Wrap Text
Report for the quarter ended 31 March 2014
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")
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 31 March 2014
Consolidated statement of cash flows
Year to date
Cash flows related to operating activities Current quarter (9 months)
US$'000 US$'000
1.1 Receipts from product sales and related debtors
3,492 26,207
1.2 Payments for (a) exploration & evaluation 187 (3,686)
(b) development (573) (10,854)
(c) production (548) (20,239)
(d) logistics (480) (4,301)
(e) administration (3,191) (11,931)
1.3 Dividends received - -
1.4 Interest and other items of a similar nature
received 101 1,010
1.5 Interest and other costs of finance paid (254) (528)
1.6 Income taxes paid - -
1.7 Other (provide details if material) (1,199) (831)
Net operating cash flows (2,465) (25,153)
Cash flows related to investing activities
1.8 Payment for purchases of:
(a) prospects - -
(b) equity investments - -
(c) other fixed assets - -
1.9 Proceeds from sale of:
(a) prospects 461 937
(b) equity investments 392 1,764
(c) other fixed assets - -
1.10 Loans to other entities - -
1.11 Loans repaid by other entities - -
1.12 Other (provide details if material) (1,227) (1,227)
Net investing cash flows (374) 1,474
1.13 Total operating and investing cash flows (brought
forward) (2,839) (23,679)
Cash flows related to financing activities
1.14 Proceeds from issues of shares, options, etc. - -
1.15 Proceeds from pending issues of shares* - -
1.16 Proceeds from sale of forfeited shares - -
1.17 Proceeds from borrowings - 10,000
1.18 Repayment of borrowings - (14,258)
1.19 Dividends paid - -
1.20 Other (provide details if material) 7,376 7,376
Net financing cash flows 7,376 3,118
Net increase (decrease) in cash held 4,537 (20,561)
1.21 Cash at beginning of quarter/year to date 4,161 28,922
1.22 Exchange rate adjustments 187 524
1.23 Cash at end of quarter 8,885 8,885
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$'000
1.23 Aggregate amount of payments to the parties included in item 1.2 332
1.24 Aggregate amount of loans to the parties included in item 1.10 -
1.25 Explanation necessary for an understanding of the transactions
Other cash flows related to investing activities (Item 1.12) represent the increase in restricted
cash due to the issuing cash - backed guarantees.
Other cash flows related to financing activities (Item 1.20) represents the proceeds received
from the sale of the Woestalleen Complex.
The balance in 1.23 includes all salaries and fees paid to directors.
Non - cash financing and investing activities
2.1 Details of financing and investing transactions which have had a material effect on
consolidated assets and liabilities but did not involve cash flows
2.2 Details of outlays made by other entities to establish or increase their share in projects in which
the reporting entity has an interest
Financing facilities available
Add notes as necessary for an understanding of the position.
Amount available Amount used
US$'000 US$'000
3.1 Loan facilities - -
3.2 Credit standby arrangements - -
Estimated cash outflows for next quarter
US$'000
4.1 Exploration and evaluation 105
4.2 Development 622
4.3 Production 417
4.4 Logistics -
4.5 Administration 1,488
Total 2,632
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) US$'000 US$'000
to the related items in the accounts is as follows.
