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Update on regulatory processes at Makhado Project
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 25 JULY 2016
UPDATE ON REGULATORY PROCESSES AT MAKHADO PROJECT
The Environmental Authorisation for the Makhado Project (“the Project”) was granted to Coal of Africa
Limited (“CoAL” or “the Company) in August 2013 by the Limpopo Department of Economic
Development, Environment and Tourism (LEDET), requiring that activities within the Authorisation
commence within a three year period.
CoAL applied to the South African Department of Mineral Resources (DMR) and LEDET (the
“Departments”) to amend the Environmental Authorisation, amending the holder of the authorisation
from CoAL to Baobab Mining and Exploration (Pty) Ltd, the legal operating entity of the Makhado
Project, thus ensuring the alignment of the ownership of the full suite of regulatory authorisations for
the Project within the appropriate vehicle.
CoAL furthermore applied to both Departments for an extension of the validity period of the
Environmental Authorisation.
CoAL is pleased to announce that the DMR and LEDET have granted the Amendment of the
Environmental Authorisation in terms of the National Environmental Management Act (“NEMA”) (Act
107 of 1998) and the Environmental Impact Assessment Regulations (2014) for Makhado Project,
transferring the holder of the Environmental Authorisation from CoAL to Baobab Mining and
Exploration (Pty) Ltd. The Departments have also granted an extension of the validity period of the
EA, extending the commencement period for an additional five years.
The Environmental Impact Assessment Regulations (2014) allow for the appeal of the above
mentioned authorisations by any stakeholder. Any such appeal will immediately suspend the
authorisation. If this takes place, the Company will deal with the regulatory authorities in this regard.
Mr David Brown, Chief Executive Officer, commented: “The decision by the DMR and LEDET, and is
a confirmation of the government’s commitment to drive socio-economic development, not only in our
area of operation, but also the broader Limpopo Province. The recent designation of the Special
Economic Zone by the South African Government in this area is a further demonstration of that
commitment. We continue to engage the Department of Water and Sanitation in respect of the
processing of the Appeal against the Water Use Licence for the Makhado Project.
“We have commenced with the implementation of our Social and Labour Plan at the Makhado
Project, to ensure that our communities develop the necessary skills to access the opportunities
offered within the Project.”
Authorised by
David Brown
CEO
This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
For more information contact:
David Brown Chief Executive Coal of Africa +27 10 003 8000
Officer
De Wet Schutte Chief Financial Coal of Africa +27 10 003 8000
Officer
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 Peel Hunt LLP +44 20 7418 8900
and Broker
Jos Simson/Barney Financial PR (United Tavistock +44 20 7920 3150
Hayward Kingdom)
Charmane Russell/Olwen Financial PR (South Russell & Associates +27 11 880 3924
Auret Africa) 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, Andrew D. Mifflin, Khomotso B. Mosehla , Thabo F. Mosololi, Rudolph H. Torlage
Date: 25/07/2016 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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