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Coal of Africa Ltd (CZA.AX)

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Latest Key Developments (Source: Significant Developments)

Coal Of Africa says suspension of integrated water use licence for Makhado project is lifted
3:12am EDT 

May 29 (Reuters) - Coal Of Africa Ltd ::CZA minister lifts appeal against Makhado IWUL.Suspension of integrated water use licence for Makhado project is lifted by South African Minister Of Department Of Water And Sanitation.  Full Article

Pan African says to dispose Par Coal for 275 million rand
Wednesday, 5 Apr 2017 02:00am EDT 

Pan African Resources Plc :Will dispose of all its shares and loan accounts in its wholly-owned subsidiary, Pan African Resources Coal Holdings Proprietary Limited(Par Coal), to Coal Of Africa Limited for total consideration of r275 million.  Full Article

Coal Of Africa Ltd announces finance facilities
Tuesday, 4 Apr 2017 09:02pm EDT 

Coal Of Africa Ltd : Says has entered into a loan agreement . Loan funding will be used to advance operations and implementation of Makhado project, coal's flagship project . Coal Of Africa says Industrial Development Corp Of South Africa to advance loan funding up to R240 million (about $17.6million) to unit Baobab .Coal Of Africa says loan agreement with Industrial Development Corp Of South Africa (IDC) and Baobab Mining and Exploration Proprietary Ltd.  Full Article

Coal Of Africa enters deal to acquire Pan African Resources Coal Holdings Proprietary
Tuesday, 4 Apr 2017 09:02pm EDT 

Coal Of Africa Ltd : CZA acquisition of the Uitkomst Colliery . Entered into a sale of shares and claims agreement with Pan African Resources Plc . Deal for purchase price of R275 million (US$ 20.5 million) . Deal to acquire 100 pct of shares in and claims against Pan African Resources Coal Holdings Proprietary Limited . Cash consideration of acquisition will be funded through proceeds of us$13 million equity investment from summer trees & m&g investment management .Acquisition will be funded through internal cash resources and through proceeds of an aggregate US$13 million equity investment.  Full Article

Coal Of Africa says received notice from Yishun Brightrise Investment to convert loan to equity
Friday, 17 Feb 2017 01:28am EST 

Coal Of Africa Ltd : received notice from Yishun Brightrise Investment Pte requesting conversion of a us$10 million loan to coal's ordinary share capital .total amount of conversion shares will amount to 245 million shares and conversion into equity will occur in two tranches.  Full Article

Coal Of Africa to place 49 mln ordinary shares to M&G Investment Management
Wednesday, 1 Feb 2017 08:20pm EST 

Coal Of Africa Ltd : To place 49 million ordinary shares to M&G Investment Management Limited, on 1 February 2017 at a price of 4.081 US cents per share .Placement pursuant to a subscription agreement entered into between company and M&G.  Full Article

Coal of Africa updates on regulatory processes at Makhado project
Monday, 25 Jul 2016 12:49am EDT 

Coal of Africa Ltd : CZA update on regulatory processes at makhado project . DMR and LEDET have granted amendment of environmental authorisation for Makhado project .  Full Article

Coal of Africa announces lapse of takeover offer for Universal Coal Plc
Sunday, 17 Jul 2016 06:30pm EDT 

Coal of Africa Ltd : CZA lapse of offer for Universal Coal Plc . Says all contracts resulting from acceptances of the offer by universal shareholders are void and of no effect . Says offer for the entire share capital of Universal Coal Plc has lapsed .  Full Article

Coal of Africa signs two subscription agreements
Tuesday, 31 May 2016 02:23am EDT 

Coal of Africa Ltd : CZA update- recommended offer for universal Coal Plc . Signed the two subscription agreements with hengshun zhongsheng group co., ltd and summer trees pte. ltd . Says new subscription agreements will replace the YBI subscription agreement, which has been terminated . Says total proceeds of US$15 million from the subscription agreements . Subscribers will subscribe for 229.9 million and 114.9 million Coal shares respectively at a price of US$0.0435 per Coal share .  Full Article

Coal of Africa issues update regarding recommended offer for Universal Coal Plc
Monday, 18 Apr 2016 04:34am EDT 

Coal of Africa:Cza update re recommended offer for universal Coal Plc.Coal and Universal have agreed to amend terms of the cooperation agreement entered into between the parties.  Full Article

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