The approval of sale was under the Section 11 consents which relates to the transfer of an interest or control in a mining or prospecting licence holder.
Coal of Africa CEO John Wallington said the granting of the Section 11 consents by the Minister concludes the regulatory steps to complete the acquisition of the Chapudi Coal Assets.
"The transaction provides significant scale and optionality in the planning of future mining projects, and will enable the consolidation of several contiguous tenements in the Soutpansberg coalfield," he added.
Coal of Africa has begun the detailed planning and technical work on the acreage with its partners, and the evaluating the reserve and resource calculations.
