| Mon 24 Oct 2011, 10:00 | | CZA - Coal of Africa Limited - Posting of Annual Report 2011 |
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CZA
CZA
CZA - Coal of Africa Limited - Posting of Annual Report 2011
Coal of Africa Limited
(previously "GVM Metals Limited")
(Incorporated and registered in Australia)
(Registration number ABN 008 905 388)
ISIN AU000000CZA6
JSE/ASX/AIM share code: CZA
("CoAL or the "Company")
POSTING OF ANNUAL REPORT 2011
Coal of Africa Limited, the coal exploration, development and mining company
operating in South Africa and traded on the ASX, AIM and JSE, announces that the
Annual Report, Accounts for the financial year ended 30 June 2011 and Notice of
the Annual General Meeting to be held on 23 November 2011 have today been posted
to shareholders. These documents are available on the Company`s website
www.coalofafrica.com.
24 October 2011
Johannesburg
JSE Sponsor
Macquarie First South Capital (Pty) Ltd
For more information contact:
Shannon Coates
Company Secretary
Coal of Africa
+61 893 226 776
Sakhile Ndlovu
Investor Relations Manager
Coal of Africa
+27 11 575 4363
Chris Sim/ Romil Patel
Nominated Adviser
Evolution Securities
+44 20 7071 4300
Jos Simson/Emily Fenton
Financial PR
Tavistock
+44 207 920 3150
Melanie de Nysschen/ Annerie Britz/ Yvette Labuschagne
JSE Sponsor
Macquarie
+27 11 583 2000
Charmane Russell/James Duncan
Financial PR (South Africa)
Russell & Associates
+27 11 880 392
+27 82 372 5816
www.coalofafrica.com
About CoAL:
CoAL is an AIM/ASX/JSE listed coal exploration, development and mining company
operating in South Africa. CoAL`s key projects include the Vele Colliery (coking
and thermal coal), the Makhado Project (coking coal) and the Mooiplaats and
Woestalleen Collieries (both thermal coal).
The Mooiplaats Colliery commenced production in 2008 and is currently ramping up
to produce 2 Mtpa. The Woestalleen Colliery, acquired through the acquisition of
NuCoal Mining (Pty) Limited in January 2010, currently processes approximately
2.5Mtpa of saleable coal for domestic and export markets. The Woestalleen
Complex also incorporates three beneficiation plants with a total processing
capacity of 350,000 run of mine feed tonnes per month.
CoAL`s Vele Colliery is expected to start production in Q1 2012. During the
initial phase, the operation is targeting 2.7 Mtpa ROM production to produce
1.0Mtpa saleable coking coal. The Makhado Project, CoAL`s flagship project in
the Soutpansberg coalfield, is well into the feasibility stage, with a
Definitive Feasibility Study nearing completion. An application for a New Order
Mining Right for the Makhado Project was submitted in January 2011.
In November 2010, CoAL agreed to acquire the Chapudi coal project and several
other coal exploration properties in the Soutpansberg coal basin in South Africa
from the previous owners, including Rio Tinto. Upon completion, the acquisition
of these projects will significantly extend the scale and scope of certain of
CoAL`s existing projects in the region and will more than double the resource of
the existing Makhado Project.
Date: 24/10/2011 10:00:02 Produced by the JSE SENS Department.
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