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Wednesday, July 6, 2011

Coal of Africa gets environmental approval for Vele coking coal project

Wednesday, 06 July 2011

On July 6, Western Australia-based leading coal and metals processing company Coal of Africa Limited (CoAL) announced that it has received environmental approval from South Africa's Department of Environmental Affairs (DEA) effective as of July 5, 2011 for its Vele Colliery coking coal project in South Africa. However, Coal of Africa will have to fulfill some specific conditions since the project is located in close vicinity to a UNESCO World Heritage Site.

The project was suspended last August because of environmental controversies. The construction at Vele is expected to be completed within six to nine months. Vele will ramp up to an initial production profile of one million mt per annum.

John Wallington, chief executive officer of CoAL, commented, "We are very aware of our broader obligation to the responsible development of our assets, and we are acutely aware of the sensitivity of the area and the significant responsibilities the approval brings. We are committed to engaging continually with all key stakeholders as development resumes and operations commence."

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