7 Nov 2012 10:15
ANNOUNCEMENT 07 November 2012
Coal of Africa commences Section 189A process at Mooiplaats
Coal of Africa ("CoAL" or the "Company") confirms that it has commenced a formal Section 189A process in terms of the Labour Relations Act at the Mooiplaats Colliery ("Mooiplaats" or the "Colliery").
The key focus of the restructuring will be to move the operation to sustainability. Affected parties will be engaged through a formal consultative process.
Authorised by
JOHN WALLINGTON
Chief Executive Officer
7 November 2012
For more information contact
John Wallington | Chief Executive Officer | Coal of Africa | +27 11 575 4363 |
Wayne Koonin | Financial Director | Coal of Africa | +27 11 575 4363 |
Shannon Coates | Company Secretary | Coal of Africa | +61 89 322 6776 |
Sakhile Ndlovu | Investor Relations | Coal of Africa | +27 11 575 6858 |
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).
The Mooiplaats Colliery commenced production in 2008 and is currently ramping up to produce 1.6 Mtpa. The Woestalleen Colliery, acquired through the acquisition of NuCoal Mining (Pty) Limited in January 2010, currently processes approximately 2.5Mtpa of saleable coal for domestic and export markets. The Woestalleen Complex also incorporates three beneficiation plants with a total processing capacity of 350,000 run-of-mine (ROM) feed tonnes per month.
Mc Mining (MCM)