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10 Jul 2008 07:00
ANNOUNCEMENT 10 JULY 2008
CLARIFICATION
Coal of Africa Limited draws attention to the following announcement that was made today on the ASX:
Further to the article in today's Financial Review reporting that ArcelorMittal is poised to make a £2.35 a share bid for Coal of Africa, the Company confirms it has not been made aware of any proposed bid as reported.
AUTHORISED BY:
Shannon Coates
Company Secretary
For more information contact:
Simon Farrell, Managing Director CZA +61 417 985 383
Olly Cairns / Romil Patel Blue Oar Securities Plc +618 6430 1631 or +44 20 7448 4400
Jos Simson/ Leesa Peters Conduit PR +44(0) 20 7429 6603
Petronella Gorrie The Event Shop +27 82 827 8815
www.coalofafrica.com
About CoAL:
Coal of Africa Limited ("CoAL") is primarily focused on the acquisition, exploration and development of thermal and metallurgical coal projects. The Company's key projects, along with its leading metals processing company NiMag Group (Pty) Ltd are in South Africa. The Company was incorporated in Western Australia and listed in 1980. Since 2005, the Company has also listed on both the AIM and JSE markets, allowing further growth in the Company's coal assets.
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