COAL OF AFRICA LIMITED - Minister lifts the appeal against Integrated Water Use Licence at Makhado Project

Minister lifts the appeal against Integrated Water Use Licence at Makhado Project

 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                                                                                   29 May 2017


     MINISTER LIFTS THE APPEAL AGAINST INTEGRATED WATER USE LICENCE AT MAKHADO
                                                   PROJECT


Coal of Africa Limited (“CoAL” or the” Company”) is pleased to advise that the suspension of the Integrated
Water Use Licence (“IWUL”) for the Makhado Project has been lifted by the South African Minister of the
Department of Water and Sanitation (“DWS”), Ms Nomvula Mokonyane.


In April 2016, an appeal was lodged against the decision by the DWS to grant an IWUL to Baobab Mining and
Exploration (Pty) Ltd (‘Baobab”) for Makhado in terms of Section 41 of the South African National Water Act
(Act 36 of 1998) (‘the Act’). Following representation by the company in May 2016 and February 2017, the
Minister exercised her discretion and lifted the suspension in terms of Section 148 (2) (B) of the Act. The
IWUL is now executable. The appellants have the opportunity to voice their concerns through the Water
Tribunal.


The lifting of the appeal by the Minister and the recently announced finance facility by the IDC are key steps in
the advancing of the Makhado Project.


Chief Executive officer of CoAL said, “The lifting of the suspension of the IWUL by the Minister is welcomed
as this decision completes the suite of regulatory authorisations required for the Makhado Project. It further
confirms government’s support for the Makhado Project and its potential to drive sustainable socio-economic
transformation. We will continue to work with all parties to ensure that the matter is completed satisfactorily,
and furthermore to secure the remaining surface rights.”


Authorised by
David Brown
Chief Executive Officer


For more information contact:
David Brown                                                     Chief Executive Officer                              Coal of Africa                  +27 10 003 8000
De Wet Schutte                                                  Chief Financial Officer                              Coal of Africa                  +27 10 003 8000
Celeste Riekert                                                 Investor Relations                                   Coal of Africa                  +27 10 003 8000
Tony Bevan                                                      Company Secretary                                    Endeavour Corporate Services    +61 08 9316 9100

Company advisors:
Matthew Armitt/Ross Allister                                    Nominated Adviser and Broker                         Peel Hunt LLP                  +44 20 7418 8900

Jos Simson/Emily Fenton                                         Financial PR (United Kingdom)                        Tavistock                      +44 20 7920 3150

Charmane Russell/Olwen Auret                                    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 – Chairman, David H. Brown – Chief Executive Officer De Wet O.Schutte - Chief Financial Officer
Non-executive directors: Peter G. Cordin, Andrew D. Mifflin, Khomotso B. Mosehla , Thabo F. Mosololi, Rudolph H. Torlage, Shangren Ding

Date: 29/05/2017 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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