| Thu 28 Oct 2010, 9:00 | | CZA - Coal of Africa Limited - CEO presentation - first quarter 2011 results |
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CZA
CZA
CZA - Coal of Africa Limited - CEO presentation - first quarter 2011 results
Coal of Africa Limited
(previously, "GVM Metals Limited")
(Incorporated and registered in Australia)
(Registration number ABN 008 905 388)
JSE Share code: CZA
ASX Share code: CZA
ISIN AU000000CZA6
("CoAL" or the "Company")
CEO PRESENTATION - FIRST QUARTER 2011 RESULTS
Coal provides the opportunity for shareholders and interested stakeholders to
listen to an audio webcast of the Company`s CEO, Mr John Wallington,
presenting the Company`s Q1 2011 results.
The Presentation, to media, will take place in Johannesburg, South Africa on
Thursday 28 October 2010 at 11.30am local time.
An audio webcast of the Presentation will be available on Thursday 28 October
at 1.00pm local time in Johannesburg (7.00pm Perth and 12.00pm London). To
listen to the Presentation, access the link from the Investor section of our
website at www.coalofafrica.com
Authorised by
Shannon Coates
Company Secretary
28 October 2010
For more information contact:
John Wallington CoAl +27(0)11 575 4363
Blair Sergeant
Simon Edwards Evolution Securities +44(0)20 7071 4300
Chris Sim
Jos Simson Conduit PR +44(0)20 7429 6603
Leesa Peters
Melanie de Nysschen Macquarie First +27(0)11 583 2000
Annerie Britz South Advisers
Yvette Labuschagne
www.coalofafrica.com
About CoAL
CoAL is an AIM/ASX/JSE listed coal mining and development company operating in
South Africa. CoAL`s key projects include the Woestalleen Colliery, the
Mooiplaats thermal coal mine, the Vele coking coal project and the Makhado
coking coal project.
The Mooiplaats coal mine commenced production in 2008 and is currently ramping
up to produce 2 million tonnes per annum ("Mtpa"). CoAL`s Makhado coking coal
project is expected to start production in 2012 and timing for Vele to reach
production is expected to commence Q1 2011. These operations are targeted to
collectively produce an initial 2 Mtpa ramping up to a combined annual output
of 10 Mtpa of coking coal.
In 2010, CoAL completed the ZAR467m acquisition of NuCoal Mining (Pty) Limited
("NuCoal"), a thermal coal producer with assets in South Africa in close
proximity to CoAL`s Mooiplaats mine. NuCoal owns the Woestalleen Colliery,
which has a number of off-take contracts in place and processes approximately
2.5Mtpa of saleable coal for domestic and export markets. NuCoal also owns two
beneficiation plants, one fully operational mine producing approximately 300kt
per month of ROM coal and has recently commenced production at a second mine.
CoAL currently has 1 Mtpa export capacity at the Matola Terminal in Maputo,
Mozambique, increasing to 3 Mtpa on completion of the next phase of expansion
at the terminal. CoAL also has the option to participate in further expansion
at the Matola Terminal, which is expected to increase the capacity at the
terminal by an additional 10 Mtpa.
Date: 28/10/2010 09:00:06 Produced by the JSE SENS Department.
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