Coal Of Africa Ltd Statement Re: Australian Resources Tax

TIDMCZA 
 
RNS Number : 5179L 
Coal of Africa Limited 
07 May 2010 
 
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ANNOUNCEMENT 
                             7 MAY 2010 
 
            POTENTIAL EFFECTS OF AUSTRALIAN RESOURCE SUPER PROFIT TAX 
                            ("CoAL" or "the Company") 
Further to the announcement by the Australian Government on 3 May 2010, Coal of 
Africa Limited, the AIM/ASX/JSE listed coal development and mining company 
operating in South Africa (ticker: CZA), has received queries from shareholders 
as to the potential effects of the proposed Resource Super Profit Tax ("RSPT"). 
The underlying intention of the RSPT is the levying of tax on profits arising 
from the exploitation of non-renewable resources located in Australia. 
CoAL has consulted its advisors and, as the Company has no operational projects 
in Australia, it expects no increased taxation charges resulting from the 
implementation of the RSPT. 
Yours sincerely, 
 
SIMON J FARRELL 
Managing Director 
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| Contacts                                                        |          | 
| CoAL                                                            |          | 
| Simon Farrell              Tel: [phone]             |          | 
| Blair Sergeant             Tel: [phone]             |          | 
|                                                                 |          | 
| Azure Capital              Tel: [phone]             |          | 
| Geoff Ward                                                      |          | 
| Ryan Rockwood                                                   |          | 
|                                                                 |          | 
| Evolution Securities       Tel: [phone]            |          | 
| Simon Edwards                                                   |          | 
| Chris Sim                                                       |          | 
|                                                                 |          | 
| Conduit PR                 Tel: [phone]            |          | 
| Jos Simson                                                      |          | 
| Leesa Peters                                                    |          | 
|                                                                 |          | 
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About CoAL: 
Coal of Africa Limited ("CoAL") is an AIM/ASX/JSE listed coal mining and 
development company operating in South Africa. CoAL's key projects include the 
Woestalleen Colliery, the 113 million tonne ('mt') Mooiplaats thermal coal mine, 
the 656 mt Vele coking coal project and the 1 billion tonne Makhado coking coal 
project (including resources to be acquired pursuant to the Rio Tinto farm swap 
arrangements). 
 
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 Q3 2010 and Q1 2012 respectively, collectively producing 
an initial 2 Mtpa rising to a combined annual output of 10 Mtpa of coking coal. 
 
In 2010, CoAL completed the ZAR650m acquisition of NuCoal Mining (Pty) Limited 
("NuCoal"), a thermal coal producer with assets in South Africa in close 
proximity to CoAL's Mooiplaats mine. NuCoal owns the Woestalleen Colliery, which 
has a number of off-take contracts in place and processes 2.5Mtpa of saleable 
coal for domestic and export markets. NuCoal also owns two beneficiation plants, 
one fully operational mine producing 350kt per month of ROM coal and has 
recently commenced production at a second mine. 
 
CoAL currently has 1 Mtpa export capacity at the Matola Terminal, increasing to 
3 Mtpa on completion on completion of the next phase of expansion at the 
terminal. CoAL also has the option to participate in further expansion at the 
Matola Terminal, which is expected to increase the capacity at the terminal by 
10 Mtpa. 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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