MC Mining Limited Integrated Water Use Licence Granted for Vele (6240E)
February 13 2018 - 1:00AM
UK Regulatory
TIDMMCM
RNS Number : 6240E
MC Mining Limited
13 February 2018
ANNOUNCEMENT 13 February 2018
INTEGRATED WATER USE LICENCE GRANTED FOR VELE COLLIERY
MC Mining Limited ("MCM" or the "Company") is pleased to
announce that the South African Department of Water and Sanitation
has granted an Integrated Water Use Licence in terms of the
National Water Act (Act 36 of 1998) for the Vele Colliery's stream
diversion and associated infrastructural activities.
This approval completes the full regulatory suite of all
authorisations required for the Vele Colliery. As previously
advised, the final decision on whether to proceed with the Plant
Modification Project will be placed before the Company's Board,
which will include an assessment of long term pricing as well as
logistics considerations. The Board will evaluate all options
available, which will be communicated at the appropriate time.
Mr David Brown, Chief Executive Officer, commented:
"We welcome this decision and the securing of all the regulatory
authorisations for the Colliery. Furthermore, this decision is a
confirmation of government's support of the Company's co-existence
model which facilitates the co-existence of mining, agriculture and
heritage land uses in line with the historic biodiversity offset
agreement between the Department of Environmental Affairs, the
South African National Parks and MCM."
Authorised by
David Brown
Chief Executive Officer
For more information contact:
David Brown Chief Executive Officer MC Mining Limited +27 10 003 8000
Tony Bevan Company Secretary Endeavour Corporate Services +61 08 9316 9100
Company advisors:
Jos Simson/Barney Hayward/ Financial PR
Annabel de Morgan (United Kingdom) Tavistock +44 20 7920 3150
Ross Allister/Richard
Crichton/James Bavister Nominated Adviser and Broker Peel Hunt LLP +44 20 7418 8900
Charmane Russell/Olwen Auret Financial PR (South Africa) Russell & Associates +27 11 880 3924 or
+27 82 372 5816
Investec Bank Limited is the nominated JSE Sponsor
About MC Mining Limited:
MC Mining Limited (MCM) is an AIM/ASX/JSE listed coal
exploration, development and mining company operating in South
Africa. MCM's key projects include the Uitkomst Colliery
(metallurgical coal), Makhado Project (coking and thermal coal).
Vele Colliery (coking and thermal coal), and the Greater
Soutpansberg Projects (MbeuYashu).
Forward-Looking Statements
This Announcement, including information included or
incorporated by reference in this Announcement, may contain
"forward-looking statements" concerning MC Mining Limited (MCM)
that are subject to risks and uncertainties. Generally, the words
"will", "may", "should", "continue", "believes", "expects",
"intends", "anticipates" or similar expressions identify
forward-looking statements. These forward-looking statements
involve risks and uncertainties that could cause actual results to
differ materially from those expressed in the forward-looking
statements. Many of these risks and uncertainties relate to factors
that are beyond MCM's ability to control or estimate precisely,
such as future market conditions, changes in regulatory environment
and the behaviour of other market participants. MCM cannot give any
assurance that such forward-looking statements will prove to have
been correct. The reader is cautioned not to place undue reliance
on these forward looking statements. MCM assumes no obligation and
do not undertake any obligation to update or revise publicly any of
the forward-looking statements set out herein, whether as a result
of new information, future events or otherwise, except to the
extent legally required.
Statements of intention
Statements of intention are statements of current intentions
only, which may change as new information becomes available or
circumstances change.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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