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Mining exploration entity quarterly report
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")
Appendix 5B
Mining exploration entity quarterly report
Rule 5.3
Appendix 5B
Mining exploration entity quarterly report
Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001, 01/06/10.
Name of entity
Coal of Africa Limited
ABN Quarter ended ("current quarter")
98 008 905 388 30 June 2013
Consolidated statement of cash flows
Year to date
Cash flows related to operating activities Current quarter (12 months)
US$'000 US$'000
1.1 Receipts from product sales and related debtors
24,948 161,485
1.2 Payments for (a) exploration & evaluation (3,350) (13,515)
(b) development (4,896) (27,878)
(c) production (26,655) (148,085)
(d) logistics (1,606) (37,102)
(e) administration (8,766) (27,136)
(f) changes in working capital 1,927 954
1.3 Dividends received - -
1.4 Interest and other items of a similar nature
received 102 702
1.5 Interest and other costs of finance paid (144) (1,117)
1.6 Income taxes paid
1.7 Other (provide details if material)
Net Operating Cash Flows (18,440) (91,692)
Cash flows related to investing activities
1.8 Payment for purchases of: (a) prospects - (13,952)
(b) equity investments - -
(c) other fixed assets (1,502) (7,076)
1.9 Proceeds from sale of: (a) prospects - -
(b) equity investments - -
(c) other fixed assets - -
1.10 Loans to other entities - -
1.11 Loans repaid by other entities - 4,674
1.12 Other (provide details if material) (1,055) 2,193
Net investing cash flows (2,557) (14,161)
1.13 Total operating and investing cash flows
(carried forward) (20,997) (105,853)
+ See chapter 19 for defined terms.
30/9/2001 Appendix 5B Page 1
Appendix 5B
Mining exploration entity quarterly report
1.13 Total operating and investing cash flows
(brought forward) (20,997) (105,853)
Cash flows related to financing activities
1.14 Proceeds from issues of shares, options, etc. - 143,960
1.15 Proceeds from pending issues of shares* - -
1.16 Proceeds from sale of forfeited shares - -
1.17 Proceeds from borrowings - 5,000
1.18 Repayment of borrowings (18,688) (33,113)
1.19 Dividends paid - -
1.20 Other (provide details if material) - -
Net financing cash flows (18,688) 115,847
Net increase (decrease) in cash held (39,685) 9,994
1.21 Cash at beginning of quarter/year to date 67,367 19,523
1.22 Exchange rate adjustments 1,240 (595)
1.23 Cash at end of quarter 28,922 28,922
Payments to directors of the entity and associates of the directors
Payments to related entities of the entity and associates of the related
entities
Current quarter
US$'000
1.23 Aggregate amount of payments to the parties included in item 1.2 633
1.24 Aggregate amount of loans to the parties included in item 1.10 -
1.25 Explanation necessary for an understanding of the transactions
The balance in 1.23 includes all salaries and fees paid to directors.
Non-cash financing and investing activities
2.1 Details of financing and investing transactions which have had a material effect on consolidated
assets and liabilities but did not involve cash flows
2.2 Details of outlays made by other entities to establish or increase their share in projects in which
the reporting entity has an interest
+ See chapter 19 for defined terms.
Appendix 5B Page 2 30/9/2001
Appendix 5B
Mining exploration entity quarterly report
Financing facilities available
Add notes as necessary for an understanding of the position.
Amount available Amount used
US$'000 US$'000
3.1 Loan facilities -* 12,500
3.2 Credit standby arrangements - -
*At 30 June 2012 the Company breached certain Total Equity covenants relating to the $50.0 million
Deutsche Bank facility. In accordance with the agreement the facility amortises by one twelfth ($4.167
million) per month commencing October 2012. The repayment of capital at $4.167 million per month
commenced in January 2013 and as at the date of this report a total of $25 million has been repaid. The
outstanding balance of $12.5 million will be repaid in accordance with the agreement at $4.167 million
per month ending in September 2013.
Estimated cash outflows for next quarter
US$'000
4.1 Exploration and evaluation 2,668
4.2 Development 2,696
4.3 Production 3,605
4.4 Logistics -
4.5 Administration 2,821
Total 11,790
Reconciliation of cash
Reconciliation of cash at the end of the quarter (as Current quarter Previous quarter
shown in the consolidated statement of cash flows) to US$'000 US$'000
the related items in the accounts is as follows.
