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Buffalo’s future uncertain as it awaits funding proposals for Aviemore adit project

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COAL
Coal producer Buffalo Coal is awaiting the submission of possible final offers from bidders interested in investing in its Aviemore mine, in KwaZulu-Natal. The mine has 18 months of life-of-mine (LOM) reserves left. To extend the LOM to 15 years, R445-million of additional capital is needed to open up a new adit at the mine.
 
 
 
 
 

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