5.1 Cash on hand and at bank 7,852 3,624
5.2 Deposits at call 1,033 537
5.3 Bank overdraft - -
5.4 Other (provide details) - -
Total: cash at end of quarter (item 1.22) 8,885 4,161
Changes in interests in mining tenements
Tenement reference Nature of interest Interest at Interest
(note (2)) beginning at end of
of quarter quarter
6.1 Interests in mining Remaining Extent of Interest sold as part 100% 0%
tenements Portion 2 and of the disposal of the
relinquished, Portion 5 of Woestalleen
reduced or lapsed Zonnebloem 396 JS Complex
Remaining Extent of
the farm
Hartogshoop 410 JS
Remaining Extent of
the farm
Woestalleen 477 JS
Portion 2 of the
farm De Groote
Rietpan 479 JS
Remaining Extent
and Portion 4 of the
farm Noodhulp 474
JS
Portion 5 of Interest sold as part 100% 0%
Opgoedenhoop 205 of the
IS Opgoedenhoop
mining right disposal
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 debt Nil
securities
(description)
7.6 Changes during
quarter
(a) Increases
through issues
(b) Decreases
through securities
matured,
converted
7.7 Options 21,987,490 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 Nil Nil
quarter
7.11 Debentures Nil
(totals only)
7.12 Unsecured notes Nil
(totals only)
+ See chapter 19 for defined terms.
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: ...29 April 2014................
(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 31 March 2014:
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 -
3,932,928 - ZAR1.75 30 June 2017 -
4,125,000 - ZAR2.00 30 June 2018 -
*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.
The Company is required to issue 20 million options to Investec Bank Limited, at an exercise
price of ZAR1.32 and expiring on 21 October 2018, as part of the short term bridging facility.
COAL of AFRICA LIMITED
ANNOUNCEMENT 30 April 2014
REPORT FOR THE QUARTER ENDED 31 MARCH 2014
Completion of key milestones in the repositioning of CoAL
Coal of Africa Limited ("CoAL" or "the Company") which operates in South Africa, together with its
subsidiaries, hereby provides its operational report for the quarter ended 31 March 2014. All figures are
denominated in United States dollars unless otherwise stated. A copy of this report is available on the
Company's website, www.coalofafrica.com.
Salient Features
- The focus on safety continued during the period with one lost - time injury recorded during the quarter
(FY2014 Q2: nil).
- Section 11 approval granted by the Department of Mineral Resources for the sale of the Woestalleen
Complex for R80 million ($7.6 million).
- Approval by the Department of Mineral Resources for the sale of the Opgoedenhoop mining right for
R20.8 million ($2 million).
- Appointment of Sedgman as engineer for the front - end engineering and design ("FEED") process of the
Vele Colliery plant modification project.
- Submission of applications for regulatory approvals required for the Vele plant modifications.
Corporate and Financial Features
- Signature of a Memorandum of Agreement with seven communities located in the proximity of the
Makhado Project, ensuring a broad based BEE structure is in place.
- Disposal of shares in AIM listed Bushveld Mining Limited, realising $1.8 million.
- Appointment of David Brown as CoAL's Chief Executive Officer and Bernard Pryor as Chairman, effective
1 February 2014.
- AMSA confirms coal quality of Vele's proposed semi - soft coking coal product.
- Available cash at period end of $8.9 million.
Post period highlights
- Independent consultants Snowden Group are appointed and commence with a Technical Review of the
Vele Colliery plant modification, expected to be completed by the end of H2 FY2014.
Commenting today, Mr David Brown, Chief Executive Officer said: "The regulatory approvals received during
the quarter resulted in the satisfying of conditions required for the disposal of the non - core Woestalleen
Complex and Opgoedenhoop assets. These disposals are significant milestones in the Company's strategic
turnaround strategy and a portion of the proceeds from the sale will be used to reduce the Investec working
capital facility exposure.
The appointment of Sedgman to complete the Vele plant modification FEED is a critical step to ensuring the
colliery's ability to process 2.7 million tonnes of ROM coal annually. The Company has also continued to
engage with funders and potential customers. The FEED process is expected to be completed by the end of
June 2014 and will enable CoAL to arrive at a class 1 - EPC estimate with construction due to commence
during July 2014, subject to the project delivering an acceptable return which will be supported by off - take
agreements."
QUARTERLY COMMENTARY
Woestalleen Complex – Witbank Coalfield (100% owned)
The Woestalleen processing facility recorded one lost time injury ("LTI") during the quarter (FY2014 Q2: nil
LTIs).
