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CZA
CZA
CZA - Coal of Africa Limited - Headline loss per share for the half-year
ended 31 December 2011
Coal of Africa Limited
(Incorporated and registered in Australia)
(Registration number ABN 008 905 388)
ISIN AU000000CZA6
JSE/ASX/AIM share code: CZA
("CoAL or the "Company" or the "Group")
HEADLINE LOSS PER SHARE FOR THE HALF-YEAR ENDED 31 DECEMBER 2011
Pursuant Paragraph 18.19 (c) of the JSE Limited Listings Requirements, set
out below is Headline loss per share for the half-year ended 31 December
2011 and the related disclosure:
December December
2011 2010
Headline Loss Reconciliation
Loss after tax for the period
attributable to ordinary shareholders -74 694 -66 539
Diminution in value of assets and
investments 1 927 11 384
Headline loss after tax for the period
attributable to ordinary shareholders -72 767 -55 155
Headline loss per share (cents per
shares) -13.02 -10.40
15 March 2012
For more information contact:
John Wallington
Chief Executive Officer
Coal of Africa
+27 11 575 7423
Wayne Koonin
Financial Director
Coal of Africa
+27 11 575 6797
Shannon Coates
Company Secretary
Coal of Africa
+61 893 226 776
Sakhile Ndlovu
IR & PR Manager
Coal of Africa
+27 11 575 6858 or 27 83 306 7058
Chris Sim/Jeremy Ellis/Neil Elliot
Nominated Adviser
Investec Bank plc
+44 20 7071 4300
Jos Simson/Emily Fenton
Financial PR
Tavistock
+44 207 920 3150
Charmane Russell/Jane Kamau
Financial PR S.Africa
Russell & Associates
+27 11 880 3924
+27 82 372 5816
www.coalofafrica.com
Ruben Govender
Sponsor
J.P. Morgan Equities Limited
+27 11 507 0430
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. 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 ROM feed
tonnes per month.
CoAL`s Vele Colliery commenced production in Q3FY2012. During the initial
phase, the operation is targeting 2.7Mtpa ROM production to produce 1Mtpa of
saleable coking coal. The Makhado Project, CoAL`s flagship project in the
Soutpansberg coalfield, is well into the feasibility stage, with a DFS
completed. 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: 15/03/2012 16:15:01 Produced by the JSE SENS Department.
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