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COAL OF AFRICA LIMITED - Coal of Africa Limiteds response to Save Mapungubwe Coalitions withdrawal from the Memorandum of Understanding

Release Date: 10/12/2012 07:30
Code(s): CZA     PDF:  
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Coal of Africa Limited’s response to Save Mapungubwe Coalition’s withdrawal from the Memorandum of Understanding

Coal of Africa Limited
Incorporated and registered in Australia
(Registration number ABN 008 905 388
ISIN AU000000CZA6
JSE/ASX/AIM share code: CZA
(“Coal of Africa” or “the company”)

ANNOUNCEMENT               

10 December 2012

Coal of Africa Limited’s response to Save Mapungubwe Coalition’s withdrawal from the
Memorandum of Understanding

Coal of Africa Limited (“CoAL” or “the Company”) advises that the Save Mapungubwe Coalition
(“the Coalition”) has confirmed its withdrawal from the Memorandum of Understanding (“MoU”)
signed with CoAL on 24 November 2011. The Coalition and CoAL signed the MoU committing to
working together and strengthening cooperation in the interest of sustainable development and the
preservation and protection of the Mapungubwe Cultural Landscape.

In a public statement released on 7 December 2012, the Coalition stated that there is additional
information that highlights past and on-going non-compliance with water legislation at the Vele
Colliery (“Vele” or “the mine”), as well as existing detrimental impacts that now require
remediation. The Company is of the firm view that the basis on which the Coalition is withdrawing
and its allegations are inaccurate, which CoAL has addressed on numerous occasions with the
Coalition. In addition, the Coalition has to date not been to the Vele mine site in spite of the
numerous invitations from the company for it to visit in order to observe and appreciate the
systems introduced to manage the environment.

The mine is regularly audited by environmental authorities and to date has not received negative
feedback on environmental compliance. The Company is compliant with the requirements of the
Environmental Authorisation for the mine as evidenced by the consistent compliance record
exceeding 90% on environmental audits at the mine conducted by an independent environmental
control officer and independent environmental manager .This is a major achievement and
reflection of the success that we have attained through collaboration with various stakeholders.




CoAL reiterates that Vele has valid regulatory licenses and permits, including the Integrated Water
Use Licence, for all of its activities and production will continue as planned. In this regard, CoAL
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, 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
confirms that the Coalition’s withdrawal from the MoU will not have an impact on the daily
operations at the mine.

Coal of Africa looks forward to a constructive on-going working relationship with the Coalition in
the Environmental Management Committee (“the Committee”) established in terms of the
Environmental Authorisation for Vele. The Company would want the Coalition to utilise the
Committee constructively, as stated in their press release, to ensure compliance with
environmental, water and heritage legislation at Vele, and the preservation and protection of the
Mapungubwe Cultural Landscape.


Coal of Africa is pleased that the Committee and sub-committees are operating effectively and
include        representatives              from       the        relevant       government             departments,             non-governmental
organisations, municipalities, farming communities and other stakeholders.


Authorised by
JOHN WALLINGTON
Chief Executive Officer
10 December 2012


For more information contact:
David Brown                             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
Charmane Russell/James Duncan           Financial PR (South Africa)          Russell & Associates                +27 11 880 3924 or
                                                                                                                 +27 82 372 5816
Investec Bank Limited is the nominated JSE Sponsor
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).




                                                                                                                                                 
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