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CZA
CZA
CZA - Coal of Africa Limited - Statement regarding media speculation
Coal of Africa Limited
(Previously GVM Metals Limited)
Incorporated and registered in Australia
Registration number ACN: 008 905 388
Share code on the AIM/ASX/JSE: CZA
ISIN: AU000000CZA6
(`CoAL` or `the Company`)
STATEMENT REGARDING MEDIA SPECULATION
Coal, the AIM/ASX/JSE listed coal mining and development company operating in
South Africa (ticker: CZA), notes the recent media speculation regarding an
offer for the entire issued share capital of the Company and would like to
confirm that it has not received any takeover approaches from any third party.
AUTHORISED BY:
Simon Farrell
Managing Director
For more information contact:
Simon Farrell, Managing Director
Coal of Africa
+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 / Thembeka Mgoduso
Macquarie First South Advisers
+27(11) 583 2000
Johannesburg
28 September 2009
Sponsor
Macquarie First South Advisers (Pty) Ltd
About CoAL:
Coal of Africa Limited ("CoAL") is an AIM/ASX/JSE listed coal mining and
development company operating in South Africa. CoAL has three key projects
including the 113 million tonne (`mt`) Mooiplaats thermal coal mine, the 656Mt
Vele coking coal project and the 1bn tonne Makhado coking coal project.
The Mooiplaats coal mine commenced production in 2008 and is currently ramping
up to produce 2 mtpa. CoAL`s Vele and Makhado coking coal projects are expected
to start production in H1 2010 and Q4 2011 respectively producing an initial 2
mtpa rising to a combined annual output of 10 mtpa of coking coal.
Date: 28/09/2009 07:05:04 Produced by the JSE SENS Department.
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