CoAL provides update on Makhado Project

David Brown, Chief Executive Officer CoAl

David Brown, Chief Executive Officer CoAl

JOHANNESBURG, (CAJ News) – COAL of Africa (CoAL) has announced the granting of the Amendment of the Environmental Authorisation in terms of the National Environmental Management Act (NEMA) and the Environmental Impact Assessment Regulations (2014) for Makhado Project.

The granting by the Department of Mineral Resources (DMR) and Limpopo Department of Economic Development, Environment and Tourism (LEDET) transfers the holding of the Environmental Authorisation from CoAL to
Baobab Mining and Exploration.

David Brown, Chief Executive Officer, said the decision by the DMR and LEDET, and was a confirmation of the government’s commitment to drive socio-economic development, not only in our area of operation, but also
the broader Limpopo Province.

The Environmental Authorisation for the Makhado Project was granted to CoAL in August 2013 by the, requiring that activities within the Authorisation commence within a three year period.

CoAL applied to amend the Environmental Authorisation, amending the holder of the authorisation to Baobab Mining and Exploration (Pty) Ltd, the legal operating entity of the Makhado Project, thus ensuring the alignment of
the ownership of the full suite of regulatory authorisations for the Project within the appropriate vehicle.

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Posted by on Jul 25 2016. Filed under Finance, Mining, Mining & Engineering, National, Regional. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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