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SAH - SACMH - Reduction in Production

Release Date: 19/04/2012 09:08
Code(s): SAH
Wrap Text

SAH - SACMH - Reduction in Production South African Coal Mining Holdings Limited (Incorporated in the Republic of South Africa) Registration number 1994/009012/06 Share code: SAH ISIN: ZAE000102034 ("SACMH" or "the company") REDUCTION IN PRODUCTION Shareholders are advised that the company has not yet received environmental approval to commence mining at the Voorslag resource. The required applications in this regard were submitted to the Department of Water Affairs and Forestry last year. It was expected that approval would be given by March 2012. Mining at the Vlakfontein opencast operations has been completed. With the production presently limited only to Mooifontein Underground resource, the mining production is expected to be reduced to about 40,000-50,000 per month. Considering the prevailing scenario, the company is embarking upon a cost reduction exercise to offset the impact of lower volumes until such time as the necessary approvals are received. 19 April 2012 Johannesburg Sponsor Exchange Sponsors Media contact: Renay Tandy NGAGE Public Relations 011 867 7763 082 562 5088 renay@ngage.co.za Date: 19/04/2012 09:08:01 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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