Coal of Africa Limited Environmental Authorisation Interdict Update (5289I)
December 09 2015 - 7:02AM
UK Regulatory
TIDMCZA
RNS Number : 5289I
Coal of Africa Limited
09 December 2015
ANNOUNCEMENT 09 DECEMBER 2015
UDPATE ON INTERIM INTERDICT ON THE ENVIRONMENTAL AUTHORISATION
OF the MAKHADO PROJECT
In December 2014, an interim court interdict was issued against
the Environmental Authorisation for the Makhado Project.
CoAL launched a counter- application in March 2015 to set the
interdict aside. On Thursday, 3 December 2015, this matter was
heard in the North Gauteng High Court. After hearing argument from
counsel from both parties, judgment was reserved and the matter
postponed to consider the papers filed and arguments made.
Judgement was handed down on Tuesday 8 December 2015 on two
matters, firstly being the condition to compel CoAL to conduct a
Strategic Regional Impact Assessment and secondly a review of the
Environmental Authorisation. The condition compelling CoAL to
conduct a Strategic Regional Impact Assessment has been set aside.
The interim interdict against the Environmental Authorisation
remains in place pending the review of the authorisation.
Based on the interim nature of the interdict, and various other
factors, we do not believe that it will delay our timeline
regarding the commencement of the construction in H2 2016.
CoAL will study the judgment in detail, and will review its
various options available.
For more information contact:
Chief Executive +27 10 003
David Brown Officer Coal of Africa 8000
Chief Financial +27 10 003
De Wet Schutte Officer Coal of Africa 8000
+27 10 003
Celeste Riekert Investor Relations Coal of Africa 8000
Endeavour Corporate +61 08 9316
Tony Bevan Company Secretary Services 9100
Company advisors:
Jos Simson/Emily Financial PR +44 20
Fenton (United Kingdom) Tavistock 7920 3150
Matthew Armitt/Ross Peel Hunt +44 20
Allister Nominated Adviser LLP 7418 8900
Charmane Russell/Jane Financial PR Russell & +27 11
Kamau (South Africa) Associates 880 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
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