawi.

The skyrocketing popularity of bulk commodity coal has Nedlands-based internet technology developer Ezenet Ltd taking a closer look at coal tenements in Malawi.

The wholly owned resources arm of the company, E-Resources Pty Ltd, has signed an exclusive agreement to carry out due diligence on the Mchenga Coalfield and the Ngana Goldfield in the Northern coalfield region of the country.

The exclusive period is eight week at which time E-Resources has the right to elect to acquire some or all of the interests on terms to be agreed upon.

E-Resources was established by Ezenet in April last year to hold existing interests and progress new mineral investment opportunities

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