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Map vele makhado mooiplaats Mopane Chapudi Chapudi General

Uitkomst Colliery

Uitkomst Colliery, 100% owned by CoAL, is a high-grade coal producer of thermal and metallurgical coal. It is situated some 20km northwest of Utrecht and 23km northeast of Newcastle in the KwaZulu-Natal province.

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Makhado Project

The Makhado Project in the Soutpansberg Coalfield, 36km north of Makhado town and 80km southeast of Vele, Limpopo province, is CoAL's flagship project, and has the potential to deliver significant value to all stakeholders.

The project has been granted a mining right and construction is expected to commence in H2 FY2017. The resource will initially be mined on an opencast basis over 16 years with the potential for expansion underground.

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Vele Colliery

Vele Colliery, a thermal and semi-soft coking CoAL colliery, in the Tuli Coalfield, 48km west of Musina, Limpopo province, remains on care and maintenance until outstanding regulatory approvals are received and coal prices improve.

The model of co-existence between mining, agriculture and heritage developed at Vele Colliery will be implemented at the Makhado Project, and also within the Greater Soutpansberg Projects.

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Greater Soutpansberg Projects

The Greater Soutpansberg Projects, contiguous to the Makhado Project, and situated to the north of the Soutpansberg Mountains in the Limpopo province, comprise of four projects: Mopane, Generaal, Chapudi, and Telema & Gray.

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Tshipise Energy

Tshipise Energy Gas Exploration Project, contiguous to the Makhado Project, in the Limpopo province, is a coal bed-methane project which (in the initial phase) involves the establishment of a test well and flaring facility which will afford compliance with the requirements of the internationally accredited United Nations carbon-credit programme and the sale of carbon credits.

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Resource and Reserve statement

The presence of hard coking coal and the size of coal's resources, 2.4 billion tonnes in situ, is a differentiating factor from other coal junior mining companies.

Abridged summary of JORC-compliant resources and reserve statement 31 May 2012

JORC-compliant resources
(measured, indicated and inferred)1,2

JORC-compliant reserves
(proven and probable)2

  Gross tonnes in situ
Gross tonnes in situ
Minable tonnes in situ
Vele 795.7 672.9 362.5 325.6
Makhado Project 795.6 691.5 344.4 188.25
Greater Soutpansberg Projects 7,161.0 5,751.5 1,660.0 -
Total 8,752.3 7,115.9 2,336.9 513.85
  1. Resources are stated inclusive of reserves
  2. Independent Technical Statement for the GSP (30 September 2012)
    The resource, defined in accordance with the 2004 JORC Code, has not been updated since to comply with the 2012 JORC Code on the basis that the information has not materially changed since it was last reported