Director Declaration (7729E)
June 06 2012 - 3:50AM
UK Regulatory
TIDMCZA
RNS Number : 7729E
Coal of Africa Limited
06 June 2012
ANNOUNCEMENT 6 JUNE 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:
Peter Cordin, a Non-Executive Director of the Company has
stepped down from his role as an Executive Director of Dragon
Mining Limited, he will continue to serve as Non-Executive
Chairman.
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
Sakhile Ndlovu Investor Relations Coal of Africa +27 11 575
6858
Chris Sim/Jeremy Ellis/Neil Elliot Nominated Adviser
Evolution Securities +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 and is
currently ramping up to produce 2 Mtpa. 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 run-of-mine (ROM) feed tonnes per month.
CoAL's Vele Colliery started commercial production in Q1 2012.
During the initial phase, the operation is targeting 2.7 Mtpa ROM
production to produce 1.0Mtpa of saleable coking coal. The Makhado
Project, CoAL's flagship project in the Soutpansberg coalfield, is
well into the feasibility stage, with a Definitive Feasibility
Study having been reviewed by the CoAL Board in March 2012. An
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. The acquisition of the Chapudi Coal Assets
strengthens Coal of Africa's position as one of the most
substantial holders of prospecting and mining rights for coking
coal in South Africa's Soutpansberg coalfield.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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