MCM.L Regulatory News (MCM)

28 Sep 2009 07:00



COAL OF AFRICA Limited

STATEMENT REGARDNG MEDIA SPECULATION

Coal of Africa Limited ("CoAL" or "the Company"), the AIM/ASX/JSE listed coal mining and development company operating in South Africa (ticker: CZA), notes the recent media speculation regarding an offer for the entire issued share capital of the Company and would like to confirm that it has not received any takeover approaches from any third party.

28 September 2009

AUTHORISED BY:

Simon Farrell 

Managing Director

For more information contact:

Simon Farrell, Managing Director  CZA  +61 417 985 383 or  +61(8) 9322 6776

Peter Bacchus/ Alastair Cochran Morgan Stanley +44(0) 20 7425 8000

Simon Edwards/ Chris Sim Evolution Securities +44(0) 20 7071 4300

Jos Simson/ Leesa Peters Conduit PR +44(0) 20 7429 6603

Melanie de Nysschen Macquarie First South Advisers +27(11) 583 2000

About CoAL:

Coal of Africa Limited ("CoAL") is an AIM/ASX/JSE listed coal mining and development company operating in South Africa. CoAL has three key projects including the 113 million tonne ('mt') Mooiplaats thermal coal mine, the 656 mt Vele coking coal project and the 1 bn tonne Makhado coking coal project.

The Mooiplaats coal mine commenced production in 2008 and is currently ramping up to produce 2 mtpa. CoAL's Vele and Makhado coking coal projects are expected to start production in H1 2010 and Q4 2011 respectively producing an initial 2 mtpa rising to a combined annual output of 10 mtpa of coking coal.