Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMc Mining Regulatory News (MCM)

Share Price Information for Mc Mining (MCM)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 7.50
Bid: 7.00
Ask: 8.00
Change: 0.00 (0.00%)
Spread: 1.00 (14.286%)
Open: 7.50
High: 7.50
Low: 7.50
Prev. Close: 7.50
MCM Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Appendix 5B

28 Apr 2011 07:01

RNS Number : 6121F
Coal of Africa Limited
28 April 2011
 



Rule 5.3

Appendix 5B

 

Mining exploration entity quarterly report

Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001, 01/06/10.

 

 

Name of entity

Coal of Africa Limited

 

ABN

Quarter ended ("current quarter")

98 008 905 388

 

31 March 2011

 

Consolidated statement of cash flows

 

Cash flows related to operating activities

 

 

Current quarter

$A'000

Year to date (9.months)

$A'000

1.1

Receipts from product sales and related debtors

 

104,234

195,071

1.2

Payments for (a) exploration & evaluation

(b) development

(c) production

(d) logistics

(e) administration

-

-

(75,267)

(5,111)

(9,775)

(1,628)

-

(164,886)

(19,639)

(35,415)

1.3

Dividends received

-

-

1.4

Interest and other items of a similar nature received

163

1,319

1.5

Interest and other costs of finance paid

(197)

(896)

1.6

Income taxes paid

-

(8,155)

1.7

Other (provide details if material)

-

-

 

Net Operating Cash Flows

14,047

(34,229)

 

Cash flows related to investing activities

1.8

Payment for purchases of: (a) prospects

(b) equity investments

(c) other fixed assets

-

(4,849)

(10,449)

(1,856)

(4,849)

(40,518)

1.9

Proceeds from sale of: (a) prospects

(b) equity investments

(c) other fixed assets

-

-

171

-

-

2,943

1.10

Loans to other entities

-

-

1.11

Loans repaid by other entities

-

-

1.12

Other (provide details if material)

-

-

 

Net investing cash flows

(15,127)

(44,280)

1.13

Total operating and investing cash flows (carried forward)

(1,080)

(78,509)

 

1.13

Total operating and investing cash flows (brought forward)

(1,080)

(78,509)

 

Cash flows related to financing activities

1.14

Proceeds from issues of shares, options, etc.

-

-

1.15

Proceeds from sale of forfeited shares

-

-

1.16

Proceeds from borrowings

20,923

20,923

1.17

Repayment of borrowings

(19,843)

(20,661)

1.18

Dividends paid

-

-

1.19

Other (provide details if material)

-

-

Net financing cash flows

1,080

262

 

Net increase (decrease) in cash held

 

-

(78,247)

1.20

Cash at beginning of quarter/year to date

23,733

101,063

1.21

Exchange rate adjustments to item 1.20

1,380

2,297

1.22

Cash at end of quarter

25,113

25,113

Payments to directors of the entity and associates of the directors

Payments to related entities of the entity and associates of the related entities

 

Current quarter

$A'000

 

1.23

 

Aggregate amount of payments to the parties included in item 1.2

439

 

1.24

 

Aggregate amount of loans to the parties included in item 1.10

-

 

1.25

 

Explanation necessary for an understanding of the transactions

 

 

 

 

 

 

Non-cash financing and investing activities

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

 

 

 

 

Financing facilities available

Add notes as necessary for an understanding of the position.

 

 

Amount available

$A'000

Amount used

$A'000

3.1

Loan facilities

 

26,672

21,823

3.2

Credit standby arrangements

 

10,241

-

 

Estimated cash outflows for next quarter

$A'000

4.1

Exploration and evaluation

 

534

4.2

Development

 

6,202

4.3

Production

 

48,106

4.4

Logistics

 

25,023

4.5

Administration

 

12,921

 

Total

 

92,775

 

Reconciliation of cash

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

23,475

7,230

5.2

Deposits at call

1,638

16,503

5.3

Bank overdraft

-

-

5.4

Other (provide details)

-

-

Total: cash at end of quarter (item 1.22)

25,113

23,733

 

 

Changes in interests in mining tenements

 

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

 

 

 

 

 

Issued and quoted securities at end of current quarter

Description includes rate of interest and any redemption or conversion rights together with prices and dates.

 

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)

Nil

7.2

Changes during quarter

 

7.3

+Ordinary securities

 

530,639,661

530,639,661

7.4

Changes during quarter

(a) Increases through issues

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

 

 

 

 

 

 

7.5

+Convertible debt securities (description)

Nil

7.6

Changes during quarter

(a) Increases through issues

(b) Decreases through securities matured, converted

7.7

Options (description and conversion factor)

29,403,062

Nil

Exercise price

See Note 6

Expiry date

See Note 6

7.8

Issued during quarter

1,540,561

Nil

See Note 6

See Note 6

7.9

Exercised during quarter

124,998

Nil

See Note 6

See Note 6

7.10

Expired during quarter

Nil

Nil

7.11

Debentures

(totals only)

Nil

7.12

Unsecured notes (totals only)

 

Nil

 

 

Compliance statement

 

1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Actor other standards acceptable to ASX (see note 4).

 

2 This statement does give a true and fair view of the matters disclosed.

 

 

29 April 2011

Sign here: ............................................................ Date: ............................

(Company secretary)

 

 

SHANNON COATES

Print name: .........................................................

 

Notes

 

1 The quarterly report provides a basis for informing the market how the entity's activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.

 

2 The "Nature of interest" (items 6.1 and 6.2) includes options in respect of interests in mining tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.

