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COAL OF AFRICA LIMITED - Mooiplaats update

Release Date: 02/07/2015 08:00
Code(s): CZA     PDF:  
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Mooiplaats 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                                                              2 July 2015

                                            Mooiplaats update

Further to the announcements of 6 November 2014, 17 December 2014, 30 January 2015 and 5 May 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 June
2015, Coal of Africa Limited (“CoAL” or the “Company”) announces that the SPA will not be extended further
and therefore will lapse.

The Company is continuing discussions with various parties regarding the sale of the Mooiplaats asset.
Blackspear, with whom the original SPA was signed, is one of the parties that the Company is engaged with,
and it continues to work towards sourcing the required funding. CoAL will continue to update the market as and
when it is appropriate.

It should be noted that the company completed the equity raise referred to in the notice of 2 June 2015



David Brown
Chief Executive Officer


For more information contact:
 David Brown                       Chief Executive Officer    Coal of Africa                 +27 10 003 8000
 Celeste Riekert                   Investor Relations         Coal of Africa                 +27 10 003 8000
 Tony Bevan                        Company Secretary          Endeavour Corporate Services   +61 08 9316 9100

Company advisors:
 Matthew Armitt/Ross Allister        Nominated Adviser and    Peel Hunt LLP                  +44 20 7418 8900
                                     Broker
 Jos Simson/Emily Fenton             Financial PR (United     Tavistock                      +44 20 7920 3150
                                     Kingdom)
 Charmane Russell/Jane Kamau         Financial PR (South      Russell & Associates           +27 11 880 3924 or
                                     Africa)                                                 +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 De Wet O.Schutte - Chief Financial Officer
Non-executive directors: Peter G. Cordin, Andrew D. Mifflin, Khomotso B. Mosehla , Thabo F. Mosololi, Rudolph H. Torlage

Date: 02/07/2015 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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