COAL OF AFRICA LIMITED - Coal of Africa receives business interruption insurance claim

Coal of Africa receives business interruption insurance claim

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                                                                                                                                                 

8 MAY 2014


Coal of Africa receives business interruption insurance claim

On 28 February 2013, Coal of Africa Limited (the “Company" or "CoAL") announced that it had been advised
by Transnet Freight Rail (“TFR”) of a derailment of 10 wagons on the Maputo (“Matola”) rail corridor between
Tenga and Matola Gare that led to all rail traffic between Komatipoort and Maputo being suspended for a
period of 7 weeks. Accordingly, the Company communicated that its subsidiaries at the time, Limpopo Coal
Company (Pty) Ltd (“Vele Colliery” or “Vele”), Langcarel (Pty) Ltd (“Mooiplaats”) and NuCoal Mining (Pty) Ltd
(“Woestalleen”) issued force majeure notices to their customers, contractors and other affected stakeholders.
Due to the force majeure the Company was able to negotiate a business interruption claim for the affected
time period.
The Company is pleased to announce the successful conclusion of a business interruption insurance claim
relating to the TFR derailment and has negotiated a settlement of R15,960,000 (US$ 1,518,553). The entire
amount has been received by CoAL.


Authorised by
David Brown
Chief Executive Officer
8 May 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 Services                        +61 08 9316 9100

Company advisors:
Jos Simson/Emily Fenton                              Financial PR (United Kingdom)                         Tavistock                                         +44 20 7920 3150
Chris Sim/George Price/Jeremy Ellis                  Nominated Adviser                                     Investec Bank plc                                 +44 20 7597 5970
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).




                 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

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