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Coal of Africa, Frontier Mining, ZincOx, Landore news briefs

Contributed by Fox-Davies Capital

Coal of Africa Ltd announced the results of its EGM. The shareholder resolutions relating to the Placing conducted on 6 August were duly passed. Accordingly, the Company will proceed with the issue and allotment of the Conditional Placing Shares. The Company has applied for the Conditional Placing Shares to be admitted to trading on AIM on 12 September 2012 and on the JSE on 13 September 2012. Application will also be made to the ASX for the quotation of the Conditional Placing Shares.

Frontier Mining Ltd announced its Interim Results for the six months ended 30 June 2012. The Benkala opencast pit developed to a depth of 30m. Ore stockpiling commenced, leaching pads constructed and pipeline completed. The Company has also completed the Benkala SX/EW plant construction with all regulatory approvals and permits. Total borrowings increased by $23.8M during the period. Post the period end, the first copper cathodes have been produced at Benkala and the first shipment of 130t of copper cathodes has been dispatched.

ZincOx has provided a production update. Regarding its Korean Recycling Plant, reporting that throughput of the rotary hearth furnace has been increasing as the plant ramps up to full production. Recently, it has achieved 70% of first year's target, generating a positive EBITDA at current zinc price. The positive EBITDA has been reached on the basis of zinc revenue alone; with regards to the iron product, modification work on the hot briquetting circuit has been completed but the Company are awaiting the installation of additional monitoring equipment in October for target quality. . The precise value of the iron product (ZHBI) is, however, awaiting the results of commercial testwork by prospective customers.

Landore has announced an agreed subscription 52,300,000 new ordinary shares of 1p each in the Company ("Subscription  Shares") at a price of 5p per Subscription Share (the "Subscription") to raise £2.615 million before expenses. The proceeds from the Subscription will be used to finance working capital, in addition to exploration and drilling expenditures on the nickel deposits at the Junior Lake project in Canada.