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International

Coal of Africa receives $1.5 million in business interruption insurance claim

May 13, 2014 Reprints

Coal of Africa Ltd. has said it has received an insurance payout of around 16 million South African rands ($1.5 million) as part of a business interruption claim following a force majeure in 2013, reports Mining Weekly.

A train derailment on the Maputo rail corridor in Mozambique had led to rail traffic between Komatipoort, South Africa, and Maputo, Mozambique, being suspended for some time, leaving Coal of Africa unable to delivering product to partners.

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Coal of Africa receives $1.5 million in business interruption insurance claim

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