Coal of Africa Limited Transnet Freight Rail confirm re-opening of Matola (1316C)

TIDMCZA

RNS Number : 1316C

Coal of Africa Limited

11 April 2013

   ANNOUNCEMENT                                                                         11 April 2013

Transnet Freight Rail confirm re-opening of Matola Corridor

Further to the announcement of 11 April 2013 regarding the re-opening of the Matola Corridor, Coal of Africa Limited (the "Company" or "CoAL") advises that Transnet Freight Rail ("TFR") has now officially confirmed that the line is expected to be re-opened and operational from 19 April 2013. The bridge will be opened after the accreditation process is completed by the Mozambique rail operator, Portos é Caminhos de Ferro de Mozambique engineers.

TFR has stated that track repairs will continue for several months whilst the line is operational. The Company still anticipates that exports will resume during May 2013 and the force majeure will remain in effect until the rail system has reached its normal operating capacity.

AUTHORISED BY:

John Wallington

Chief Executive Officer

For more information contact:

 
                                                            +27 11 
 David Brown        Chairman              Coal of Africa     575 4363 
                    Chief Executive                         +27 11 
 John Wallington     Officer              Coal of Africa     575 4363 
                                                            +27 11 
 Sakhile Ndlovu     Investor Relations    Coal of Africa     575 6858 
                                          Endeavour 
                                           Corporate        +61 08 
 Tony Bevan         Company Secretary      Services          9316 9100

Company advisors:

 
 Chris Sim/Neil            Nominated      Investec Bank    +44 20 
  Elliot                    Adviser        plc              7597 5970 
                           Financial 
 Jos Simson/Emily           PR (United                     +44 20 
  Fenton                    Kingdom)      Tavistock         7920 3150 
 Charmane Russell/James    Financial      Russell &        +27 11 
  Duncan                    PR (South      Associates       880 3924 
                            Africa)                         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).

This information is provided by RNS

The company news service from the London Stock Exchange

END

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