JOHANNESBURG (miningweekly.com) – Triple-listed Coal of Africa Limited (CoAL) on Friday said its integrated water-use licence (IWUL) for the Makhado project, in Limpopo, has been suspended – less than three months after it was granted.
This followed an appeal, which resulted in an automatic suspension, by the Vhembe Mineral Resources Forum and other parties to the Department of Water and Sanitation, which had granted the 20-year IWUL for the emerging colliery on January 14.
“This appeal has been anticipated and CoAL is in the process of preparing an urgent representation to the Water and Sanitation Minister 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 told shareholders in a statement.
The group aimed to continue its engagement with all stakeholders to ensure the ongoing implementation of its “coexistent model, seeking cooperation between mining, agriculture and heritage land uses”.
The granting of the IWUL was a significant milestone for CoAL, bringing the Makhado project closer to production.
The company's shares on the JSE dropped some 4% by 10:00 on Friday.
Edited by: Creamer Media Reporter
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