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CZA
CZA
CZA - Coal of Africa Limited - Vele section 24G application update
Coal of Africa Limited
(Incorporated and registered in Australia)
(Registration number ABN 008 905 388)
JSE Share code: CZA
ASX Share code: CZA
AIM Share code: CZA
ISIN AU000000CZA6
("CoAL" or the "Company")
VELE SECTION 24G APPLICATION UPDATE
Coal of Africa Limited ("CoAL" or "the Company") advises that as part of the
Section 24G Application submitted by its wholly owned subsidiary Limpopo Coal
Company ("LCC") to the Department of Environmental Affairs ("DEA"), an
administration fine of ZAR9.250 million (A$1.259 million) has been paid to the
department.
Pursuant to CoAL`s commitment to comply with all legislative requirements,
including the compliance notices issued in respect of Vele Colliery, LCC
submitted a rectification application in terms of Section 24G of the South
African National Environmental Management Act, 107 of 1998.
The payment of the administration fine is a pre-condition to enable the DEA to
consider and decide upon the rectification application relating to an
environmental authorisation for Vele Colliery.
CoAL continues to engage with the South African Government in good faith and
transparently in order to co-operate and comply with all legislative
requirements.
Authorised by
JOHN WALLINGTON
Chief Executive Officer
Bryanston
11 May 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 Financial Coal Of Africa +27 11 575 6797
Director
Jeremy Ellis/ Nominated Evolution +44 20 7071 4300
Romil Patel/ Adviser Securities
Chris Sim
Melanie de JSE Sponsor Macquarie First +27 11 583 2000
Nysschen/Annerie South Advisers
Britz/Yvette
Labuschagne/
Natalie Di-Sante
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 thermal 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 ZAR467 million 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 Zonnebloem mine producing
approximately 300kt per month of ROM coal and has recently commenced production
at a Hartogshoop mine.
Date: 11/05/2011 15:22:01 Produced by the JSE SENS Department.
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