To view the PDF file, sign up for a MySharenet subscription.

COAL OF AFRICA LIMITED - Coal of Africa commences Section 189A process at Mooiplaats

Release Date: 07/11/2012 12:20
Code(s): CZA     PDF:  
Wrap Text
Coal of Africa commences Section 189A process at Mooiplaats

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                                            07 November 2012



Coal of Africa commences Section 189A process at Mooiplaats


Coal of Africa (“CoAL” or the “Company”) confirms that it has commenced a formal Section 189A process in
terms of the Labour Relations Act at the Mooiplaats Colliery (“Mooiplaats” or the “Colliery”).

The key focus of the restructuring will be to move the operation to sustainability. Affected parties will be
engaged through a formal consultative process.

Authorised by
JOHN WALLINGTON

Chief Executive Officer
7 November 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 89 322 6776
Sakhile Ndlovu                                          Investor Relations                                     Coal of Africa                                        +27 11 575 6858
Jos Simson/Emily Fenton                                 Financial PR (United Kingdom)                          Tavistock                                             +44 20 7920 3150
Chris Sim/Neil Elliot                                   Nominated Adviser                                      Investec Bank plc                                     +44 20 7597 5970
Robert Smith                                            JSE Sponsor                                            Investec Bank Limited                                 +27 11 286 7000
Charmane Russell/Jane Kamau                             Financial PR (South Africa)                            Russell & Associates                                  +27 11 880 3924 or
                                                                                                                                                                     +27 82 372 5816
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, including CoAL’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 1.6 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.

AU: Level 1 Old Swan Brewery, 173 Mounts Bay Road, Perth WA 6000, Australia, Tel: +61 8 9322 6776, Fax: +61 8 9322 6778, Email: perth@coalofafrica.com, CAN 008 905388
ZA: 2nd Floor, Gabba Building, The Campus, 57 Sloane Street, Bryanston, Johannesburg, South Africa 2021, Tel: +27 11 575 4363, Fax: +27 11 576 7484, Email: adminza@coalofafrica.co.za
UK: 5th Floor, 33 St. James’s Street, London, SW1A 1HD, United Kingdom, Tel: +44 (0) 20 7839 8840, Fax: +44 (0) 20 7004 0959


David H. Brown - Chairman, John N. Wallington - Chief executive officer, Wayne G. Koonin - Financial director, Professor N. A. Nevhutanda - Corporate affairs director, Bernard R. Pryor - Non-executive director,
Peter G. Cordin - Non-executive director, Khomotso B. Mosehla - Non-executive director, Dave J. K. Murray - Non-executive director, Rudolph H. Torlage - Non-executive director

Date: 07/11/2012 12:20:00 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.

Share This Story