Operational update
September 15 2009 - 2:00AM
UK Regulatory
TIDMCZA
RNS Number : 0146Z
Coal of Africa Limited
15 September 2009
ANNOUNCEMENT15 SEPTEMBER 2009
COAL LOADS FIRST TRAIN AT MOOIPLAATS
Further to its Market Update on 13 July 2009, Coal of Africa Limited ("CoAL" or
the "Company"), the AIM/ASX/JSE listed coal mining and development company
operating in South Africa (ticker: CZA), is pleased to announce it has
successfully completed its first sale and loading of its first train of mid
volatile "lean" coal mined at the Company's Mooiplaats thermal coal project in
the Mpumalanga Province, South Africa ("Mooiplaats Project").
CoAL began trucking the coal from the Mooiplaats Project on 8 September 2009,
with the first train loaded on 11 September and the second train loaded the
following day, both at the Umlabo siding bound for the Matola Terminal in
Maputo, Mozambique.
The Company will continue to load further trains to utilise the maximum
available stockpile at the Matola Terminal of approximately 80,000 tonnes. The
shipping program is anticipated to commence in the last of quarter of calendar
2009.
Simon Farrell, Managing Director, today commented "This is a very exciting time
for the Company. Reaching this major milestone marks the transition from an
exploration and development company into a mining company. The system is now in
place to facilitate the ramp up of production once mining of the export quality
thermal coal commences, which as previously advised is expected to be in
November at the earliest or Q1 2010 at the latest."
AUTHORISED BY:
Simon Farrell
Managing Director
For more information contact:
Simon Farrell, Managing Director CZA
+61 417 985 383 or +61(8) 9322 6776
Peter Bacchus/ Alastair Cochran Morgan
Stanley+44(0) 20 7425 8000
Simon Edwards/ Chris Sim
Evolution Securities+44(0) 20 7071 4300
Jos Simson/ Leesa PetersConduit PR +44(0) 20 7429 6603
Melanie de Nysschen
Macquarie First South Advisers+27(11) 583 2000
About CoAL:
Coal of Africa Limited ("CoAL") is primarily focused on the acquisition,
exploration and development of thermal and metallurgical coal projects. The
Company's key projects, along with its leading metals processing company NiMag
Group (Pty) Ltd are in South Africa. The Company was incorporated in Western
Australia and listed in 1980. Since 2005, the Company has also listed on both
the AIM and JSE markets, allowing further growth in the Company's coal assets.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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