5.1 Cash on hand and at bank 10,124 12,845
5.2 Deposits at call 18,798 54,522
5.3 Bank overdraft - -
5.4 Other (provide details) - -
Total: cash at end of quarter (item 1.22) 28,922 67,367
+ See chapter 19 for defined terms.
30/9/2001 Appendix 5B Page 3
Appendix 5B
Mining exploration entity quarterly report
Changes in interests in mining tenements
Tenement Nature of Interest at Interest at
reference interest beginning of end of quarter
(note (2)) quarter
6.1 Interests in mining tenements
relinquished, reduced or lapsed
6.2 Interests in mining tenements
acquired or increased
Issued and quoted securities at end of current quarter
Description includes rate of interest and any redemption or conversion rights together with prices and dates.
Total number Number quoted Issue price per Amount paid up
security (see per security (see
note 3) (cents) note 3) (cents)
7.1 Preference Nil
+securities
(description)
7.2 Changes during
quarter
7.3 +Ordinary 1,048,638,613 1,048,638,613
securities
7.4 Changes during
quarter
(a) Increases Nil Nil
through issues
(b) Decreases
through returns of
capital, buy-backs
7.5 +Convertible Nil
debt securities
(description)
7.6 Changes during
quarter
(a) Increases
through issues
(b) Decreases
through securities
matured,
converted
7.7 Options 13,929,562 Nil Exercise price Expiry date
(description and See Note 6 See Note 6
conversion factor)
7.8 Issued during Nil Nil See Note 6 See Note 6
quarter
7.9 Exercised during Nil Nil See Note 6 See Note 6
quarter
7.10 Cancelled during 2,000,000 Nil
quarter
+ See chapter 19 for defined terms.
Appendix 5B Page 4 30/9/2001
Appendix 5B
Mining exploration entity quarterly report
7.11 Debentures Nil
(totals only)
7.12 Unsecured notes Nil
(totals only)
Compliance statement
1 This statement has been prepared under accounting policies which comply with
accounting standards as defined in the Corporations Act or other standards
acceptable to ASX (see note 4).
2 This statement does give a true and fair view of the matters disclosed.
Sign here: ............................................................ Date: ...31 July 2013......................
(Company secretary)
TONY BEVAN
Print name: .........................................................
Notes
1 The quarterly report provides a basis for informing the market how the entity's
activities have been financed for the past quarter and the effect on its cash position.
An entity wanting to disclose additional information is encouraged to do so, in a note
or notes attached to this report.
2 The "Nature of interest" (items 6.1 and 6.2) includes options in respect of interests in
mining tenements acquired, exercised or lapsed during the reporting period. If the
entity is involved in a joint venture agreement and there are conditions precedent
which will change its percentage interest in a mining tenement, it should disclose the
change of percentage interest and conditions precedent in the list required for items
6.1 and 6.2.
3 Issued and quoted securities The issue price and amount paid up is not required in
items 7.1 and 7.3 for fully paid securities.
4 The definitions in, and provisions of, AASB 1022: Accounting for Extractive Industries
and AASB 1026: Statement of Cash Flows apply to this report.
5 Accounting Standards ASX will accept, for example, the use of International
Accounting Standards for foreign entities. If the standards used do not address a
topic, the Australian standard on that topic (if any) must be complied with.
6 Issued and Quoted Options as at 30 June 2013:
+ See chapter 19 for defined terms.
30/9/2001 Appendix 5B Page 5
Appendix 5B
Mining exploration entity quarterly report
Number Issued Number Exercise Expiry Date Lapsed Since End
Quoted Price of quarter
818,500 - A$1.90 30 June 2014 -
3,000,000 - A$2.74 30 November 2014 -
2,500,000 - A$1.20 9 November 2015 -
1* - GBP0.60 1 November 2014 -
1,441,061 - A$1.40 30 September 2015 -
2,670,000 - ZAR7.60 14 February 2017 -
3,500,000 - GBP0.25 30 November 2015 -
*1 Option to subscribe for 50 million ordinary shares for 60 pence each between
1 November 2010 and 1 November 2014 as approved by shareholders on 22 April 2010
== == == == ==
+ See chapter 19 for defined terms.
Appendix 5B Page 6 30/9/2001
Date: 31/07/2013 07:06:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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