During the quarter, the Company received Section 11 approval from the Department of Mineral Resources
("DMR") for the sale of all of the equity and loan accounts in NuCoal Mining Proprietary Limited ("Woestalleen
Complex") resulting in the sale consideration of R80 million ($7.6 million) paid to CoAL. The DMR also
approved the sale of the undeveloped Opgoedenhoop mining right resulting in the deposit of R5 million ($0.5
million) becoming payable, with the R15.8 million ($1.5 million) balance of the purchase price payable within
12 months.
In terms of the interim agreement with the purchaser of the Woestalleen Complex, the Company continued to
process third party run of mine ("ROM") coal on a cost recovery plus margin basis.
Mooiplaats Colliery – Ermelo Coalfield (74% owned)
The Mooiplaats thermal coal colliery ("Mooiplaats") was placed on care and maintenance during the
September 2013 quarter and recorded no LTIs during the period (FY2014 Q2: nil LTIs).
The Mooiplaats disposal process continued during the period and negotiations with prospective purchasers
are at an advanced stage. The Company expects to complete a transaction during H2 CY2014.
Vele Colliery – Limpopo (Tuli) Coalfield (100% owned)
The Vele coking and thermal coal colliery ("Vele Colliery") recorded no LTIs during the quarter (FY2014 Q2:
nil LTIs).
Operations at Vele were previously downscaled pending the start of the construction phase of the plant
modifications. The colliery did not produce or process ROM coal during the quarter (FY2014 Q2: 7,068 ROM
tonnes) but continued negotiations with long - term off - take customers and, potential project funders.
During the quarter, the Company appointed Sedgman South Africa (“Sedgman”) as engineer for the FEED for
the Vele Colliery plant modification project. The FEED process, which commenced during March 2014, is
expected to take three months to complete and includes the following processes:
- improvements to the existing plant;
- addition of ROM handling, crushing and screening sections;
- de - stoning and sized coal screening plants;
- classifier and a froth flotation plant for the beneficiation of the fines and ultra - fines; and
- product and discard stockpiling and load - out facilities.
The plant modification will result in the simultaneous production of semi - soft coking coal, sized thermal coal
for the domestic market and Eskom quality thermal coal and, is expected to be completed during H1 CY2015
followed by a production ramp - up phase.
During the quarter the Company submitted all necessary applications to align the Vele plant modification
process with the requirements of Section 24G of the National Environmental Management Act. The Company
expects to receive the relevant responses during the June 2014 quarter.
Following successful tests by ArcelorMittal South Africa Limited ("AMSA") of Vele coal, the Company received
a Letter of Intent for the supply of coal in January 2014. Both AMSA and CoAL wish to convert the LoI into a
formal off - take agreement dependent on agreement on pricing parameters. Furthermore Eskom, the state
power utility, successfully undertook combustion tests on Vele thermal coal and further discussions will be
scheduled.
Makhado Coking Coal Project – Soutpansberg Coalfield (100% owned)
The Makhado coking coal project ("Makhado Project") recorded no LTIs (FY2014 Q2: no LTIs) during the
quarter.
During the period the Company submitted the outstanding documents required for the processing of the New
Order Mining Right ("NOMR") and Integrated Water Use Licence applications. In terms of South African
mining legislation a minimum 26% Black Economic Empowerment ("BEE") shareholding is required for mining
and exploration projects. During the quarter, the Company signed a Memorandum of Agreement to enable a
broad based BEE consortium comprising seven local communities (20%) and future employees (6%) to
acquire 26% of the Makhado Project. This initiative will ensure that the project has the requisite corporate
structure for the granting of the NOMR.
Greater Soutpansberg Project (MbeuYashu) (74% owned)
The MbeuYashu Project recorded no LTIs (FY2014 Q2: no LTIs) during the period.
The Company continued the public participation programmes in relation to the Environmental Impact
Assessment phase for the Generaal, Chapudi and Mopane projects and the Environmental Management
Programmes for the three project areas were finalised and submitted to the DMR during the March 2014
quarter.
