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CZA - Coal of Africa Limited - Coal of Africa and Coalition sign MOU and commit to work together Coal of Africa Limited (previously "GVM Metals Limited") (Incorporated and registered in Australia) (Registration number ABN 008 905 388) ISIN AU000000CZA6 JSE/ASX/AIM share code: CZA ("CoAL or the "Company") COAL OF AFRICA AND COALITION SIGN MOU AND COMMIT TO WORK TOGETHER Coal of Africa Limited advises that the Company and the Save Mapungubwe Coalition (the Coalition), consisting of the Endangered Wildlife Trust, BirdLife South Africa, Wilderness Foundation South Africa, World Wide Fund for Nature South Africa, Mapungubwe Action Group and the Association of Southern African Professional Archaeologists (CoAL and the Coalition, together the Parties) have signed an historic Memorandum of Understanding (MOU), today, Thursday, 24 November 2011. In terms of the MOU, the Parties commit to work together and strengthen cooperation in the interest of sustainable development and the preservation and protection of the Mapungubwe cultural landscape. CoAL has undertaken to share all information relevant to the impacts of the Vele Colliery on the environment, including water and heritage resources. The negotiations will address, amongst others, further research, monitoring and modeling of the potential impacts of mining at the Vele Colliery and requisite amendments and improvements to Limpopo Coal`s approved environmental management plan (EMP) and water use license as may be agreed by the Parties. The Coalition has agreed to stay the legal proceedings and the administrative appeals against the New Order Mining Right, the EMP, the Integrated Water Use Licence and the section 24G authorisation subject to the signature of a Memorandum of Agreement (MOA) between the Parties by 31 January 2012. Pursuant to the conclusion of the MOA, the legal proceedings and administrative appeals against Vele Colliery will be withdrawn. The Parties will endeavour to facilitate participation by the Coalition regarding the terms of the biodiversity off-set agreement to be concluded between CoAL, the Department of Environmental Affairs and the South African National Parks. Coal of Africa CEO John Wallington welcomes the opportunity to engage with the Coalition, and reinforced the Company`s commitment to do the right thing and to engage openly and regularly with stakeholders. In the next step of the process, The Parties will now seek to conclude the MOA which will contain further detail concerning their commitments in managing the sustainable development of the Mapungubwe cultural landscape. The Parties have agreed to progress their discussions in good faith, with the aim of setting a new best practise benchmark for managing and mitigating the impacts of mining and related activities at the Vele Colliery on the environment. 24 November 2011 Johannesburg JSE Sponsor Macquarie First South Capital (Pty) Ltd For more information contact: Shannon Coates Company Secretary Coal of Africa +61 893 226 776 Sakhile Ndlovu Investor Relations Manager Coal of Africa +27 11 575 4363 Chris Sim/ Romil Patel Nominated Adviser Evolution Securities +44 20 7071 4300 Jos Simson/Emily Fenton Financial PR Tavistock +44 207 920 3150 Melanie de Nysschen/ Annerie Britz/ Yvette Labuschagne JSE Sponsor Macquarie +27 11 583 2000 Charmane Russell/James Duncan Financial PR (South Africa) Russell & Associates +27 11 880 392 +27 82 372 5816 Date: 24/11/2011 11:00:24 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
