Coal of Africa Sales Mooiplaats Colliery

摘要

Coal of Africa Limited (CoAL) and its wholly owned subsidiary, GVM Metals Administration (South Africa)Proprietary Limited, as well as its Black Economic Empowerment partner Ferret Mining & Environmental ServicesProprietary Limited entered into a sale of shares and claims agreement with Mooiplaats Coal Holdings ProprietaryLimited (MCH) and Mooiplaats Mining Limited (Mooiplaats). In terms of the Agreement, CoAL and Ferret will disposeof 100% of their shares in Mooiplaats and the CoAL Group will dispose of their respective claims against Mooiplaats andLangcarel Proprietary Limited, the owner of the Mooiplaats thermal coal colliery (Mooiplaats Colliery) and a whollyowned subsidiary of Mooiplaats.