The Transaction remains subject to certain conditions precedent including amongst others the approval of the Transaction by CoAL shareholders which is being sought at the Company’s General Meeting to be held on 15 June 2017. David Brown, Chief Executive Officer of CoAL, commented: "approval from the Competition Commission represents an important milestone in the process of securing completion of the Transaction. We continue to make positive progress and work towards satisfaction of the outstanding conditions as soon as possible and will provide an update on expected timing of completion following CoAL’s upcoming General Meeting".