The DMR has also granted a conditional NOMR for the Holfontein coal project near the middle of Sasol’s Secunda coal production area. The Holfontein NOMR is conditional on delivery of certain documents to the DMR. CoAL expects to execute both rights with the DMR by the end of February 2010.
Simon Farrell, managing director of CoAL, said: “This is one of the biggest milestones in the Company’s history and allows us to proceed toward development of our Vele coking coal project immediately upon execution of the mining licence.”
CoAL is a coal mining and development company operating in South Africa. The company’s projects include the Woestalleen Colliery, the 113 million tonne Mooiplaats thermal coal mine, the 656 million tonne Vele coking coal project and the one billion tonne Makhado coking coal project.