Cash Position
Receipts from coal sales for the three months increased to $3.5 million (FY2014 Q2: $1.9 million) as
outstanding balances were collected. The scaling down of activities at the Company's projects resulted in
production expenses declining to $0.5 million (FY2014 Q2: $3.9 million); $0.6 million (FY2014 Q2: $5.3
million) was spent on the Vele Colliery; and $0.5 million (FY2014 Q2: $2.4 million) was paid for logistics as a
result of Take or Pay obligations at the Matola Terminal in Mozambique. During the quarter the Company
increased its restricted cash balance by $1.2 million (FY2014 Q2: $nil) with the issue of guarantees to secure
power for the Makhado Project and, for the FEED process. During the period the Company received $7.6
million from the disposal of the Woestalleen Complex while the first tranche of proceeds of $0.5 million from
the sale of Opgoedenhoop was received in the June 2014 quarter.
The estimated June 2014 quarter cash outflows included in the 5B report (attached to this commentary) is
expected to be $2.6 million of which $0.6 million will be spent on development, which includes costs
associated with the detailed design of the Vele plant modification. Estimated production costs of $0.4 million
for the three months relate to net expenses at the Mooiplaats operations, while administration expenses of
$1.5 million will be incurred to cover all other overhead costs. These will all be paid from current cash
balances and the proceeds from the sale of non - core assets.
Strategic and Corporate Update
The Company has made significant progress on the Five Point Turnaround Strategy since its implementation
12 months ago. The Company is currently focused on finalising the following outstanding items in order to
complete the Turnaround Strategy and successfully reposition CoAL.
1. Sale of Non - Core Assets: Mooiplaats is the only remaining non - core asset available for sale and the
Company has been engaged in a formal sales process. The Company is committed to assisting interested
parties in the process of completing feasibility studies and application for funding (where applicable) in
order to table a successful sale sale during H2 CY2014.
2. Arbitration: The Envicoal arbitration is currently in process and once finalised, will resolve all material legal
claims. Further details of the matter are set out in the interim financial report for the period ended 31
December 2013.
3. Outstanding Liabilities:
- Rio Tinto: An amount of $30million will become payable to Rio Tinto during the course of CY2014.
This amount relates to the remainder of the purchase price for the Greater Soutpansberg assets
acquired during CY2012 for a total of $75million. The Company is engaged in negotiations with Rio Tinto
in order to reach an agreement on payment terms that is suitable for both parties.
- Grindrod Take or Pay liability: The Company is in the process of finalising a settlement of the Take or
Pay liability for the remaining term of the contract ending end CY2016. In addition the Company will negotiate
future port allocation to enable it to export coal when the Vele and Makhado projects are in production.
4. Vele funding and off - take agreements: The three - month FEED process for the planned plant modification
has commenced, due for completion by the end of June 2014, and is scheduled to coincide with the
finalisation of the funding as well as off - take agreements for the Vele Colliery.
Authorised by
David Brown
Chief Executive Officer
30 April 2014
For more information contact:
David Brown Chief Executive Officer Coal of Africa +27 10 003 8000
Michael Meeser Chief Financial Officer Coal of Africa +27 10 003 8000
Celeste Harris Investor Relations Coal of Africa +27 10 003 8000
Tony Bevan Company Secretary Endeavour Corporate +61 08 9316 9100
Services
Company advisors:
Jos Simson/Emily Fenton Financial PR (United Tavistock +44 20 7920 3150
Kingdom)
Chris Sim/George Price/Jeremy Nominated Adviser Investec Bank plc +44 20 7597 5970
Ellis
Charmane Russell/Jane Kamau 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 /MbeuYashu, including CoAL's
Makhado Project (coking and thermal coal).
