Coal of Africa Limited Dismissal of Environmental Authorisation Appeal (0445O)
November 02 2016 - 3:00AM
UK Regulatory
TIDMCZA
RNS Number : 0445O
Coal of Africa Limited
02 November 2016
ANNOUNCEMENT 02 NOVEMBER 2016
Minister dismisses appeal against environmental authorisation
AMENDMENT at MAKHADO PROJECT
Coal of Africa Limited ("CoAL" or the" Company") is pleased to
advise that the South African Minister of the Department of
Environmental Affairs ("DEA"), Ms Edna Molewa, has dismissed an
Appeal against the Environmental Authorisation ("EA") Amendment for
the Makhado Project in the Limpopo Province. .
The EA Amendment was granted in July 2016 in terms of the
National Environmental Management Act (NEMA) (Act 107 of 1998),
amending the holder of the authorisation from CoAL to Baobab Mining
and Exploration Limited (Pty) Ltd, the legal entity for the Makhado
Project, thus ensuring the alignment of the ownership of the full
suite of regulatory authorisations in the appropriate operating
vehicle. The EA Amendment further amends the validity period of the
EA, extending the commencement period for an additional 5
years.
An appeal against the EA Amendment was lodged in August 2016 by
the Vhembe Mineral Resources Stakeholders' Forum.
Commenting on the decision, David Brown, Chief Executive Officer
of CoAL said, "We welcome this decision by the Minister, and
confirms the support of the Provincial and National Government for
the Makhado Project and its potential to drive meaningful
socio-economic transformation. It is a further step in progressing
the Makhado Project towards construction.
"We have recently launched the Makhado Centre of Learning which
aims to develop skills within communities to enable access to
opportunities offered within the Makhado Project.
"CoAL continues to engage with the Department of Water and
Sanitation progress the appeal against the Integrated Water Use
Licence for the Makhado Project".
Authorised by
David Brown
Chief Executive Officer
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:
Matthew Armitt/Ross Nominated Adviser Peel Hunt +44 20
Allister and Broker LLP 7418 8900
Jos Simson/Emily Financial PR +44 20
Fenton (United Kingdom) Tavistock 7920 3150
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
END
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