You are currently viewing our site as a guest, which gives you limited access to our site features. By signing up for a free membership, you will receive our Investment Opportunity newsletters and have access to additional features for finding and comparing managed funds and shares. Registration is fast and simple, so please:
Business Description: Coal of Africa Limited (CZA) is a coal exploration, development and mining company operating in South Africa. The key projects include the Vele Colliery (coking and thermal coal), the Greater Soutpansberg Project, Makhado Project (coking coal) and the Mooiplaats and Woestalleen Collieries (both thermal coal). CZA is also listed on the London and Johannesburg stock exchanges.
Strategy Analysis: The business strategy for CZA is to become a significant thermal and metallurgical coal producer, supplying global and South African markets. In 2010, CZA completed the acquisition of NuCoal Mining, a thermal coal producer with assets in South Africa in close proximity to CZA¬īs Mooiplaats mine.
Coal Of Africa reported negative cash flow of US$12.19m for the quarter ended 31 December 2012. Operating cash flow for the period was US$(17.59m). Payments for exploration and evaluation were US$(1.97m). Investing cash flow was US$(13.8m). Financing cash flow was US$19.2m. Cash in hand at the end of the quarter was US$18.55m.
IMPORTANT: This information has been prepared without taking into account your objectives, financial situation or needs and you should consider if the information is appropriate for you before making an investment decision. Neither InvestSMART Financial Services Pty Ltd nor any of its Related Companies make any recommendations as to the merits of any investment opportunity referred to in its emails or its related websites. Product disclosure statements for financial products offered through InvestSMART can be downloaded from this website or obtained by contacting 1300 880 160. You should consider the product disclosure statement before making a decision about the product. All indications of performance returns are historical and can not be relied upon as an indicator for future performance.