| Fri 22 Jun 2012, 17:02 | | CZA - Coal of Africa Limited - Change of name of nominated adviser |
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CZA
CZA
CZA - Coal of Africa Limited - Change of name of nominated adviser
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")
CHANGE OF NAME OF NOMINATED ADVISER
Coal of Africa Limited ("CoAL" or the "Company") announces that following the
acquisition of the Evolution Group plc by Investec Plc, it has appointed
Investec Bank plc as Nominated Adviser and Joint Broker with immediate
effect.
AUTHORISED BY:
John Wallington
Chief Executive Officer
22 June 2012
For more information contact:
John Wallington
Chief Executive Officer
Coal of Africa
+27 11 575 4363
Wayne Koonin
Financial Director
Coal of Africa
+27 11 575 4363
Shannon Coates
Company Secretary
Coal of Africa
+61 89 322 6776
Sakhile Ndlovu
Investor Relations
Coal of Africa
+27 11 575 6858
Ruben Govender
JSE Sponsor
J.P. Morgan Equities Limited
+27 11 507 0430
Charmane Russell/Jane Kamau
Financial PR (South Africa)
Russell & Associates
+27 11 880 3924/+27 82 372 5816
Jos Simson/Emily Fenton
Financial PR (United Kingdom)
Tavistock
+44 20 7920 3150
Chris Sim/Neil Elliot
Nominated Adviser
Investec
+44 20 7071 4300
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 Greater Soutpansberg Project,
including CoAL`s 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 (ROM) feed tonnes per
month.
CoAL`s Vele Colliery commenced production in Q1 2012. During the initial
phase, the operation is targeting 2.7 Mtpa ROM production to produce 1.0Mtpa
of 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 having been reviewed by the CoAL Board in March 2012. An
application for a New Order Mining Right for the Makhado Project was
submitted in January 2011.
In May 2012, CoAL acquired the Chapudi coal project and several other coal
exploration properties in the Soutpansberg coal basin in South Africa,
subsequently renamed the Greater Soutspansberg Project, from the previous
owners, including Rio Tinto. The Greater Soutpansberg Project is a
consolidation of nine potential coking and thermal coal assets grouped into
three proximate regions, namely Mopane, Makhado and Chapudi. The acquisition
of these assets strengthens Coal of Africa`s position as one of the most
substantial holders of prospecting and mining rights for coking coal in South
Africa`s Soutpansberg coalfield.
Date: 22/06/2012 17:02:39 Produced by the JSE SENS Department.
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