Director Declaration (8211A)
April 04 2012 - 7:00AM
UK Regulatory
TIDMCZA
RNS Number : 8211A
Coal of Africa Limited
04 April 2012
-ANNOUNCEMENT 4 April 2012
Director Declaration
Pursuant to Rule 17 of the AIM Rules for Companies ("AIM
Rules"), Coal of Africa Limited ('CoAL' or the 'Company') announces
the following change to a director's disclosure under Schedule Two,
Paragraph (g) of the AIM Rules:
Stephen Bywater, a Non-Executive Director of the Company has
resigned from the Board of GCM Resources plc, effective 31st March
2012.
Save as disclosed above, there is no further information to be
disclosed under the AIM Rules.
AUTHORISED BY:
Shannon Coates
Company Secretary
For more information contact
John Wallington Chief Executive Officer Coal of Africa
+27 11 575 4363
Wayne Koonin Financial Director Coal of Africa +27 11 575
4363
Shannon Coates Company Secretary Coal of Africa +61 893 226
776
Chris Sim/ Jeremy Ellis/ Neil Elliot Nominated
Adviser Investec Bank plc +44 20 7071 4300
Jos Simson/Emily Fenton Financial PR (United Kingdom) Tavistock +44 207 920 3150
Reuben Govender JSE Sponsor J.P. Morgan Equities
Limited +27 11 507 0430
Charmane Russell/Jane Kamau Financial PR (South Africa) Russell
& Associates +27 11 880 3924
+27 82 372 5816
www.coalofafrica.com
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
END
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