11th Apr 2013 12:00
ANNOUNCEMENT 11 April 2013
Transnet Freight Rail confirm re-opening of Matola Corridor
Further to the announcement of 11 April 2013 regarding the re-opening of the Matola Corridor, Coal of Africa Limited (the "Company" or "CoAL") advises that Transnet Freight Rail ("TFR") has now officially confirmed that the line is expected to be re-opened and operational from 19 April 2013. The bridge will be opened after the accreditation process is completed by the Mozambique rail operator, Portos é Caminhos de Ferro de Mozambique engineers.
TFR has stated that track repairs will continue for several months whilst the line is operational. The Company still anticipates that exports will resume during May 2013 and the force majeure will remain in effect until the rail system has reached its normal operating capacity.
AUTHORISED BY:
John Wallington
Chief Executive Officer
For more information contact:
David Brown | 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 |
Tony Bevan | Company Secretary | Endeavour Corporate Services | +61 08 9316 9100 |
Company advisors:
Chris Sim/Neil Elliot | Nominated Adviser | Investec Bank plc | +44 20 7597 5970 |
Jos Simson/Emily Fenton | Financial PR (United Kingdom) | Tavistock | +44 20 7920 3150 |
Charmane Russell/James Duncan | Financial PR (South Africa) | Russell & Associates | +27 11 880 3924 or +27 82 372 5816 |
Investec Bank Limited is the nominated JSE Sponsor
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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