Tenements held by CoAL and its Controlled Entities
Project Name Tenement Number Location Interest Change in quarter
Chapudi Project* Albert 686 MS- Limpopo~ 74%
Bergwater 712 MS-- 74%
Remaining Extent and Portion 2 of Bergwater 74%
697 MS--
Blackstone Edge 705 MS 74%
Remaining Extent & Portion 1 of Bluebell 480 74%
MS-
74%
Remaining Extent & Portion 1 of Bushy Rise
702 MS--
Castle Koppies 652 MS-- 74%
Chapudi 752 MS -- 74%
Remaining Extent, Portions 1, 3 & 4 of 74%
Coniston 699 MS--
Driehoek 631 MS-- 74%
Remaining Extent of Dorps - rivier 696 MS-- 74%
Enfield 512 MS (consolidation of Remaining 74%
Extent of Enfield 474 MS, Brosdoorn 682 MS
& Remaining Extent of Grootvlei 684 MS)--
Remaining Extent and Portion 1 of 74%
Grootboomen 476 MS- 74%
Grootvlei 684 MS-- 74%
Kalkbult 709 MS 74%
Remaining Extent, Remaining Extent of Portion 74%
2, Remaining Extent of Portion 3, Portions 1, 4,
5, 6, 7 & 8 of Kliprivier 692 MS-
Remaining Extent of Koodoobult 664 MS- 74%
Koschade 657 MS (Was Mapani Kop 656 MS)- 74%
Malapchani 659 MS- 74%
Mapani Ridge 660 MS- 74%
Melrose 469 MS- 74%
Middelfontein 683 MS- 74%
Mountain View 706 MS- 74%
M'tamba Vlei 654 MS 74%
Remaining Extent & Portion 1 of Pienaar 635 74%
MS-
Remaining Extent & Portion 1 of Prince's Hill 74%
704 MS-
Qualipan 655 MS- 74%
Queensdale 707 MS- 74%
Remaining Extent & Portion 1 of Ridge End 74%
662 MS-
Remaining Extent & Portion 1 of Rochdale 700 74%
MS-
Sandilands 708 MS- 74%
Portions 1 & 2 of Sandpan 687 MS-- 74%
Sandstone Edge 658 MS- 74%
Remaining Extent of Portions 2 & 3 of 74%
Sterkstroom 689 MS--
Sutherland 693 MS- 74%
Remaining Extent & Portion 1 of Varkfontein 74%
671 MS--
Remaining Extent, Portion 2, Remaining Extent 74%
of Portion 1 of Vastval 477 MS-
Vleifontein 691 MS- 74%
Ptn 3, 4, 5 & 6 of Waterpoort 695 MS-- 74%
Wildebeesthoek 661 MS- 74%
Woodlands 701 MS- 74%
Kanowna West M27/41 Coolgardie^ 23.68%
and
Kalbara M27/47 23.68%
M27/59 23.68%
M27/72,27/73 23.68%
M27/114 23.68%
M27/181 21.31%
M27/196 23.68%
M27/414,27/415 23.68%
P27/1826-1829 23.68%
P27/1830-1842 23.68%
P27/1887 23.68%
Abbotshall Royalty ML63/409,410 Norseman^ Royalty
Kookynie Royalty ML40/061 Leonora^ Royalty
ML40/135,136 Royalty
Holfontein Remaining extent, Remaining Extent of Mpumalanga~ 100%
portions 1, 5 and 11 and portions 4, 6, 9, 10,
12 and 13 of the farm Holfontein 138 IS
Makhado Project Fripp 645 MS Limpopo~ 100%
Lukin 643 MS 100%
100%
Remaining Extent and Portion 1 of
Overwinning 713 MS
Salaita 188 MT 100%
Tanga 648 MS 100%
Remaining Extent, Portion 1 and 100%
Portion 2 of the farm Windhoek 649 MS
Generaal Project Beck 568 MS-- Limpopo~ 74%
