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Mooiplaats Disposal Update
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 5 May 2015
Mooiplaats Disposal Update
Further to the announcements of 6 November 2014, 17 December 2014 and 30 January 2015, regarding the
finalisation of a sale and purchase agreement (“SPA”) with Blackspear Capital ("Blackspear") for the disposal
of the Mooiplaats Colliery for R250 million and the subsequent extension of the SPA until 30 April 2015, Coal
of Africa Limited (“CoAL” or the “Company”) announces that as a result of current commodity market
conditions, the Company and Blackspear have agreed an extension to the SPA, on a non-exclusive basis, for
Blackspear to meet the proof of funding condition precedent until 30 June 2015.
David Brown, Chief Executive Officer commented:
“Despite this delay in the completion of the sale of Mooiplaats, much progress has been made and we remain
committed to the completion of this transaction as soon as possible. The Company has a number of interested
parties at various stages of the due diligence process.”
For more information contact:
David Brown Chief Executive 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 ,
Non-executive directors: Peter G. Cordin, Andrew D. Mifflin, Khomotso B. Mosehla , Thabo F. Mosololi, Rudolph H. Torlage
Date: 05/05/2015 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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