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Notice of Substantial Holdings

Release Date: 03/07/2012 11:44
Code(s): CZA
Wrap Text
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")


NOTICE OF SUBSTANTIAL HOLDINGS IN COMPANY




The Company was notified on 2 July 2012 by M&G Investments
(a''M&Ga'') that, as at 28 June 2012 M&G held 119,670,000 ordinary
shares of nil par value each in the Company, representing
17.96 per cent of the Company's issued share capital. AUTHORISED BY: Shannon Coates Company Secretary 03 July 2012 For more information contact John Wallington Chief Executive Officer Coal of Africa +27 11 575 4363 Wayne Koonin Financial Director Coal of Africa +27 11 575 4363 Shannon Coates Company Secretary Coal of Africa +61 893 226 776 Chris Sim/ Jeremy Ellis/ Neil Elliot Nominated Adviser Investec Bank plc +44 20 7071 4300 Jos Simson/Emily Fenton Financial PR (United Kingdom) Tavistock +44 207 920 3150 Ruben Govender JSE Sponsor J.P. Morgan Equities Limited +27 11 507 0430 Charmane Russell/Jane Kamau Financial PR (South Africa) Russell & Associates +27 11 880 3924 +27 82 372 5816 www.coalofafrica.com About CoAL:
CoAL is an AIM/ASX/JSE listed coal exploration, development
and mining company operating in South Africa. CoALa''s key
projects include the Vele Colliery (coking and thermal coal),
the Greater Soutpansberg Project, including CoALa''s Makhado
Project (coking coal) and the Mooiplaats and Woestalleen Collieries (both thermal coal).
The Mooiplaats Colliery commenced production in 2008 and is
currently ramping up to produce 2 Mtpa. 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 run-of-mine (ROM) feed tonnes per month.
CoALa''s Vele Colliery commenced production in Q1 2012. During
the initial phase, the operation is targeting 2.7 Mtpa ROM
production to produce 1.0Mtpa of saleable coking coal. The
Makhado Project, CoAL's flagship project in the Soutpansberg
coalfield, is well into the feasibility stage, with a
Definitive Feasibility Study having been reviewed by the CoAL
Board in March 2012. An application for a New Order Mining
Right for the Makhado Project was submitted in January 2011.
In May 2012, CoAL acquired the Chapudi coal project and
several other coal exploration properties in the Soutpansberg
coal basin in South Africa, subsequently renamed the Greater
Soutspansberg Project, from the previous owners, including Rio
Tinto. The Greater Soutpansberg Project is a consolidation of
nine potential coking and thermal coal assets grouped into
three proximate regions, namely Mopane, Makhado and Chapudi.
The acquisition of these assets strengthens Coal of Africaa''s
position as one of the most substantial holders of prospecting
and mining rights for coking coal in South Africaa''s Soutpansberg coalfield.
Date: 03/07/2012 11:44:00 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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