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

Response to Save Mapungubwe Coalition's withdrawal

10 Dec 2012 07:00

RNS Number : 0912T
Coal of Africa Limited
10 December 2012
 



ANNOUNCEMENT 10 December 2012

 

Coal of Africa Limited's response to Save Mapungubwe Coalition's withdrawal from the Memorandum of Understanding

Coal of Africa Limited ("CoAL" or "the Company") advises that the Save Mapungubwe Coalition ("the Coalition") has confirmed its withdrawal from the Memorandum of Understanding ("MoU") signed with CoAL on 24 November 2011. The Coalition and CoAL signed the MoU committing to working together and strengthening cooperation in the interest of sustainable development and the preservation and protection of the Mapungubwe Cultural Landscape.

In a public statement released on 7 December 2012, the Coalition stated that there is additional information that highlights past and on-going non-compliance with water legislation at the Vele Colliery ("Vele" or "the mine"), as well as existing detrimental impacts that now require remediation. The Company is of the firm view that the basis on which the Coalition is withdrawing and its allegations are inaccurate, which CoAL has addressed on numerous occasions with the Coalition. In addition, the Coalition has to date not been to the Vele mine site in spite of the numerous invitations from the company for it to visit in order to observe and appreciate the systems introduced to manage the environment.

The mine is regularly audited by environmental authorities and to date has not received negative feedback on environmental compliance. The Company is compliant with the requirements of the Environmental Authorisation for the mine as evidenced by the consistent compliance record exceeding 90% on environmental audits at the mine conducted by an independent environmental control officer and independent environmental manager .This is a major achievement and reflection of the success that we have attained through collaboration with various stakeholders.

CoAL reiterates that Vele has valid regulatory licenses and permits, including the Integrated Water Use Licence, for all of its activities and production will continue as planned. In this regard, CoAL confirms that the Coalition's withdrawal from the MoU will not have an impact on the daily operations at the mine.

Coal of Africa looks forward to a constructive on-going working relationship with the Coalition in the Environmental Management Committee ("the Committee") established in terms of the Environmental Authorisation for Vele. The Company would want the Coalition to utilise the Committee constructively, as stated in their press release, to ensure compliance with environmental, water and heritage legislation at Vele, and the preservation and protection of the Mapungubwe Cultural Landscape.

 

Coal of Africa is pleased that the Committee and sub-committees are operating effectively and include representatives from the relevant government departments, non-governmental organisations, municipalities, farming communities and other stakeholders.

 

Authorised by

JOHN WALLINGTON

Chief Executive Officer

10 December 2012

 

 

For more information contact:

David Brown

Chairman

Coal of Africa

+27 11 575 4363

John Wallington

Chief Executive Officer

Coal of Africa

+27 11 575 4363

Sakhile Ndlovu

Investor Relations

Coal of Africa

+27 11 575 6858

 

Company advisors:

Jos Simson/Emily Fenton

Financial PR (United Kingdom)

Tavistock

+44 20 7920 3150

Chris Sim/Neil Elliot

Nominated Adviser

Investec Bank plc

+44 20 7597 5970

Charmane Russell/James Duncan

Financial PR (South Africa)

Russell & Associates

+27 11 880 3924 or

+27 82 372 5816

Investec Bank Limited is the nominated JSE Sponsor

About CoAL:

CoAL is an AIM/ASX/JSE listed coal exploration, development and mining company operating in South Africa. CoAL's key projects include the Vele Colliery (coking and thermal coal), the Greater Soutpansberg Project, including CoAL's Makhado Project (coking coal) and the Mooiplaats and Woestalleen Collieries (both thermal coal).

