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COAL OF AFRICA LIMITED - Resignation of Director

Release Date: 29/11/2012 09:24
Code(s): CZA     PDF:  
Wrap Text
Resignation of Director

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                                                                                                                                                             29 November 2012


Directorate Change

Coal of Africa Limited (“the Company” or “CoAL”) announces Mr Wayne Koonin, Finance Director, has
today resigned as a Director with immediate effect, to pursue other interests. Mr Koonin will remain
employed by the Company for a period of four months until 31 March 2013, to assist with the transition of
responsibilities.

David Brown, Chairman of CoAL, said: "On behalf of the Board, I would like to thank Wayne for his
commitment and contribution in what has been a difficult and challenging two year period for the Company
and wish him well for the future. Wayne’s ongoing association with the Company will provide continuation
during the transition phase. The Company has begun the process of selection for a successor and will
advise on developments when appropriate.”


Authorised by
JOHN WALLINGTON
Chief Executive Officer
29 November 2012


For more information contact:
David Brown                                         Non-Executive Chairman                               Coal of Africa                                        +27 11 575 4363
John Wallington                                     Chief Executive Officer                              Coal of Africa                                        +27 11 575 4363
Sakhile Ndlovu                                      Investor Relations                                   Coal of Africa                                        +27 11 575 6858

Company advisors:
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).




7961004/1 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, 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

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