| Thu 28 Oct 2010, 12:17 | | CZA - CoAL - CEO Presentation |
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CZA
CZA
CZA - CoAL - CEO Presentation
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
The Company`s CEO, Mr John Wallington, presented the Company`s First quarter
2011 results this morning at 11:30am in Johannesburg, South Africa.
Shareholders are advised that the presentation is now available on the Company`s
website at www.coalofafrica.com.
Authorised by
Shannon Coates
Company Secretary
Bryanston
28 October 2010
JSE Sponsor
Macquarie First South Adviser
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 South +27(0)11 583 2000
Annerie Britz 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 12:17:01 Produced by the JSE SENS Department.
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