TIDMCZA
RNS Number : 3435L
Coal of Africa Limited
29 July 2011
Rule 5.3
Appendix 5B
Mining exploration entity quarterly report
Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98,
30/9/2001, 01/06/10.
Name of entity
Coal of Africa Limited
------------------------------------
ABN Quarter ended ("current
quarter")
98 008 905 388 30 June 2011
---------------------------- --------------------------
Consolidated statement of cash flows
Year to date
Current quarter (12.months)
Cash flows related to operating activities $A'000 $A'000
---------------- -------------
Receipts from product sales and
1.1 related debtors 111,286 306,357
Payments for (a)
exploration &
evaluation (b) - (1,628)
development (c) - -
production (d) (64,338) (229,224)
logistics (e) (12,978) (32,617)
1.2 administration (6,816) (42,231)
1.3 Dividends received - -
Interest and other items of a
1.4 similar nature received 448 1,767
Interest and other costs of finance
1.5 paid (621) (1,517)
1.6 Income taxes paid - (8,155)
1.7 Other (provide details if material) - -
Net Operating Cash Flows 26,981 (7,248)
----- -------------------------------------- ---------------- -------------
Cash flows related to investing
activities
Payment for purchases of: (a)
prospects - (1,856)
(b) equity investments - (4,849)
1.8 (c) other fixed assets (15,131) (55,649)
Proceeds from sale of: (a) prospects - -
(b) equity investments - -
1.9 (c) other fixed assets - 2,943
1.10 Loans to other entities - -
1.11 Loans repaid by other entities - -
1.12 Other (provide details if material) - -
Net investing cash flows (15,131) (59,411)
---------------- -------------
Total operating and investing
1.13 cash flows (carried forward) 11,850 (66,659)
----- -------------------------------------- ---------------- -------------
Total operating and investing
1.13 cash flows (brought forward) 11,850 (66,659)
----- ------------------------------------
Cash flows related to financing
activities
Proceeds from issues of shares,
1.14 options, etc. 250 312
Proceeds from sale of forfeited
1.15 shares - -
1.16 Proceeds from borrowings 10,953 31,876
1.17 Repayment of borrowings (8,018) (28,679)
1.18 Dividends paid - -
1.19 Other (provide details if material) - -
-------- ---------
Net financing cash flows 3,185 3,509
----- ------------------------------------ ---------
Net increase (decrease) in cash
held 15,035 (63,150)
Cash at beginning of quarter/year
1.20 to date 25,113 101,063
Exchange rate adjustments to
1.21 item 1.20 (5,268) (3,033)
-------- ---------
1.22 Cash at end of quarter 34,880 34,880
----- ------------------------------------ -------- ---------
Payments to directors of the entity and associates of the
directors
Payments to related entities of the entity and associates of the
related entities
Current quarter $A'000
---------------------------
Aggregate
amount of
payments to
the parties
included in
1.23 item 1.2 337
---------------------------
1.24 Aggregate -
amount of
loans to the
parties
included in
item 1.10
------------------- ---------------------------- ---------------------------
1.25 Explanation necessary for an understanding
of the transactions
Non-cash financing and investing activities
2.1 Details of financing and investing transactions which have
had a material effect on consolidated assets and liabilities
but did not involve cash flows
2.2 Details of outlays made by other entities to establish or
increase their share in projects in which the reporting entity
has an interest
Financing facilities available
Add notes as necessary for an understanding of the position.
Amount available Amount used
$A'000 $A'000
3.1 Loan facilities 16,434 30,753
----------------- ------------
3.2 Credit standby arrangements 9,976 -
---- ---------------------------- ----------------- ------------
Estimated cash outflows for next quarter
$A'000
-------
4.1 Exploration and evaluation 617
-------
4.2 Development 4,894
-------
4.3 Production 45,215
-------
4.4 Logistics 25,864
-------
4.5 Administration 3,016
-------
Total 79,606
---- --------------------------- -------
Reconciliation of cash
Reconciliation of cash at the end
of the quarter (as shown in the
consolidated statement of cash
flows) to the related items in Current quarter Previous quarter
the accounts is as follows. $A'000 $A'000
------------------------------------ ---------------- -----------------
5.1 Cash on hand and at bank 19,257 23,475
---------------- -----------------
5.2 Deposits at call 15,623 1,638
---------------- -----------------
5.3 Bank overdraft - -
---------------- -----------------
5.4 Other (provide details) - -
---------------- -----------------
Total: cash at end of quarter
(item 1.22) 34,880 25,113
---- ------------------------------ ---------------- -----------------
Changes in interests in mining tenements
Tenement Nature of Interest at Interest at
reference interest beginning of end of
(note quarter quarter
(2))
----------- ----------- -------------- --------------
6.1 Interests in
mining
tenements
relinquished,
reduced or
lapsed
----------- ----------- -------------- --------------
6.2 Interests in
mining
tenements
acquired or
increased
----------- ----------- -------------- --------------
Issued and quoted securities at end of current quarter
Description includes rate of interest and any redemption or
conversion rights together with prices and dates.
