Although always worth a read....1 Aug 2018 08:19
SML’s are awarded to projects with a capital expenditure requirement in excess of $100 million, following
production of a positive feasibility study and meeting all other criteria. They are issued for the life-of-mine,
which in Mbeya’s case is 25-32 years. The SML will be subject to a comprehensive Mining Development
Agreement with the government. On receipt of the SML, the Company can exploit the 121 Mt Coal Resource
at the MCPP as part of its strategy to construct a 300MW mine-mouth coal fired power station, which could be
expanded to 1000MW.