29 Nov 2012 07:17
ANNOUNCEMENT 29 November 2012
Directorate Change
Coal of Africa Limited ("the Company" or "CoAL") announces Mr Wayne Koonin, Finance Director, has today resigned as a Director with immediate effect, to pursue other interests. Mr Koonin will remain employed by the Company for a period of four months until 31 March 2013, to assist with the transition of responsibilities.
David Brown, Chairman of CoAL, said: "On behalf of the Board, I would like to thank Wayne for his commitment and contribution in what has been a difficult and challenging two year period for the Company and wish him well for the future. Wayne's ongoing association with the Company will provide continuation during the transition phase. The Company has begun the process of selection for a successor and will advise on developments when appropriate."
Authorised by
JOHN WALLINGTON
Chief Executive Officer
29 November 2012
For more information contact:
David Brown | Non-Executive 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 |
Robert Smith | JSE Sponsor | Investec Bank Limited | +27 11 286 7000 |
Charmane Russell/Jane Kamau | Financial PR (South Africa) | Russell & Associates | +27 11 880 3924 or +27 82 372 5816 |
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).
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