COAL OF AFRICA LIMITED - Coal of Africa granted Opgoedenhoop Section 11 approval

Coal of Africa granted Opgoedenhoop Section 11 approval

Coal of Africa Limited
(Incorporated and registered in Australia)
Registration number ABN 008 905 388
ISIN AU000000CZA6
JSE/ASX/AIM share code: CZA
("CoAL or the "Company" or the "Group")

ANNOUNCEMENT                                                                                                                                                            

27 March 2014


COAL OF AFRICA GRANTED OPGOEDENHOOP SECTION 11 APPROVAL


Coal of Africa Limited (the “Company" or "CoAL") is pleased to announce that Section 11 approval has
been granted by the Department of Minerals Resources (“DMR”) for the disposal of the Opgoedenhoop
mineral right. The consideration for the sale is R20.4 million and the deposit of R5 million has been
received by the company. The balance of the consideration will become payable within 12 months.


David Brown, Chief Executive Officer stated: “The successful completion of the sale of Opgoedenhoop
concludes another aspect of the five-point turnaround strategy.”




For more information contact:
David Brown                                 Chief Executive Officer                               Coal of Africa                                        +27 10 003 8000
Michael Meeser                              Chief Financial Officer                               Coal of Africa                                        +27 10 003 8000
Celeste Harris                              Investor Relations                                    Coal of Africa                                        +27 10 003 8038
Tony Bevan                                  Company Secretary                                     Endeavour Corporate Services                          +61 8 9316 9100

Company advisors:
Jos Simson/Emily Fenton                     Financial PR (United Kingdom)                            Tavistock                                          +44 20 7920 3150
Chris Sim/Jeremy Ellis                      Nominated Adviser                                        Investec Bank plc                                  +44 20 7597 5970
Charmane Russell/Jane Kamau                 Financial PR (South Africa)                              Russell & Associates                               +27 11 880 3924 or
                                                                                                                                                        +27 82 372 5816
Investec Bank Limited is the nominated JSE Sponsor

About CoAL:
CoAL is an AIM/ASX/JSE listed coal exploration, development and mining company operating in South Africa. CoAL’s key projects include the Vele
Colliery (coking and thermal coal), the Greater Soutpansberg Project/MbeuYashu, including CoAL’s Makhado Project (coking and thermal coal).




AU: Coal of Africa Limited, Suite 8, 7 The Esplanade, Mount Pleasant, Perth WA 6153, Australia, Tel: +61 8 9316 9100, Fax: +61 8 9316 5475
ZA: South Block, Summercon Office Park, Cnr Rockery Lane and Sunset Avenue, Lonehill, 2191, Tel: +27 10 003 8000 Fax: +27 11 388 8333 Email: adminza@coalofafrica.com

Bernard R. Pryor – Interim Chairman, David H. Brown – Chief Executive Officer , Michael G. Meeser – Chief Financial Officer
Non-executive directors: Peter G. Cordin, Khomotso B. Mosehla , David J. K. Murray, Rudolph H. Torlage

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