Director/PDMR Shareholding (3321J)

TIDMCZA

RNS Number : 3321J

Coal of Africa Limited

29 June 2011

ANNOUNCEMENT 29 JUNE 2011

DIRECTOR'S CHANGE OF INTEREST

Please find attached an Appendix 3Y "Change of Director's Interest Notice" provided on behalf of Mr Simon Farrell. Mr Farrell has advised the Company this sale of shares was undertaken to provide funds to assist with the purchase of a residence in London.

AUTHORISED BY:

Shannon Coates

Company Secretary

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

Chris Sim / Romil Patel / Jeremy Ellis Nominated Adviser Evolution Securities +44 20 7071 4300

Yvette Labuschagne / Annerie Btiz/ JSE Sponsor Macquarie +27 11 583 2000

Melanie de Nysschen

Jos Simson / Emily Fenton Financial PR Tavistock +44 207 920 3150

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 thermal 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 2013 and timing for Vele to reach production is still to be confirmed. These operations are targeted to collectively produce an initial 2mtpa ramping up to a combined annual output of 10mtpa of coking coal.

In 2010, CoAL completed the ZAR467 million 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 Zonnebloem mine producing approximately 300kt per month of ROM coal and has recently commenced production at a Hartogshoop mine.

This information is provided by RNS

The company news service from the London Stock Exchange

END

RDSLIFIRRDIAFIL

Coal of Africa (LSE:CZA)
Historical Stock Chart
From May 2024 to Jun 2024