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THE WATERBERG COAL COMPANY LTD - Paarl Waste Water Treatment Plant Agreement

Release Date: 03/08/2015 10:20
Code(s): WCC     PDF:  
Wrap Text
Paarl Waste Water Treatment Plant Agreement

The Waterberg Coal Company Limited
(Incorporated in Australia)
(Registration number ABN 64 065 480 453)
ASX: WCC | JSE: WCC | ISIN: AU000000WCC9
(“WCC” or “the Company”)


Paarl Waste Water Treatment Plant Agreement

The Board of The Waterberg Coal Company Limited (Company) is pleased to advise that
the Waterberg Coal Project Joint Venture Partners, through Sekoko Coal Pty Ltd (Sekoko),
have now entered into an agreement with the Lephalale Municipal Council (LMC) to take
over the management and operation of the Paarl Waste Water Treatment Facility (the
Facility) for the purposes of supplying water to the Waterberg Coal Projects (WCP).

In its September 2014 Quarterly Activities Report the Company advised that the WCP joint
venture partners had engaged with LMC in respect of taking over the management and
operation responsibility for the Facility so as to ensure the long term availability of treated
water for utilisation in the proposed project development and operations.

The agreement entitles, but does not oblige, Sekoko, on behalf of the WCP, to access
treated water for 30 years with an option to renew the agreement for a further term.

The Facility has a treatment capacity of 10 million litres per day, or 3.64 million cubic metres
per annum and will provide the WCP with sufficient water not only for its proposed Export
Project development, but also Stage 1 of its proposed IPP development which is currently
under technical and economic assessment.

Securing this water agreement is a very significant and necessary step towards the
development of the WCP which the joint venture partners are targeting a project start up for
the Export Project towards the end of Q4 of 2015.

Stephen Miller
Executive Director and CEO
The Waterberg Coal Company Limited

3 August 2015

JSE Sponsor
The Standard Bank of South Africa Limited

Registered office:
Level 2, 1 Walker Avenue West Perth, Western Australia 6005
Australia
Tel:+61 8 9485 0888
Fax: +61 8 9485 0077

South African office:
Level 1, The Place,
1 Sandton Dr
Sandton, 2146
South Africa
Tel: +27 10 594 2240
Fax: +27 10 594 2253
Contact:
Mr Stephen Miller
Executive Director/CEO

Or

Investor relations in South Africa:
Lawrie Mackintosh

E-mail:

info@waterbergcoal.net


Directors:
Dr Mathews Phosa (Chairman)
Stephen Miller
(Executive Director and CEO)
Lee Boyd
(Director and Company Secretary)




                                    

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