Last checked at 13 Dec 2012 09:00
ANNOUNCEMENT 13 December 2012
178 Mooiplaats employees re-instated
Coal of Africa Limited ("the Company") advises that it has signed a Memorandum of Understanding ("MOU") with the National Union of Mineworkers ("NUM") relating to the dismissal on 6 December 2012 of 178 employees of the Company's Mooiplaats mine. In terms of the MOU, the Company has agreed to re-instate the employees on the following terms:
·; without pay for the period 3 to 12 December 2012 inclusive;
·; all 178 will be issued with final written warning letters, valid for one year, for engaging in un-procedural industrial action;
·; resumption of their normal shifts from 06:00 on 13 December 2012; and
·; all pending disciplinary cases will follow due process
The Company expects to return to normal production by the end of next week. The copy of the MOU is available on the Company's website - www.coalofafrica.com
Authorised by
JOHN WALLINGTON
Chief Executive Officer
13 December 2012
For more information contact:
David Brown | Chairman | Coal of Africa | +27 11 575 4363 |
John Wallington | Chief Executive Officer | Coal of Africa | +27 11 575 4363 |
Sakhile Ndlovu | Investor Relations | Coal of Africa | +27 11 575 6858 |
Company advisors:
Jos Simson/Emily Fenton | Financial PR (United Kingdom) | Tavistock | +44 20 7920 3150 |
Chris Sim/Neil Elliot | Nominated Adviser | Investec Bank plc | +44 20 7597 5970 |
Charmane Russell/James Duncan | Financial PR (South Africa) | Russell & Associates | +27 11 880 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).