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
RSPUGGWAPUPPPGB
Date   Source Headline
28th Oct 20168:00 amRNSReport for the Quarter Ended 30 September 2016
24th Oct 20167:00 amRNSDespatch of Annual Report and Notice of AGM
12th Oct 20167:00 amRNSDirectorate Change
30th Sep 20168:01 amRNSAUDITED ANNUAL CONSOLIDATED FINANCIAL STATEMENTS
30th Sep 20168:00 amRNSFull Year Results
12th Aug 20164:40 pmRNSSecond Price Monitoring Extn
12th Aug 20164:35 pmRNSPrice Monitoring Extension
29th Jul 20167:01 amRNSAppendix 5B
29th Jul 20167:00 amRNSQuarterly Report ended 30 June 2016
25th Jul 20167:00 amRNSUPDATE ON REGULATORY PROCESSES AT MAKHADO PROJECT
15th Jul 20161:15 pmRNSLapse of Offer for Universal Coal Plc
8th Jul 201610:42 amRNSNotice of Waiving of Defeating Condition
8th Jul 201610:07 amRNSNotice of status of defeating conditions
28th Jun 20167:00 amRNSUPDATE: RECOMMENDED OFFER FOR UNIVERSAL COAL PLC
20th Jun 20168:00 amRNSSch 1 update - Coal of Africa Limited
17th Jun 20167:00 amRNSUPDATE: RECOMMENDED OFFER FOR UNIVERSAL COAL PLC
7th Jun 20167:00 amRNSUPDATE: RECOMMENDED OFFER FOR UNIVERSAL COAL PLC
31st May 20167:00 amRNSUPDATE: RECOMMENDED OFFER FOR UNIVERSAL COAL PLC
24th May 20167:00 amRNSUPDATE: RECOMMENDED OFFER FOR UNIVERSAL COAL PLC
13th May 20169:00 amRNSUPDATE: RECOMMENDED OFFER FOR UNIVERSAL COAL PLC
4th May 20167:00 amRNSDeferred Consideration amendment agreement signed
3rd May 20167:00 amRNSUPDATE: RECOMMENDED OFFER FOR UNIVERSAL COAL PLC
29th Apr 20167:01 amRNSAppendix 5B
29th Apr 20167:00 amRNSQuarterly Report ended 31 March 2016
22nd Apr 20168:00 amRNSUPDATE: RECOMMENDED OFFER FOR UNIVERSAL COAL PLC
18th Apr 20164:35 pmRNSPrice Monitoring Extension
18th Apr 20169:30 amRNSUPDATE: RECOMMENDED OFFER FOR UNIVERSAL COAL PLC
11th Apr 20167:00 amRNSUPDATE: RECOMMENDED OFFER FOR UNIVERSAL COAL PLC
8th Apr 20169:30 amRNSUPDATE: RECOMMENDED OFFER FOR UNIVERSAL COAL PLC
8th Apr 20167:00 amRNSIWUL GRANTED FOR THE MAKHADO PROJECT SUSPENDED
14th Mar 20167:01 amRNSInterim Financial Report
14th Mar 20167:00 amRNSResults for the 6 Months Ending December 2015
11th Mar 20169:00 amRNSTransaction Update
8th Mar 20164:35 pmRNSPrice Monitoring Extension
8th Mar 20167:00 amRNSRio Tinto Chapudi Agreements
7th Mar 20167:00 amRNSSchedule 1 update - Coal of Africa Limited
3rd Mar 201610:43 amRNSResults of GM and Recommeded Offer Update
2nd Mar 20164:40 pmRNSSecond Price Monitoring Extn
2nd Mar 20164:35 pmRNSPrice Monitoring Extension
25th Feb 20167:00 amRNSSchedule 1 - Coal of Africa Limited
19th Feb 20164:35 pmRNSPrice Monitoring Extension
18th Feb 20167:00 amRNSUpdate: Recommeded Offer For Universal Coal PLC
1st Feb 20167:16 amRNSPublication of Admission Document
28th Jan 20167:01 amRNSAppendix 5B
28th Jan 20167:00 amRNSQuarterly Report ended 31 December 2015
18th Jan 20167:00 amRNSOptimisation Study and FEED package awarded to DRA
14th Jan 20167:00 amRNSMakhado Integrated Water Use Licence Granted
13th Jan 201610:00 amRNSVELE RENEWED INTEGRATED WATER LICENCE GRANTED
11th Jan 20167:11 amRNSRESPONSE TO ANNOUNCEMENT BY HEI
21st Dec 20159:30 amRNSPublication Of Offer Document

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.