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COAL OF AFRICA LIMITED - Mooiplaats employees re-instated

Release Date: 13/12/2012 11:00
Code(s): CZA     PDF:  
Wrap Text
Mooiplaats employees re-instated

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 
13 December 2012

178 Mooiplaats employees re-instated

Coal of Africa Limited (“the Company”) advises that it has signed a Memorandum of Understanding
(“MOU”) with the National Union of Mineworkers (“NUM”) relating to the dismissal on 6 December 2012 of
178 employees of the Company’s Mooiplaats mine. In terms of the MOU, the Company has agreed to re-
instate the employees on the following terms:

     •      without pay for the period 3 to 12 December 2012 inclusive;

     •      all 178 will be issued with final written warning letters, valid for one year, for engaging in un-
            procedural industrial action;

     •      resumption of their normal shifts from 06:00 on 13 December 2012; and

      •     all pending disciplinary cases will follow due process

The Company expects to return to normal production by the end of next week. The copy of the MOU is
available on the Company’s website – www.coalofafrica.com

Authorised by
JOHN WALLINGTON
Chief Executive Officer
13 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).




                 Suite 8,7 The Esplanade, Mt Pleasant, Perth WA 6153, Australia, Tel: +61 8 9316 9100, Fax: +61 8 9315 5475, 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

Date: 13/12/2012 11:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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