Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMc Mining Regulatory News (MCM)

Share Price Information for Mc Mining (MCM)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 7.50
Bid: 7.00
Ask: 8.00
Change: 0.00 (0.00%)
Spread: 1.00 (14.286%)
Open: 7.50
High: 7.50
Low: 7.50
Prev. Close: 7.50
MCM Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Coal of Africa and Coalition sign MOU

24 Nov 2011 09:00

RNS Number : 6979S
Coal of Africa Limited
24 November 2011
 



Press ANNOUNCEMENT 24 November 2011

 

COAL OF AFRICA AND COALITION SIGN MOU AND COMMIT TO WORK TOGETHER

 

Johannesburg, South Africa. 24 November 2011. Coal of Africa Limited (CoAL) and the Save Mapungubwe Coalition (the Coalition), consisting of the Endangered Wildlife Trust, BirdLife South Africa, Wilderness Foundation South Africa, World Wide Fund for Nature South Africa, Mapungubwe Action Group and the Association of Southern African Professional Archaeologists (CoAL and the Coalition, together the Parties) have signed an historic Memorandum of Understanding (MOU), today, Thursday, 24 November 2011.

 

In terms of the MOU, the Parties commit to work together and strengthen cooperation in the interest of sustainable development and the preservation and protection of the Mapungubwe cultural landscape.

 

CoAL has undertaken to share all information relevant to the impacts of the Vele Colliery on the environment, including water and heritage resources. The negotiations will address, amongst others, further research, monitoring and modeling of the potential impacts of mining at the Vele Colliery and requisite amendments and improvements to Limpopo Coal's approved environmental management plan (EMP) and water use license as may be agreed by the Parties.

The Coalition has agreed to stay the legal proceedings and the administrative appeals against the New Order Mining Right, the EMP, the Integrated Water Use Licence and the section 24G authorisation subject to the signature of a Memorandum of Agreement (MOA) between the Parties by 31 January 2012. Pursuant to the conclusion of the MOA, the legal proceedings and administrative appeals against Vele Colliery will be withdrawn.

 

The Parties will endeavour to facilitate participation by the Coalition regarding the terms of the biodiversity off-set agreement to be concluded between CoAL, the Department of Environmental Affairs and the South African National Parks.

 

Coal of Africa CEO John Wallington welcomes the opportunity to engage with the Coalition, and reinforced the company's commitment to do the right thing and to engage openly and regularly with stakeholders.

 

The Parties will now seek to conclude the MOA which will contain further detail concerning their commitments in managing the sustainable development of the Mapungubwe cultural landscape. The Parties have agreed to progress their discussions in good faith, with the aim of setting a new best practise benchmark for managing and mitigating the impacts of mining and related activities at the Vele Colliery on the environment.

 

 

For more information contact:

 

Sakhile Ndlovu IR & PR Manager Coal of Africa +27 11 575 6858

+ 27 83 306 7058

Charmane Russell Financial PR S.Africa Russell & Associates + 27 11 880 3924

+27823725816

James Duncan +27 82 892 8052

 

 

www.coalofafrica.com

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCVZLBLFFFZFBE
Date   Source Headline
24th May 20248:00 amRNSGoldway's Buy-Out Offer
24th May 20247:00 amRNSChange in substantial holding
22nd May 20247:00 amRNSGoldway - Commencement of compulsory buy-out
21st May 20246:00 pmRNSMC Mining Limited
21st May 20243:45 pmRNSVesting of Performance Rights and Issue of Equity
20th May 20243:45 pmRNSChange of Company Address
20th May 20243:30 pmRNSCancellation of Admission to Trading on AIM
17th May 20247:30 amRNSAppointment of New Company Secretary
30th Apr 202410:15 amRNSRECEIPT OF SHAREHOLDER NOTICE
30th Apr 20249:31 amRNSAppendix 5B
30th Apr 20249:30 amRNSACTIVITIES REPORT FOR THE QUARTER ENDED 31 MAR 24
25th Apr 20242:00 pmRNSDirectorate Change
23rd Apr 20247:00 amRNSChange in substantial holding
22nd Apr 20247:00 amRNSChange in substantial holding
19th Apr 20248:16 amRNSResignation of Independent Non-Executive Director
18th Apr 20249:00 amRNSGoldway - Sixth Supplementary Bidder's Statement
15th Apr 20247:24 amRNSGoldway - Fifth supplementary bidder's statement
15th Apr 20247:00 amRNSChange in substantial holding
10th Apr 20248:00 amRNSResponse to Offer Being Declared Unconditional
8th Apr 20247:00 amRNSNotice of Variation of Unconditional Offer
8th Apr 20247:00 amRNSSatisfaction of Minimum Acceptance Condition
5th Apr 20247:00 amRNSGoldway - Notice of Status of Defeating Conditions
5th Apr 20247:00 amRNSChange in substantial holding
4th Apr 20244:30 pmRNSExtension of Offer Period for Off-Market Takeover
4th Apr 20247:00 amRNSGoldway - Notice of Extension of Offer Period
3rd Apr 202411:00 amRNSResponse to 4th Supplementary Bidder's Statement
2nd Apr 20247:00 amRNSChange in substantial holding
28th Mar 20247:00 amRNSGoldway - Fourth supplementary bidder's statement
25th Mar 20248:49 amRNSResponse to 3rd Supplementary Bidder's Statement
22nd Mar 20247:00 amRNSGoldway Capital Investment - Status of Conditions
22nd Mar 20247:00 amRNSChange in substantial holding
21st Mar 20247:00 amRNSGoldway - Third supplementary bidder's statement
20th Mar 20241:01 pmRNSResponse to 2nd Supplementary Bidder's Statement
19th Mar 20247:01 amRNSChange in substantial holding
18th Mar 20247:33 amRNSSupplementary Target's Statement - DO NOT ACCEPT
15th Mar 202410:15 amRNSInterim Financial Report
15th Mar 20249:41 amRNSHalf-year Results
14th Mar 20249:51 amRNSSecond Bidder's Statement - Do Not Accept
12th Mar 20247:19 amRNSOffer Update
8th Mar 20249:31 amRNSNon-Binding Indicative Offer from Vulcan Resources
4th Mar 20247:00 amRNSChange in substantial holding
4th Mar 20247:00 amRNSRelease of Target Statement
19th Feb 20247:00 amRNSGoldway Capital - Dispatch of Bidder's Statement
15th Feb 20248:04 amRNSOff-Market Takeover Bid - Do NOT Accept the Offer
15th Feb 20247:00 amRNSGoldway Capital - Supplementary Bidder's Statement
2nd Feb 202411:30 amRNSTakeover Bid - Receipt of Bidder's Statement
2nd Feb 20247:00 amRNSGoldway Capital Investment - Bidder's Statement
31st Jan 20248:45 amRNSAppendix 5B
31st Jan 20248:40 amRNSActivities Report for the Quarter ended 31 Dec 23
24th Jan 20249:30 amRNSNon-Binding and Indicative Proposal Update

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.