4 Dec 2012 12:37
04 December 2012
Coal of Africa Limited
Mooiplaats Update
Mooiplaats employees embark on an unprotected strike
Coal of Africa Limited ("the Company") advises that the National Union of Mineworkers ("NUM") affiliated employees at Mooiplaats ("the Colliery") have embarked on an unprotected strike following the suspension of four workers. The employees are protesting against the suspension which is due to alleged misconduct and breach of the picketing rules during the legal strike in October 2012.
All four underground sections have stopped operations and management is in discussion with NUM representatives to resolve the matter and ensure the workers resume their shifts. Management has advised the union that disruptions and continued strike action will have a severe impact on the viability of Mooiplaats and is likely to result in job losses. The Colliery directly employs 368 people of which 244 are NUM members.
The Company will further advise of any material change in this regard at the appropriate time
Authorised by
JOHN WALLINGTON
Chief Executive Officer
4 December 2012
For more information contact:
John Wallington | Chief Executive Officer | Coal of Africa | +27 11 575 4363 |
Sakhile Ndlovu | Investor Relations | Coal of Africa | +27 11 575 6858 |
Company advisers
Jos Simson/ Emily Fenton | Financial PR (UK) | 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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Mc Mining (MCM)