Press Release 25 January 2010
Miranda Coal selects Stefanutti Stocks Mining Services as its preferred contractor to mine Sesikhona
Miranda Coal today announces that it has selected Stefanutti Stocks Mining Services (Stefanutti Stocks) as its preferred mining contractor to conduct the opencast mining at the Sesikhona project, located at Dannhauser in the KwaZulu-Natal Province (the Contract).
A member of the Stefanutti Stocks Group of Companies listed on the JSE Limited, Stefanutti Stocks provides specialist services to the mining industry including open cast contract mining and deposition and reclamation of mine residue.

Miranda selected Stefanutti Stocks because of their proven track record in consistently delivering on their stated and required targets.

The modern mining environment in South Africa requires these targets to be considered on a number of different levels.
The first, and ultimately most important, target level is measured in terms of mining production and costs.

In this respect, Stefanutti Stocks mining and operational credentials have been established over the years through successful contracts with major mining houses including amongst others Anglo Gold, Harmony, Assmang, ARM, Norilsk, Goldfields and De Beers.
In terms of their SHEQ (Safety, Health, Environment, Quality) Management programme, Stefanutti Stocks is able to foster a safe environment for both their employees and Sesikhonas local Kliprand community.

The local community not only lives near the area of operations but is also Miranda Coals partner through their 12% stake in the project.
In addition, Stefanutti Stocks will work within the projects agreed Environmental Management Plan, implementing measures to minimise the adverse effects of extraction.

This represents a further important focus area that will contribute to the ultimate success of the Sesikhona Colliery.
A further level of co-operation between Miranda Coal and Stefanutti Stocks will be in terms of the requirements of Sesikhonas Social and Labour Plan. With training of their own employees an ongoing commitment, Stefanutti Stocks have undertaken to extend this initiative to those members of the local community who can be recruited during the course of the Contract.
Stefanutti Stocks has made a large investment in their plant, equipment and fleet, ensuring they will have the capacity to extract coal optimally at Sesikhona.

The current stated target is to produce 480 000t Run of Mine per annum, subject to the final mine plan.

Stefanutti Stocks is presently engaged with Miranda Coal in finalising the mine plan and have already provided important input and resources towards this process.
Finalisation of, and management sign-off on, the life-of-mine and detailed production plan have been scheduled for the second half of February 2010. Thereafter, Miranda Coal and Stefanutti Stocks will enter into a New Engineering Contract on the first phase, open pit section, which will be subject to an anthracite off-take agreement.

Miranda is in advanced discussions to finalise an off-take agreement and once concluded, mining could commence within thirty days.
CEO, Ron Nel, commented, "We are pleased to have partnered with Stefanutti Stocks Mining Services to launch and conduct our mining operation and we look forward to a long and rewarding relationship with them.

Stefanutti Stocks have bought into Mirandas vision to lead the re-development of the KZN coal fields, which have been of strategic importance for over one hundred years."
ENDS
Contacts
Miranda Minerals Ron Nel/ Mick Cook 012 665 4200
Vestor - Media and Investor Relations Louise Brugman, 011 787 3015, 083 504 1186
Logo_sharper02 media & investor relations
Louise Brugman Managing Director T: 011 787 3015 C: 083 504 1186 E: