CZA Coal of Africa

TIDMCZA

RNS Number : 4398Z

Coal of Africa Limited

15 March 2012

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")

HEADLINE LOSS PER SHARE FOR THE HALF-YEAR ENDED 31 DECEMBER 2011

Pursuant Paragraph 18.19 (c) of the JSE Limited Listings Requirements, set out below is Headline loss per share for the half-year ended 31 December 2011 and the related disclosure:

 
                                                  December   December 
                                                      2011       2010 
 Headline Loss Reconciliation 
 Loss after tax for the period attributable 
  to ordinary shareholders                         -74 694    -66 539 
 Diminution in value of assets and investments       1 927     11 384 
 Headline loss after tax for the period 
  attributable to ordinary shareholders            -72 767    -55 155 
 
 Headline loss per share (cents per shares)         -13.02     -10.40 
 

15 March 2012

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

Shannon Coates

Coal of Africa

+61 893 226 776

Sakhile Ndlovu

IR & PR Manager

Coal of Africa

+27 11 575 6858 or 27 83 306 7058

Chris Sim/Jeremy Ellis/Neil Elliot

Nominated Adviser

Investec Bank plc

+44 20 7071 4300

Jos Simson/Emily Fenton

Financial PR

Tavistock

+44 207 920 3150

Charmane Russell/Jane Kamau

Financial PR S.Africa

Russell & Associates

+27 11 880 3924

+27 82 372 5816

www.coalofafrica.com

Ruben Govender

Sponsor

J.P. Morgan Equities Limited

+27 11 507 0430

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 Makhado Project (coking coal) and the Mooiplaats and Woestalleen Collieries (both thermal coal).

The Mooiplaats Colliery commenced production in 2008. 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 ROM feed tonnes per month.

CoAL's Vele Colliery commenced production in Q3FY2012. During the initial phase, the operation is targeting 2.7Mtpa ROM production to produce 1Mtpa of saleable coking coal. The Makhado Project, CoAL's flagship project in the Soutpansberg coalfield, is well into the feasibility stage, with a DFS completed. Application for a new order mining right for the Makhado Project was submitted in January 2011.

In November 2010, CoAL agreed to acquire the Chapudi coal project and several other coal exploration properties in the Soutpansberg coal basin in South Africa from the previous owners, including Rio Tinto. Upon completion, the acquisition of these projects will significantly extend the scale and scope of certain of CoAL's existing projects in the region and will more than double the resource of the existing Makhado Project.

This information is provided by RNS

The company news service from the London Stock Exchange

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