In March 2011, Vele’s original IWUL was granted for a period of five years.
Furthermore, the IWUL has been amended in line with the requirements for the Plant Modification Project (PMP) at the colliery. During H2, 2015, CoAL commenced a process to obtain approval relating to a non-perennial stream diversion. This decision is anticipated in H2, 2016.
Once this regulatory approval has been received, the final decision to proceed with the PMP will be placed before the board, which will include an assessment of forecast global coal prices.
Commenting on the announcement David Brown, CEO of Coal of Africa says, “We welcome this decision by the Department of Water and Sanitation (DWS) as a confirmation of the progress made in the implementation of the co-existence model implemented at Vele colliery, which seeks co-operation between mining, agriculture and heritage land uses. We continue to assess opportunities to bring the Vele mine back into production.”