Bekaf 650 MS- 74%
Remaining Extent & Portion 1 of Boas 642 MS- 74%
Chase 576 MS- 74%
Coen Britz 646 MS- 74%
Fanie 578 MS- 74%
Gray 189 MT 100%
Portions 1, 2 and Remaining Extent of 74%
Generaal 587 MS-
Joffre 584 MS- 74%
Juliana 647 MS 74%
Kleinenberg 636 MS- 74%
Remaining Extent of Maseri Pan 520 MS- 74%
Remaining Extent and Portion 2 of Mount 100%
Stuart 153 MT--
Nakab 184 MT-- 100%
Phantom 640 MS-- 74%
Riet 182 MT-- 100%
Rissik 637 MS- 100%
Salaita 188 MS- 74%
Schuitdrift 179 MT- 100%
Septimus 156 MT-- 100%
Solitude 111 MT- 74%
Stayt 183 MT-- 100%
Telema 190 MT 100%
Remaining Extent & Portion 1 of Terblanche 100%
155 MT--
Van Deventer 641 MS- 74%
Wildgoose 577 MS- 74%
Mopane Project* Ancaster 501 MS-- Limpopo~ 100%
Banff 502 MS- 74%
Bierman 599 MS- 74%
Cavan 508 MS 100%
Cohen 591 MS-- 100%
Remaining Extent, Portions 1 & 2 of Delft 499 74%
MS-
Dreyer 526 MS-- 74%
Remaining Extent of Du Toit 563 MS- 74%
Faure 562 MS 74%
Remaining Extent and Portion 1 of Goosen 74%
530 MS--
Hermanus 533 MS- 74%
Jutland 536 MS-- 100%
Krige 495 MS- 74%
Mons 557 MS- 100%
Remaining Extent of Otto 560 MS (Now 74%
Honeymoon)-
Remaining Extent & Portion 1 of Pretorius 531 74%
MS-
Schalk 542 MS- 74%
Stubbs 558 MS- 100%
Ursa Minor 551 MS-- 74%
Van Heerden 519 MS-- 74%
Portions 1, 3, 4, 5, 6, 7, 8, 9, Remaining Extent 74%
of Portion 10, Portions 13, 14, 15, 16, 17, 18,
19, 20, 21, 22, 23, 24, 26, 27, 29, 30, 35, 36,
37, 38, 39, 40, 41, 44, 45, 46, 48, 49, 50, 51,
52 & 54 of Vera 815 MS
Remaining Extent of Verdun 535 MS- 74%
Voorburg 503 MS-- 100%
Mooiplaats Portions 1, 9,14,17,18,19,20 & Remaining Mpumalanga~ 74%
Extent of Mooiplaats 290 IT
Portion 2, 3 and Remaining Extent of Klipbank 74%
295 IT
Portions 1, 2 and Remaining Extent of 74%
Adrianople 296 IT
Portions 2 & 3 of Willemsdal 330 IT 74%
Portions 2, 3, 4 & Remaining Extent) of De 74%
Emigratie 327 IT
Remaining Extent and Portions 2, 5, 8,10 & 13 74%
of Buhrmansvallei 297 IT
Klipfontein 442 IT 74%
Vele Portions of Overvlakte 125 MS (Remaining Limpopo~ 100%
Extent, 3, 4, 5, 6, 13, 14)
Bergen Op Zoom 124 MS 100%
Semple 155 MS 100%
Voorspoed 836 MS 100%
Alyth 837 MS 100%
Lizzuela 62 MS 100%
Patracia 65 MS 100%
Hacyon 69 MS 100%
Klipbank** Portions 15,16,17 (also known as Mineral area Mpumalanga~ 0% Disposed of as part
1) of Klipbank 467 JS of the sale of the
Portions 4 - 27 of Klipbank 467 JS 0% Woestalleen
Portion 1 and 2 of the farm Sterkwater 317 JS 0% Complex
Opgoedenhoop** Portion 5 of Opgoedenhoop 205 IS Mpumalanga~ 0% Disposed of during
the quarter
Zonnebloem Remaining Extent of Portion 2 and Mpumalanga~ 0% Disposed of as part
