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CZA - Coal of Africa Limited - Headline loss per share for the half-year

Release Date: 15/03/2012 16:15
Code(s): CZA
Wrap Text

CZA - Coal of Africa Limited - Headline loss per share for the half-year ended 31 December 2011 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") HEADLINE LOSS PER SHARE FOR THE HALF-YEAR ENDED 31 DECEMBER 2011 Pursuant Paragraph 18.19 (c) of the JSE Limited Listings Requirements, set out below is Headline loss per share for the half-year ended 31 December 2011 and the related disclosure: December December 2011 2010 Headline Loss Reconciliation Loss after tax for the period attributable to ordinary shareholders -74 694 -66 539 Diminution in value of assets and investments 1 927 11 384 Headline loss after tax for the period attributable to ordinary shareholders -72 767 -55 155 Headline loss per share (cents per shares) -13.02 -10.40 15 March 2012 For more information contact: John Wallington Chief Executive Officer Coal of Africa +27 11 575 7423 Wayne Koonin Financial Director Coal of Africa +27 11 575 6797 Shannon Coates Company Secretary Coal of Africa +61 893 226 776 Sakhile Ndlovu IR & PR Manager Coal of Africa +27 11 575 6858 or 27 83 306 7058 Chris Sim/Jeremy Ellis/Neil Elliot Nominated Adviser Investec Bank plc +44 20 7071 4300 Jos Simson/Emily Fenton Financial PR Tavistock +44 207 920 3150 Charmane Russell/Jane Kamau Financial PR S.Africa Russell & Associates +27 11 880 3924 +27 82 372 5816 www.coalofafrica.com Ruben Govender Sponsor J.P. Morgan Equities Limited +27 11 507 0430 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 Makhado Project (coking coal) and the Mooiplaats and Woestalleen Collieries (both thermal coal). The Mooiplaats Colliery commenced production in 2008. The Woestalleen Colliery, acquired through the acquisition of NuCoal Mining (Pty) Limited in January 2010, currently processes approximately 2.5Mtpa of saleable coal for domestic and export markets. The Woestalleen Complex also incorporates three beneficiation plants with a total processing capacity of 350,000 ROM feed tonnes per month. CoAL`s Vele Colliery commenced production in Q3FY2012. During the initial phase, the operation is targeting 2.7Mtpa ROM production to produce 1Mtpa of saleable coking coal. The Makhado Project, CoAL`s flagship project in the Soutpansberg coalfield, is well into the feasibility stage, with a DFS completed. Application for a new order mining right for the Makhado Project was submitted in January 2011. In November 2010, CoAL agreed to acquire the Chapudi coal project and several other coal exploration properties in the Soutpansberg coal basin in South Africa from the previous owners, including Rio Tinto. Upon completion, the acquisition of these projects will significantly extend the scale and scope of certain of CoAL`s existing projects in the region and will more than double the resource of the existing Makhado Project. Date: 15/03/2012 16:15:01 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.

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