Coal of Africa Limited Environmental Authorisation granted for Vele (2258D)
January 27 2015 - 3:17AM
UK Regulatory
TIDMCZA
RNS Number : 2258D
Coal of Africa Limited
27 January 2015
ANNOUNCEMENT 27 JANUARY 2015
Environmental Authorisation Amendment granted for Vele
Colliery
Coal of Africa Limited ("CoAL" or "the Company") is pleased to
announce that the South African Department of Environmental Affairs
("DEA") has recently granted an Amendment of the Environmental
Authorisation in terms of the National Environmental Management Act
("NEMA") (Act 107 of 1998) and the Environmental Impact Assessment
Regulations (2010) for Vele Colliery.
This amendment is the first of several required to be granted in
relation to the planned modifications to Vele's processing plant,
and is a further step toward achieving full regulatory compliance
required to begin construction.
Mr David Brown, Chief Executive Officer, commented, "The
decision by the DEA is welcomed. We will await the receipt of all
regulatory approvals before the commencement of the plant
modification.
The Company has also sought a renewal of the Integrated Water
Use Licence and its amendment. The current IWUL expires in March
2016, and the company felt it was prudent to renew this licence
prior to committing further shareholder funds to the project. The
approval of the renewal is expected at the end of Q2 CY 2015.
Mr Brown said, "We will continue to engage with regulatory
authorities and other stakeholders at Vele, as we continue to set a
new benchmark for the co-existence between mining, agriculture and
heritage land uses within the area in which we operate. This period
also gives the company further time to assess the outlook for coal
prices. Discussions continue with appropriate end users regarding
off take agreements."
Authorised by
David Brown
Chief Executive Officer
For more information contact:
Chief Executive
David Brown Officer Coal of Africa +27 10 003 8000
Chief Financial
Michael Meeser Officer Coal of Africa +27 10 003 8000
Celeste Harris Investor Relations Coal of Africa +27 10 003 8000
Endeavour Corporate +61 08 9316
Tony Bevan Company Secretary Services 9100
Company advisors:
Financial PR (United +44 20 7920
Jos Simson/Emily Fenton Kingdom) Tavistock 3150
Chris Sim/George Price/Jeremy Investec Bank +44 20 7597
Ellis Nominated Adviser plc 5970
Charmane Russell/Jane Financial PR (South Russell & Associates +27 11 880
Kamau Africa) 3924 or
+27 82 372
5816
Investec Bank Limited is the nominated JSE Sponsor
About CoAL:
CoAL is an AIM/ASX/JSE listed coal exploration, development and
mining company operating in South Africa. CoAL's key projects
include the Vele Colliery (coking and thermal coal), the Greater
Soutpansberg Project /MbeuYashu, including CoAL's Makhado Project
(coking and thermal coal).
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCPKODDFBKKADB
Coal of Africa (LSE:CZA)
Historical Stock Chart
From Jul 2024 to Jul 2024
Coal of Africa (LSE:CZA)
Historical Stock Chart
From Jul 2023 to Jul 2024