(Vuna)** Portion 5 of Zonnebloem 396 JS of the sale of the
Woestalleen
Complex
Hartogshoop*** Remaining Extent of the farm Hartogshoop 410 Mpumalanga~ 0% Disposed of as part
JS of the sale of the
Woestalleen
Complex
Woestalleen** Remaining Extent of the farm Wostalleen 477 Mpumalanga~ 0% Disposed of as part
JS of the sale of the
Portion 2 of the farm De Groote 0% Woestalleen
Rietpan 479 JS 0% Complex
Remaining Extent and Portion 4 of the farm 0%
Noodhulp 474 JS
Tshikunda Certain portions of Unsurveyed State Land Limpopo~ 60%
known as Mutale
Coal bed methane Adelaide 91 MT Limpopo~ 50%
Adieu 118 MT 50%
Alicedale 138 MT 50%
Armstice 120 MT 50%
Bergwater 697 MS 50%
Bergwater 712 MS 50%
Blackstone Edge 705 MS 50%
Bushy Rise 702 MS 50%
Chapudi 752 MS 50%
Charlotte 90 MT 50%
Chase 576 MS 50%
Cross 117 MT 50%
Doppie 95 MT 50%
Ettie 33 MT 50%
Fanie 578 MS 50%
Feskraal 85 MT 50%
Folorodwe 79 MT 50%
Fripp 645 MS 50%
Gray 189 MT 50%
Hettey 93 MT 50%
Jeannette 77 MT 50%
Joffre 584 MS 50%
Kalkbult 709 MS 50%
Laura 115 MT 50%
Lukin 643 MS 50%
Magazasand 123 MT 50%
Malapchani 659 MS 50%
Mountainview 706 MS 50%
Mount Stuart 153 MT 50%
Nakab 184 MT 50%
Naus 178 MT 50%
Neltox 92 MT 50%
Phantom 640 MS 50%
Prince's Hill 704 MS 50%
Queensdale 707 MS 50%
Riet 182 MT 50%
Rochdale 700 MS 50%
Rynie 158 MT 50%
Salaita 188 MT 50%
Schuitdrift 179 MT 50%
Septimus 156 MT 50%
Stayt 183 MT 50%
Suzette 32 MT 50%
Tanga 648 MS 50%
Telema 190 MT 50%
Terblanche 155 MT 50%
Trevenna 119 MT 50%
The Duel 186 MT 50%
Truida 76 MT 50%
Van Deventer 641 MS 50%
Wendy 86 MT 50%
Wildgoose 577 MS 50%
Windhoek 649 MS 50%
Zisaan 31 MT 50%
Ziska 122 MT 50%
Portion of Unsurveyed state land 50%
* Form part of the Greater Soutpansberg Project
** Part of the investment in NuCoal Mining Proprietary Limited (Woestalleen Complex)
- Lapsed – Mining Right Application Lodged
-- Valid – Mining Right Application Lodged
~ Tenement located in the Republic of South Africa
^ Tenement located in Western Australia
AU: Coal of Africa Limited, Suite 8, 7 The Esplanade, Mount Pleasant, Perth WA 6153, Australia, Tel: +61 8 9316 9100, Fax: +61 8 9316 5475
ZA: South Block, Summercon Office Park, Cnr Rockery Lane and Sunset Avenue, Lonehill, 2191, Tel: +27 10 003 8000 Fax: +27 11 388 8333 Email: adminza@coalofafrica.com
Bernard R. Pryor – Chairman, David H. Brown – Chief Executive Officer , Michael G. Meeser – Chief Financial Officer
Non - executive directors: Peter G. Cordin, Khomotso B. Mosehla , David J. K. Murray, Rudolph H. Torlage
Date: 30/04/2014 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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