CoAL confident Makhado construction will start in H2
JOHANNESBURG (miningweekly.com) – Coal of Africa Limited (CoAL) is still planning for construction at its Makhado coking coal project, in Limpopo, to start in the second half of this year.
This was despite a 2014 interim court interdict, which sought to halt any mining or construction activity. The matter was heard in December and CoAL noted that it did not expect the process to affect Makhado’s construction timetable.
The mine would produce 5.5-million tonnes a year of saleable product once in production.
CEO David Brown noted that the recent signing of a nonbinding memorandum of understanding with Qingdao Hengshun Zhongsheng Group regarding a potential equity investment in CoAL subsidiary Baobab Mining and Exploration, was an “important milestone” in finding an investor for Makhado.
Hengshun had started due diligence on the Makhado project.
Meanwhile, CoAL on Thursday also said it expected to obtain approval relating to a nonperennial stream diversion at its Vele colliery in the second half of the year.
“Once this regulatory approval in respect of the colliery has been received, the final decision to proceed with the plant modification project will be placed before the board, which will include an assessment of forecast global coal prices,” the company said in a statement.
Brown added that regulatory progress and project development achievements during the last quarter reiterated CoAL’s commitment to delivering its short to medium-term strategy.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation