Coal of Africa Limited IWUL GRANTED FOR THE MAKHADO PROJECT SUSPENDED (5646U)

TIDMCZA

RNS Number : 5646U

Coal of Africa Limited

08 April 2016

ANNOUNCEMENT 8 April 2016

INTEGRATED WATER USE LICENCE GRANTED FOR THE mAKHADO PROJECT SUSPENDED

Coal of Africa Limited ("CoAL" or the" Company") advises that the Integrated Water Use Licence ("IWUL") for its Makhado Project has been suspended following an appeal to the Department of Water and Sanitation ("the Department") submitted by the Vhembe Mineral Resources Forum and other parties.

The appeal automatically suspends the IWUL in terms of Section 148 (2) (b) of the South African National Water Act No 36 of 1998.

This appeal has been anticipated, and CoAL is in the process of preparing an urgent representation to the Minster of Water and Sanitation to request that the IWUL remain in full force and effect pending the final conclusion of the appeal by the Water Tribunal.

CoAL CEO David Brown commented, "We are actively engaging with the Department to resolve this appropriately.

"We remain committed to the sustainable development of the Makhado Project, whilst recognising its potential to drive significant socio-economic transformation. We will continue to engage with all stakeholders to ensure the on-going implementation of our co-existent model, seeking co-operation between mining, agriculture and heritage land uses."

AUTHORISED BY:

David Brown

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       Nominated Adviser    Peel Hunt      +44 20 
  Allister                  and Broker           LLP            7418 8900 
 Charmane Russell/Olwen    Financial PR         Russell &      +27 11 
  Auret                     (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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April 08, 2016 02:00 ET (06:00 GMT)

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