Issue price Amount paid
per up per
security security
Number (see note (see note
Total number quoted 3) (cents) 3) (cents)
--------------------- ------------- ------------ ------------ ------------
Preference
+securities
7.1 (description) Nil
------------- ------------ ------------ ------------
Changes
during
7.2 quarter
----- -------------- ------------- ------------ ------------ ------------
+Ordinary
7.3 securities 531,139,661 531,139,661
------------- ------------ ------------ ------------
Changes
during
quarter (a)
Increases
through
issues (b)
Decreases
through
returns of
capital,
7.4 buy-backs
+Convertible
debt
securities
7.5 (description) Nil
------------- ------------ ------------ ------------
Changes
during
quarter (a)
Increases
through
issues (b)
Decreases
through
securities
matured,
7.6 converted
Options
(description Exercise
and price
conversion See Note Expiry date
7.7 factor) 28,903,062 Nil 6 See Note 6
------------- ------------ ------------ ------------
Issued during See Note
7.8 quarter Nil Nil 6 See Note 6
------------- ------------ ------------ ------------
Exercised
during See Note
7.9 quarter 500,000 Nil 6 See Note 6
------------- ------------ ------------ ------------
7.10 Expired Nil Nil
during
quarter
------------- ------------
7.11 Debentures Nil
(totals
only)
------------- ------------
7.12 Unsecured Nil
notes (totals
only)
------------- ------------
Compliance statement
1 This statement has been prepared under accounting policies
which comply with accounting standards as defined in the
Corporations Actor other standards acceptable to ASX (see note
4).
2 This statement does give a true and fair view of the matters
disclosed.
29 July 2011
Sign here:
............................................................ Date:
............................
(Company secretary)
SHANNON COATES
Print name:
.........................................................
Notes
1 The quarterly report provides a basis for informing the market
how the entity's activities have been financed for the past quarter
and the effect on its cash position. An entity wanting to disclose
additional information is encouraged to do so, in a note or notes
attached to this report.
2 The "Nature of interest" (items 6.1 and 6.2) includes options
in respect of interests in mining tenements acquired, exercised or
lapsed during the reporting period. If the entity is involved in a
joint venture agreement and there are conditions precedent which
will change its percentage interest in a mining tenement, it should
disclose the change of percentage interest and conditions precedent
in the list required for items 6.1 and 6.2.
3 Issued and quoted securities The issue price and amount paid
up is not required in items 7.1 and 7.3 for fully paid
securities.
4 The definitions in, and provisions of, AASB 1022: Accounting
for Extractive Industries and AASB 1026: Statement of Cash Flows
apply to this report.
5 Accounting Standards ASX will accept, for example, the use of
International Accounting Standards for foreign entities. If the
standards used do not address a topic, the Australian standard on
that topic (if any) must be complied with.
6 Issued and Quoted Options as at 31 December 2010:
Number Number Exercise Expiry Lapsed Since
Issued Quoted Price Date End of
quarter
8,450,000 - A$0.50 30 September -
2011
7,000,000 - A$1.25 30 September -
250,000 - A$2.05 2012 1 May 2012 -
1,000,000 - A$1.90 30 September -
600,000 - A$1.25 2012 1 May 2012 -
1,650,000 - A$3.25 31 July 2012 30 -
912,500 - A$1.90 June 2014 30 -
5,000,000 - A$2.74 November 2014 9 -
2,500,000 - A$1.20 November 2015 1 -
1* - GBP0.60 November 2014 -
1,540,561 - A$1.40 30 September -
2015
*1 Option to subscribe for 50 million ordinary shares for 60
pence each between 1 November 2010 and 1 November 2014 as approved
by shareholders on 22 April 2010
== == == == ==
This information is provided by RNS
The company news service from the London Stock Exchange
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