Coal of Africa Limited Flooding in Limpopo Province impacts Vele Colliery (0459W)
January 22 2013 - 2:00AM
UK Regulatory
TIDMCZA
RNS Number : 0459W
Coal of Africa Limited
22 January 2013
ANNOUNCEMENT 22 January 2013
Flooding in Limpopo Province impacts Vele Colliery
Coal of Africa Limited ("CoAL") advises that, following heavy
rains in the Limpopo Province, operations at its Vele Colliery
("Vele" or "the Colliery") have been forced to stop due to
flooding. The mine site has recorded 500mm rainfall in the past
five days compared to 450mm normal rainfall per annum. CoAL expects
normal operations to resume in approximately seven days subject to
receding rainfall. Vele currently has 5,500 tonnes stockpile of
thermal coal product and produces 7,000 saleable tonnes per
week.
CoAL's lodge and management facility, Dongola Ranch, near Vele
Colliery, has become a crisis communications hub and a safe haven
for people stranded near the Mapungubwe World Heritage Site and
surrounding farms. Doctors without Borders/Médecins Sans
Frontières, the South African Police Services and the Musina Local
Municipality have set up a base at Dongola where an expected number
of more than 150 flood victims, some of which have been stranded on
rooftops in the greater Mapungubwe area and rescued by military
helicopter, are expected to seek shelter.
For more information contact:
+27 11 575
David Brown Chairman Coal of Africa 4363
Chief Executive +27 11 575
John Wallington Officer Coal of Africa 4363
+27 11 575
Sakhile Ndlovu Investor Relations Coal of Africa 6858
Endeavour Corporate +61 08 9316
Tony Bevan Company Secretary Services 9100
Company advisors:
Jos Simson/Emily Financial PR (United +44 20 7920
Fenton Kingdom) Tavistock 3150
Investec Bank +44 20 7597
Chris Sim/Neil Elliot Nominated Adviser plc 5970
Charmane Russell/James Financial PR (South Russell & Associates +27 11 880
Duncan Africa) 3924 or
+27 82 372
5816
Investec Bank Limited is the nominated JSE Sponsor
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 Greater
Soutpansberg Project, including CoAL's Makhado Project (coking
coal) and the Mooiplaats and Woestalleen Collieries (both thermal
coal). Vele Colliery commenced extraction of ROM material in
December 2011 and had produced 254 760 m(3) of ROM tonnes of
thermal coal by the end of first quarter 2013.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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