| Wed 4 Apr 2012, 14:20 | | CZA - Coal of Africa Limited - Resignation of a Non-Executive Director |
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CZA
CZA
CZA - Coal of Africa Limited - Resignation of a Non-Executive Director
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")
DIRECTOR DECLARATION
Pursuant to Rule 17 of the AIM Rules for Companies ("AIM Rules"), Coal of
Africa Limited (`CoAL` or the `Company`) announces the following change to
a director`s disclosure under Schedule Two, Paragraph (g) of the AIM Rules:
Stephen Bywater, a Non-Executive Director of the Company has resigned from
the Board of GCM Resources plc, effective 31st March 2012.
Save as disclosed above, there is no further information to be disclosed
under the AIM Rules.
AUTHORISED BY:
Shannon Coates
Company Secretary
4 April 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
Jeremy Ellis/Chris Sim/Neil Elliot
Nominated Adviser
Evolution Securities
+44 20 7071 4300
Jos Simson/Emily Fenton
Financial PR
Tavistock
+44 207 920 3150
Charmane Russell
Financial PR S.Africa
Russell & Associates
+27 11 880 3924
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: 04/04/2012 14:20:02 Produced by the JSE SENS Department.
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