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Acacia Coal keeps up RAC pace

Acacia Coal (AU:AJC) hasn’t broken stride at its recently-acquired Riversdale anthracite colliery (RAC) project in KwaZulu-Natal, South Africa, publishing an updated JORC resource as a starter before the main course prefeasibility study is released early next month.

Acacia Coal keeps up RAC pace Acacia Coal keeps up RAC pace Acacia Coal keeps up RAC pace Acacia Coal keeps up RAC pace Acacia Coal keeps up RAC pace

Acacia Coal is hoping to become a supplier to South Africa’s ferrochrome industry (photo: Etimet)

The company only acquired the asset from Rio Tinto (LN:RIO) at the back end of last year, but it is already setting its sights on getting into development in the near-term.

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