https://www.miningweekly.com

CoAL continues to progress Makhado development

30th September 2016

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

  

Font size: - +

JOHANNESBURG (miningweekly.com) – Coal of Africa Limited (CoAL) on Friday reported that an optimisation study and the front-end engineering and design have been completed for its Makhado project.

The mine, in Limpopo, will unearth hard coking and thermal coal for export and domestic consumption. Initially, the operation will be an opencast mine, with potential for expansion to an underground operation in future years.

The work was completed by engineering and project delivery group DRA Projects South Africa and demonstrated a 31% reduction in upfront capital requirements to $280-million.

The triple-listed company continued with its project development programme, despite the project’s integrated water use licence being suspended in April – less than three months after it was granted.

Talks in this regard were ongoing, it stated.

Meanwhile, the miner also signed a nonbinding memorandum of understanding with Qingdao Hengshun Zhongsheng Group with respect to a proposed equity investment in its Baobab Mining and Exploration subsidiary.

Baobab owns the mining right for the Makhado project.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

SBS Tanks
SBS Tanks

SBS® Tanks is a leading provider of innovative water security solutions with offices in Southern Africa, East and West Africa, the USA and an...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024
Resources Watch
Resources Watch
17th April 2024

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.109 0.149s - 90pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: