24/06/2013 - 14:57

ZYL backs out of mine buy

24/06/2013 - 14:57

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Coal miner ZYL’s stock plunged on the ASX today, after it told the market it would no longer proceed with the purchase of a mine in South Africa. ZYL said a $5.6 million capital raising, which was to be used to fund the acquisition of the Mbila anthracite project, would also no longer take place.

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