Dec 1 (Reuters) - Coal of Africa Ltd CZA.AX :
* CZA mou for makhado project CZA.AX
* Signing of a non-binding memorandum of understanding with Qingdao Hengshun Zhongsheng Group Co
* Says Hengshun proposes to acquire up to 34% of Baobab at a mutually agreed consideration
* Preliminary terms of negotiation between both parties are based on an indicative cash acquisition price of approximately US$113.94 million
* Says value of the EPC contract is approximately US$400 million
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