Strategy
Current Strategy
CoAL is primarily focused on the acquisition, exploration and development of thermal and metallurgical coal projects in South Africa. The Company made the transition from explorer to producer when mining at the Mooiplaats thermal coal mine commenced in 2008. CoAL currently has four coal projects in various stages of exploration with the first of its coking coal projects, Vele, expected to commence H2 2010. CoAL also owns NiMag, 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 assets are:
- Mooiplaats Colliery Project
- Vele Coking Coal Project
- Makhado Coking Coal Project
- Holfontein Thermal Coal Project
Looking Forward
The exploration and development of the coal assets during the short and medium term will qualify CoAL as a significant coal producer. Following full ramp up CoAL will supply over 12 million tonnes of thermal and matallurgical coal annually to South African and export customers.
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) |
| Proposed Company Constitution (PDF — 519.7 kb) |
| AIM Admission Document (PDF — 3.1 Mb) |
| JSE Pre-Listing Statement (PDF — 220.4 kb) |