To view the PDF file, sign up for a MySharenet subscription.

COAL OF AFRICA LIMITED - Vele Colliery's applications to renew and amend the integrated water use licence granted

Release Date: 13/01/2016 12:00
Code(s): CZA     PDF:  
Wrap Text
Vele Colliery's applications to renew and amend the integrated water use licence granted

 Coal of Africa Limited
 (Incorporated and registered in Australia)
 Registration number ABN 008 905 388
 ISIN AU000000CZA6
 JSE/ASX/AIM share code: CZA
 ("CoAL or the "Company" or the "Group")



ANNOUNCEMENT                                                                       13 JANUARY 2016




VELE COLLIERY’S APPLICATIONS TO RENEW AND AMEND THE INTEGRATED WATER USE LICENCE
GRANTED


Coal of Africa Limited (“CoAL” or the” Company”) is pleased to advise that the Integrated Water Use Licence
(IWUL) for its Vele Colliery in the Limpopo Province has been renewed for a further twenty years. In March
2011, Vele’s original IWUL was granted for a period of five years.


Furthermore, the IWUL has been amended in line with the requirements for the Plant Modification Project
(PMP) at the Colliery. During H2 2015, the Company commenced a process to obtain approval relating to a
non-perennial stream diversion. This decision is anticipated in H2 2016. Once this regulatory approval in
respect of the Colliery has been received, the final decision to proceed with the PMP will be placed before the
board, which will include an assessment of forecast global coal prices.


Commenting on the announcement David Brown, CEO of Coal of Africa said, “We welcome this decision by
the Department of Water and Sanitation (DWS) as a confirmation of the progress made in the implementation
of the co-existence model implemented at Vele Colliery, which seeks co-operation between mining,
agriculture and heritage land uses. We continue to assess opportunities to bring the Vele Mine back into
production”.




AUTHORISED BY:


David Brown
For more information contact:
David Brown                                                    Chief Executive Officer                              Coal of Africa                  +27 10 003 8000
De Wet Schutte                                                 Chief Financial Officer                              Coal of Africa                  +27 10 003 8000
Celeste Riekert                                                Investor Relations                                   Coal of Africa                  +27 10 003 8000
Tony Bevan                                                     Company Secretary                                    Endeavour Corporate Services    +61 08 9316 9100


Company advisors:
Jos Simson/Emily Fenton                                        Financial PR (United Kingdom)                        Tavistock                      +44 20 7920 3150
Matthew Armitt/Ross Allister                                   Nominated Adviser and Broker                         Peel Hunt LLP                  +44 20 7418 8900


Charmane Russell/Olwen Auret                                   Financial PR (South Africa)                          Russell & Associates           +27 11 880 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).



AU: Coal of Africa Limited, Suite 8, 7 The Esplanade, Mount Pleasant, Perth WA 6153, Australia, Tel: +61 8 9316 9100, Fax: +61 8 9316 5475
ZA: South Block, Summercon Office Park, Cnr Rockery Lane and Sunset Avenue, Lonehill, 2191, Tel: +27 10 003 8000 Fax: +27 11 388 8333 Email: adminza@coalofafrica.com

Bernard R. Pryor – Chairman, David H. Brown – Chief Executive Officer,
Non-executive directors: Peter G. Cordin, Andrew D Mifflin, Khomotso B. Mosehla ,Thabo F Mosololi, Rudolph H. Torlage

Date: 13/01/2016 12:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story