Strategy
Current Strategy
On the 3 December GVM Metals Limited announced it’s change of name to Coal of Africa Limited (CoAL).
CoAL is primarily focused on the acquisition, exploration and development of thermal and metallurgical coal projects in South Africa. The Company currently has four coal projects in various stages of exploration as well as Nimag, CoAL’s interim cash producing asset which manufactures Nickel Magnesium Alloys. Nimag’s growth strategy will be via the acquisition of similar alloy or foundry supply manufacturing enterprises.
CoAL’s four coal projects are:
Looking Forward
The exploration and development of the four coal projects during the short and medium term will qualify CoAL as a significant coal producer, supplying millions of tonnes of thermal and metallurgical coal annually to South African and export customers.
CoAL’s Mooiplaats coal project is 2km from the recently re-commissioned Camden Power Station - near Ermelo in Mpumalanga - is expected to start producing thermal and anthracitic coal in mid 2008.
Exploratory drilling on CoAL’s other coal projects - Baobab and Thuli - located in the Limpopo province of South Africa will commence in mid to late 2007. Consultants have been briefed to undertake feasibility studies on the transport infrastructure from these coal projects to the Matola (Maputo, Mozambique) and Richards Bay export coal terminals.
Corporate History
Coal of Africa Ltd, originally Golden Valley Mines, was incorporated in Western Australia in 1979, and listed on ASX Limited (Australian Stock Exchange) in 1980 primarily focused on minerals exploration in Western Australia and Indonesia.
Through a series of strategic acquisitions CoAL has moved its focus from being a gold, platinum and base metals exploration company to becoming a coal mining and metals processing business, targeting predominantly South African mining and minerals processing assets.
In 2005 it was decided to seek listing on the Alternative Investment Market (AIM) in the UK in order to expand the shareholder base. This was achieved in December of that year and has been the first of some major developments for the Company.
At the end of November 2006 the Company listed on the Johannesburg Stock Exchange (JSE), a move which will assist the Company to further expand its interests in South Africa by allowing the Company to acquire assets by means of share issue.
Corporate Documents
 | Company Constitution / Articles of Association (PDF — 2.6 Mb) |
| AIM Admission Document (PDF — 3.1 Mb) |
| JSE Pre-Listing Statement (PDF — 220.4 kb) |