Analyst Research Report Snapshot

Title:

COAL OF AFRICA - EMERGING COAL PRODUCER

Price:

$10.00

Provider:

Edison Investment Research

Date:

26 Mar 2009

Pages:

12

Type:

AcrobatPDF

Companies referenced:

CZA.AX

Available for Immediate Download
Summary:

Coal of Africa is poised to become a significant South African producer of coking coal as well as some thermal coal. The company has already put its first mine, Mooiplaats, into production and aims to be mining its Vele project by year end. Coal of Africa is essentially debt free with net cash of A$204.4m (24p/share) and should not need to raise additional funds for development of Mooiplaats’s first phase as well as Vele. The shares trade roughly inline with our valuation of Mooiplaats alone (46p). FOR MORE INFORMATION ON ATTACHED RESEARCH PLEASE CALL 020 3077 5713 OR EMAIL RESEARCH@EDISONINVESTMENTRESEARCH.CO.UK OR VISIT WWW.EDISONINVESTMENTRESEARCH.CO.UK

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