ASX  Code:  IKW

31stJuly  2012  

Company  Announcements  Office    Australian  Securities  Exchange    Level  4  Exchange  Centre    

20  Bridge  Street    Sydney  NSW  2000  

QUARTERLY  ACTIVITIES  REPORT  -  3  MONTHS  ENDED  30  JUNE  2012  


Ikwezi  Mining  Limited  (ASX:  IKW,  Ikwezi  Mining  or  Company).  

Thermal  coal  markets  and  project  status  update  

Thermal   coal   markets   continue   to   be   affected   by   price   volatility,   driven   by   high   global   inventory   levels.    Production  cutbacks  in  the  US  and  Indonesia,  together  with  stockpile  reductions  in  the  US,  are  expected  to   lead   to   a   stabilisation   of   prices   over   the   coming   months.   The   Company   remains   positive   on   the  medium-­