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

COAL OF AFRICA LIMITED - Environmental Authorisation granted for Vele Colliery

Release Date: 30/01/2017 09:00
Code(s): CZA     PDF:  
Wrap Text
Environmental Authorisation granted for Vele Colliery

 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                                                                 30 JANUARY 2017



                        Environmental Authorisation granted for Vele Colliery

Coal of Africa Limited (“CoAL” or “the Company”) is pleased to announce that the South African
Department of Mineral Resources (“DMR”) has granted an Environmental Authorisation in terms of
the National Environmental Management Act (“NEMA”) (Act 107 of 1998) and the Environmental
Impact Assessment Regulations (2014) for Vele Colliery for stream diversion and associated
infrastructural activities.

CoAL awaits the approval of an Integrated Water Use Licence (“IWUL”) from the Department of
Water and Sanitation which is the final regulatory approval required for the stream diversion in
respect of the Vele Plant Modification Project (“PMP”).

Mr David Brown, Chief Executive Officer, commented, “We welcome this decision by the DMR, and
look forward to the receipt of the IWUL. Upon receipt thereof, the final decision to proceed with the
PMP will be placed before the board, which will include an assessment of forecast global coal
prices.

“A new benchmark for co-existence between mining, agriculture and heritage land uses is being set
at Vele, with the on-going implementation of the historic biodiversity offset agreement between the
Department of Environmental Affairs, the South African National Parks and CoAL. This is evidenced
through the company’s continued engagement with various stakeholders including regulatory
authorities, land owners, communities and advocacy groups through the Environmental
Management Committee.         We continue to engage with our stakeholders to optimise this co-
operation framework, as we strive to maximise the benefits of mining for all our stakeholders,
particularly our beneficiary communities.”

Authorised by

David Brown
CEO

30 January 2017



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, De Wet O Schutte
Non-executive directors: Peter G. Cordin, Andrew D Mifflin, Khomotso B. Mosehla ,Thabo F Mosololi, Rudolph H. Torlage, Shangren Ding

Date: 30/01/2017 09:00:00 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