| Tue 3 Jul 2012, 11:44 | | Coal of Africa Ltd - Notice of Substantial Holdings |
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CZA
Notice of Substantial Holdings
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")
NOTICE OF SUBSTANTIAL HOLDINGS IN COMPANY
The Company was notified on 2 July 2012 by M&G Investments
('M&G') that, as at 28 June 2012 M&G held 119,670,000 ordinary
shares of nil par value each in the Company, representing
17.96 per cent of the Company's issued share capital.
AUTHORISED BY:
Shannon Coates
Company Secretary
03 July 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
+61 893 226 776
Chris Sim/ Jeremy Ellis/ Neil Elliot
Nominated Adviser
Investec Bank plc
+44 20 7071 4300
Jos Simson/Emily Fenton
Financial PR (United Kingdom)
Tavistock
+44 207 920 3150
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
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: 03/07/2012 11:44:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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