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CZA
CZA
CZA - Coal of Africa Limited - Vele Colliery environmental authorisation
granted
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 COLLIERY ENVIRONMENTAL AUTHORISATION GRANTED
CoAL is pleased to advise that with reference to the application for
rectification in terms of Section 24G of the South African National
Environmental Management Act, 107 of 1998 ("NEMA") authorisation has been
granted by the Department of Environmental Affairs ("DEA") with effect from 5
July 2011. As expected the authorisation contains specific conditions the
Company will be required to fulfil due to the uniqueness of the area.
The construction phase at Vele is expected to be completed within six to nine
months from the restart date and will ultimately ramp up to an initial
production profile of 1 million tonnes per annum. Re-employment of staff and
contractors will be phased in line with the production ramp-up.
John Wallington, Chief Executive Officer of CoAL commented, "We welcome the
decision by the DEA which acknowledges the Company`s efforts in achieving
compliance under NEMA. As stated previously the Colliery has an approved NOMR
and Environmental Management Program from the Department of Mineral
Resources. This development is a further significant step towards the re-
opening of the mine. Vele has the potential to bring significant positive
benefits to the Limpopo region and to the South African economy as a whole.
We are very aware of our broader obligation to the responsible development of
our assets, and we are acutely aware of the sensitivity of the area and the
significant responsibilities the approval brings. We are committed to
engaging continually with all key stakeholders as development resumes and
operations commence."
The Company will update the market of further developments in this regard.
Authorised by
JOHN WALLINGTON
Chief Executive Officer
Bryanston
06 July 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
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: 06/07/2011 07:05:11 Produced by the JSE SENS Department.
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