CoAL moves closer to restarting Vele colliery
The approval from the Department of Mineral Resources under the National Environmental Management Act gave CoAL, which is traded on the Johannesburg, Sydney and London bourses, the nod to divert a stream and conduct various infrastructure activities.
However, the company has yet to win an integrated water-use licence from the Department of Water and Sanitation, which is the final regulatory approval it needs for the diversion.
"A new benchmark for coexistence between mining, agriculture and heritage land uses is being set at Vele with the ongoing implementation of the biodiversity offset agreement between the Department of Environmental Affairs, the South African National Parks and CoAL," said CE David Brown.
CoAL fell nearly 2% on Monday to 54c after a gain around midday to 57c. Trading was thin, with just eight deals entailing 46,069 shares swapping hands.
Source: Business Day
Source: I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.zaRelated
