first production from penumbra coal mine

Key points:
• First coal production achieved from the Penumbra Coal Mine
• Decline development advanced to a full face of the C-Upper and C-Lower Coal Seams
• First saleable export thermal coal to be produced this month following processing of the ROM
coal through the Company’s nearby Delta Processing Operations
• ROM production of 5,000 to 10,000 tonnes now forecast for the December Quarter with
targeted production rate of 63,000 tonnes per month, by 30 June 2013
• Continental now operates 3 coal mines, with a combined ROM production rate of 2.8Mtpa of
thermal coal for both the export and domestic markets
• Financial settlement of first Penumbra Coal Mine coal hedge contracts in October and
November already resulted in hedging gain of ZAR2.1m