 

3 Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities.

 

4 The definitions in, and provisions of, AASB 1022: Accounting for Extractive Industries and AASB 1026: Statement of Cash Flows apply to this report.

 

5 Accounting Standards ASX will accept, for example, the use of International Accounting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

 

 

 

6 Issued and Quoted Options as at 31 December 2010:

 

Number Issued

Number Quoted

Exercise Price

Expiry Date

Lapsed Since End of quarter

8,950,000

-

A$0.50

30 September 2011

-

7,000,000

250,000

1,000,000

600,000

1,650,000

912,500

5,000,000

2,500,000

1*

1,540,561

-

-

-

-

-

-

-

-

-

-

A$1.25

A$2.05

A$1.90

A$1.25

A$3.25

A$1.90

A$2.74

A$1.20

GBP0.60

A$1.40

30 September 2012

1 May 2012

30 September 2012

1 May 2012

31 July 2012

30 June 2014

30 November 2014

9 November 2015

1 November 2014

30 September 2015

-

-

-

-

-

-

-

-

-

-

*1 Option to subscribe for 50 million ordinary shares for 60 pence each between 1 November 2010 and 1 November 2014 as approved by shareholders on 22 April 2010

 

7 Payments for Logistics

Payments made for Logistics expenses for the 9 months ending 31 March 2011 were A$19,639,000. These costs were previously recorded as part of either production or administration payments. The logistics charge for the 6 months ending 31 December 2011 was A$14,528,000.

 

 

== == == == ==

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCEASLPADEFEEF
Date   Source Headline
24th May 20248:00 amRNSGoldway's Buy-Out Offer
24th May 20247:00 amRNSChange in substantial holding
22nd May 20247:00 amRNSGoldway - Commencement of compulsory buy-out
21st May 20246:00 pmRNSMC Mining Limited
21st May 20243:45 pmRNSVesting of Performance Rights and Issue of Equity
20th May 20243:45 pmRNSChange of Company Address
20th May 20243:30 pmRNSCancellation of Admission to Trading on AIM
17th May 20247:30 amRNSAppointment of New Company Secretary
30th Apr 202410:15 amRNSRECEIPT OF SHAREHOLDER NOTICE
30th Apr 20249:31 amRNSAppendix 5B
30th Apr 20249:30 amRNSACTIVITIES REPORT FOR THE QUARTER ENDED 31 MAR 24
25th Apr 20242:00 pmRNSDirectorate Change
23rd Apr 20247:00 amRNSChange in substantial holding
22nd Apr 20247:00 amRNSChange in substantial holding
19th Apr 20248:16 amRNSResignation of Independent Non-Executive Director
18th Apr 20249:00 amRNSGoldway - Sixth Supplementary Bidder's Statement
15th Apr 20247:24 amRNSGoldway - Fifth supplementary bidder's statement
15th Apr 20247:00 amRNSChange in substantial holding
10th Apr 20248:00 amRNSResponse to Offer Being Declared Unconditional
8th Apr 20247:00 amRNSNotice of Variation of Unconditional Offer
8th Apr 20247:00 amRNSSatisfaction of Minimum Acceptance Condition
5th Apr 20247:00 amRNSGoldway - Notice of Status of Defeating Conditions
5th Apr 20247:00 amRNSChange in substantial holding
4th Apr 20244:30 pmRNSExtension of Offer Period for Off-Market Takeover
4th Apr 20247:00 amRNSGoldway - Notice of Extension of Offer Period
3rd Apr 202411:00 amRNSResponse to 4th Supplementary Bidder's Statement
2nd Apr 20247:00 amRNSChange in substantial holding
28th Mar 20247:00 amRNSGoldway - Fourth supplementary bidder's statement
25th Mar 20248:49 amRNSResponse to 3rd Supplementary Bidder's Statement
22nd Mar 20247:00 amRNSGoldway Capital Investment - Status of Conditions
22nd Mar 20247:00 amRNSChange in substantial holding
21st Mar 20247:00 amRNSGoldway - Third supplementary bidder's statement
20th Mar 20241:01 pmRNSResponse to 2nd Supplementary Bidder's Statement
19th Mar 20247:01 amRNSChange in substantial holding
18th Mar 20247:33 amRNSSupplementary Target's Statement - DO NOT ACCEPT
15th Mar 202410:15 amRNSInterim Financial Report
15th Mar 20249:41 amRNSHalf-year Results
14th Mar 20249:51 amRNSSecond Bidder's Statement - Do Not Accept
12th Mar 20247:19 amRNSOffer Update
8th Mar 20249:31 amRNSNon-Binding Indicative Offer from Vulcan Resources
4th Mar 20247:00 amRNSChange in substantial holding
4th Mar 20247:00 amRNSRelease of Target Statement
19th Feb 20247:00 amRNSGoldway Capital - Dispatch of Bidder's Statement
15th Feb 20248:04 amRNSOff-Market Takeover Bid - Do NOT Accept the Offer
15th Feb 20247:00 amRNSGoldway Capital - Supplementary Bidder's Statement
2nd Feb 202411:30 amRNSTakeover Bid - Receipt of Bidder's Statement
2nd Feb 20247:00 amRNSGoldway Capital Investment - Bidder's Statement
31st Jan 20248:45 amRNSAppendix 5B
31st Jan 20248:40 amRNSActivities Report for the Quarter ended 31 Dec 23
24th Jan 20249:30 amRNSNon-Binding and Indicative Proposal Update

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.