| Mon 4 Apr 2011, 7:08 | | CZA - Coal of Africa Limited - Vele Integrated Water use License Granted |
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CZA
CZA
CZA - Coal of Africa Limited - Vele Integrated Water use License Granted
Coal of Africa 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")
VELE INTEGRATED WATER USE LICENSE GRANTED
CoAL is pleased to advise that the integrated water use licence for the
Company`s Vele Colliery has been granted by the South African Department of
Water Affairs. The application was lodged on 1 November 2009, and CoAL has since
been in constant interaction with Government officials in order to progress its
approval. The Company has undergone an intensive application process, including
public participation meetings, to meet all the legislative requirements pursuant
to the South African National Environmental Management Amendment Act, 1998 (Act
No. 107 of 1998).
John Wallington, CoAL`s Chief Executive Officer, commented: "Coal of Africa
welcomes the decision to grant the licence. The Company is acutely aware of the
sensitivity of the area and the significant responsibilities the approval
brings."
As previously announced, the rectification process relating to the compliance
notice issued with respect to the Vele Colliery continues and any development in
this regard will be announced in due course.
Signed
JOHN WALLINGTON
Chief Executive Officer
Bryanston
04 April 2011
JSE Sponsor
Macquarie First South Advisers (Pty) Ltd
For more information contact
John Wallington Chief Executive Coal of Africa +27 11 575 7423
Officer
Wayne Koonin Finance Director Coal of Africa +27 11 575 4363
Shannon Coates Company Coal of Africa +61 893 226 776
Secretary
Chris Sim Nominated Evolution +44 20 7071 4300
Adviser Securities
Melanie de JSE Sponsor Macquarie First +27 11 583 2000
Nysschen/Annerie South Advisers
Britz/Yvette
Labuschagne
Jos Simson/Emily Financial PR Tavistock +44 207 920 3150
Fenton
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 2013 and timing for Vele to reach
production is still to be confirmed. These operations are targeted to
collectively produce an initial 2Mtpa ramping up to a combined annual output of
10Mtpa 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.
Date: 04/04/2011 07:08:04 Produced by the JSE SENS Department.
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