MCM.L Regulatory News (MCM)

Name of entity

Coal of Africa Limited

ABN

Quarter ended ("current quarter")

98 008 905 388

31 December 2009

Cash flows related to operating activities

Current quarter

$A'000

Year to date

(6 months)

$A'000

1.1

Receipts from product sales and related debtors

9,188

17,881

1.2

Payments for (a) exploration and evaluation

(b) development

(c) production

(d) administration 

(1,858)

(41,359)

(1,562)

(5,057)

(3,985)

(63,188)

(5,191)

(11,632)

1.3

Dividends received

1.4

Interest and other items of a similar nature received

593

1,151

1.5

Interest and other costs of finance paid

(12)

(40)

1.6

Income taxes paid

-

(18)

1.7

Other 

-

-

Net Operating Cash Flows

(40,067)

(65,022)

Cash flows related to investing activities

1.8

Payment for purchases of: (a)prospects 

(b)equity investments

(c) other fixed assets

-

(1,998)

(8,655)

-

(10,170)

(15,542)

1.9

Proceeds from sale of: (a)prospects 

(b)equity investments 

(c)other fixed assets

-

-

- 

-

-

- 

1.10

Loans to other entities

 -

 -

1.11

Loans repaid by other entities

-

-

1.12

Other (provide details if material - Note 6)

- 

- 

Net investing cash flows

(10,653)

(25,712)

1.13

Total operating and investing cash flows (carried forward)

(50,720)

(90,734)

1.13

Total operating and investing cash flows (brought forward)

(50,720)

(90,734)

Cash flows related to financing activities

1.14

Proceeds from issues of shares, options, etc.(net) -see note 7.4 below

98,058

98,058

1.15

Proceeds from sale of forfeited shares

-

-

1.16

Proceeds from borrowings

-

-

1.17

Repayment of borrowings

-

-

1.18

Dividends paid

-

-

1.19

Other (Exchange rate related movements in foreign borrowings and reserves)

-

-

Net financing cash flows

 98,058

 98,058

Net increase (decrease) in cash held

47,338

7,324

1.20

Cash at beginning of quarter/year to date

47,030

87,033

1.21

Exchange rate adjustments to item 1.20

19 

30 

1.22

Cash at end of quarter

94,387 

94,387

Current quarter

$A'000

1.23

Aggregate amount of payments to the parties included in item 1.2

581

1.24

Aggregate amount of loans to the parties included in item 1.10

-

1.25

Explanation necessary for an understanding of the transactions

2.1

Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows

2.2

Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest

Amount available

$A'000 

Amount used

$A'000

3.1

Loan facilities 

-

-

3.2

Credit standby arrangements

4,529

-

$A'000

4.1

Exploration and evaluation

(2,500)

4.2

Development

(10,000)

Total

(12,500)

Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.

Current quarter 

$A'000

Previous quarter

$A'000

5.1

Cash on hand and at bank

1,423

7,135

5.2

Deposits at call

92,964

40,101

5.3

Bank overdraft

-

(206)

5.4

Other (provide details)

-

-

Total: cash at end of quarter (item 1.22)

94,387

47,030

Tenement reference

Nature of interest

(note (2))

Interest at beginning of quarter

Interest at end of quarter

6.1

Interests in mining tenements relinquished, reduced or lapsed

6.2

Interests in mining tenements acquired or increased

Tenement reference

Nature of interest

(note (2))

Interest at beginning of quarter

Interest at end of quarter

Stayt 183 MT

Riet 182 MT

Portions 3, 4, 5, 6, 13, 14 & Remaining Extent of Overvlakte 125 MS

Bergen Op Zoom 124 MS

Semple 155 MS

Voorspoed 836 MS

Windhoek 649 MT

Tanga 648 MT

Fripp 645 MT

Lukin 643 MT

Salaita 188 MT

The Duel 186 MT

Telema 190 MT

Gray 189 MT

Martha 185 MT

Joffre 584 MS

Fanie 578 MS

Phantom 640 MS

Wildgoose 577 MS

Van Deventer 641 MS

Chase 576 MS

Stayt 183 MT

Nakab 184 MT

Riet 182 MT

Schuitdrift 179 MT

Mount Stuart 153 MT

Terblanche 155 MT

Meteor 141 MT

Naus 178 MT

Alicedale 138 MT

Septimus 156 MT

Martin 157 MT

Rynie 157 MT

That part/ portion of the Unsurveyed State Land which is bounded by the co-ordinates detailed in the sketch plan submitted in respect of which no rights, permissions and permits have been granted in terms of the MPRDA.

Coal New Order Prospecting Rights

Coal bed methane exploration rights

74%

-

80%

74%

Total number 

Number quoted

Issue price per security (see note 3) (cents)

Amount paid up per security (see note 3) (cents)

7.1

Preference +securities (description) 

7.2

Changes during quarter

(a) Increases through issues

(b) Decreases through returns of capital, buy-backs, redemptions

7.3

+Ordinary securities

474,413,911

474,413,911

7.4

Changes during quarter

(a) Increases through issues

(b) Decreases 

through returns of capital, buy-backs

7.5

+Convertible debt securities (description) 

7.6

Changes during quarter

(a) Increases through issues

(b) Decreases through securities matured, converted

7.7

Options (description and conversion factor)

24,700,000

Nil

Exercise price

See Note 7

Expiry date

See Note 7

7.8

Issued during quarter

5,000,000

Nil

Exercise price

See Note 7

Expiry date

See Note 7

7.9

Exercised during quarter

636,544

Nil

7.10

Expired during quarter

Nil

Nil

7.11

Debentures

(totals only)

7.12

Unsecured notes (totals only)