29 Nov 2012 07:00
ANNOUNCEMENT 29 November 2012
Transfer of US$20 million payment from
Beijing Haohua Energy Resource Co. completed
Further to the announcement of 28 November 2012, Coal of Africa Limited is pleased to confirm transfer and receipt of the US$20 million previously held in the escrow account on behalf of Haohua Energy International (Hong Kong) Co. Limited, a wholly owned subsidiary of Beijing Haohua Energy Resource Co. Limited.
Authorised by
JOHN WALLINGTON
Chief Executive Officer
28 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).