| Tue 15 Sep 2009, 9:00 | | CZA - Coal of Africa Limited - Coal Loads First Train At Mooiplaats |
|
CZA
CZA
CZA - Coal of Africa Limited - Coal Loads First Train At Mooiplaats
Coal of Africa Limited
(previously, "GVM Metals Limited")
(Incorporated and registered in Australia)
(Registration number ABN 008 905 388)
Share code on the JSE Limited: CZA
ISIN AU000000CZA6
Share code on the Australian Stock Exchange Limited: CZA
ISIN AU000000CZA6
(`CoAL` or `the Company`)
15 September 2009
COAL LOADS FIRST TRAIN AT MOOIPLAATS
Further to its Market Update on 13 July 2009, Coal of Africa Limited ("CoAL" or
the "Company"), the AIM/ASX/JSE listed coal mining and development company
operating in South Africa (ticker: CZA), is pleased to announce it has
successfully completed its first sale and loading of its first train of mid
volatile "lean" coal mined at the Company`s Mooiplaats thermal coal project in
the Mpumalanga Province, South Africa ("Mooiplaats Project").
CoAL began trucking the coal from the Mooiplaats Project on 8 September 2009,
with the first train loaded on 11 September and the second train loaded the
following day, both at the Umlabo siding bound for the Matola Terminal in
Maputo, Mozambique.
The Company will continue to load further trains to utilise the maximum
available stockpile at the Matola Terminal of approximately 80,000 tonnes. The
shipping program is anticipated to commence in the last of quarter of calendar
2009.
Simon Farrell, Managing Director, today commented "This is a very exciting time
for the Company. Reaching this major milestone marks the transition from an
exploration and development company into a mining company. The system is now in
place to facilitate the ramp up of production once mining of the export quality
thermal coal commences, which as previously advised is expected to be in
November at the earliest or Q1 2010 at the latest."
AUTHORISED BY:
Simon Farrell
Managing Director
For more information contact:
Simon Farrell, Managing Director
CZA
+61 417 985 383 or +61(8) 9322 6776
Peter Bacchus/ Alastair Cochran
Morgan Stanley
+44(0) 20 7425 8000
Simon Edwards/ Chris Sim
Evolution Securities
+44(0) 20 7071 4300
Jos Simson/ Leesa Peters
Conduit PR
+44(0) 20 7429 6603
Melanie de Nysschen
Macquarie First South Advisers +27(11) 583 2000
About CoAL:
Coal of Africa Limited ("CoAL") is primarily focused on the acquisition,
exploration and development of thermal and metallurgical coal projects. The
Company`s key projects, along with its leading metals processing company NiMag
Group (Pty) Ltd are in South Africa. The Company was incorporated in Western
Australia and listed in 1980. Since 2005, the Company has also listed on both
the AIM and JSE markets, allowing further growth in the Company`s coal assets.
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
Date: 15/09/2009 09:00:02 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
