Posting of Annual Report (0119X)
November 30 2010 - 2:00AM
UK Regulatory
TIDMCZA
RNS Number : 0119X
Coal of Africa Limited
30 November 2010
ANNOUNCEMENT 30 NOVEMBER 2010
Posting of Annual Report
Coal of Africa Limited ("CoAL" or "the Company"), the
AIM/ASX/JSE listed coal mining and development company operating in
South Africa (ticker: CZA) announces that the Annual Report and
Accounts for the year ended 30 June 2010 have been posted to
Shareholders and are available on the Company's website at
www.coalofafricareport.com.
Yours sincerely
JOHN WALLINGTON
Chief Executive Officer
For more information contact:
John Wallington / Blair Sergeant CoAL +27 (0) 11 575 4363
Simon Edwards / Chris Sim Evolution Securities +44 (0) 20 7071
4300
Jos Simson / Leesa Peters Conduit PR +44 (0) 20 7429 6603
Melanie de Nysschen/ Annerie Britz Macquarie First South
Advisers +27 (0) 11 583 2000
www.coalofafrica.com
About CoAL
CoAL is an AIM/ASX/JSE listed coal mining and development
company operating in South Africa. CoAL's key projects include the
Woestalleen Colliery, the Mooiplaats thermal coal mine, the Vele
coking coal project and the Makhado coking coal project.
The Mooiplaats coal mine commenced production in 2008 and is
currently ramping up to produce 2 million tonnes per annum
("Mtpa"). CoAL's Makhado coking coal project is expected to start
production in 2012 and timing for Vele to reach production is still
to be confirmed. These operations are targeted to collectively
produce an initial 2 Mtpa ramping up to a combined annual output of
10 Mtpa of coking coal.
In 2010, CoAL completed the ZAR467m acquisition of NuCoal Mining
(Pty) Limited ("NuCoal"), a thermal coal producer with assets in
South Africa in close proximity to CoAL's Mooiplaats mine. NuCoal
owns the Woestalleen Colliery, which has a number of off-take
contracts in place and processes approximately 2.5Mtpa of saleable
coal for domestic and export markets. NuCoal also owns two
beneficiation plants, one fully operational mine producing
approximately 300kt per month of ROM coal and has recently
commenced production at a second mine.
CoAL currently has 1 Mtpa export capacity at the Matola Terminal
in Maputo, Mozambique, increasing to 3 Mtpa on completion of the
next phase of expansion at the terminal. CoAL also has the option
to participate in further expansion at the Matola Terminal, which
is expected to increase the capacity at the terminal by an
additional 10 Mtpa
This information is provided by RNS
The company news service from the London Stock Exchange
END
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