MC Mining Limited Makhado EA Appeal Dismissed (3945W)
April 17 2019 - 1:00AM
UK Regulatory
TIDMMCM
RNS Number : 3945W
MC Mining Limited
17 April 2019
ANNOUNCEMENT
17 April 2019
DISMISSAL OF APPEALS AGAINST MAKHADO PROJECT ENVIRONMENTAL
AUTHORISATION AMENDMENTS
MC Mining Limited ("MC Mining" or the "Company") is pleased to
announce further progress at its Makhado hard coking and thermal
coal project ("Makhado Project" or "Makhado"), owned by subsidiary
Baobab Mining & Exploration (Pty) Ltd ("Baobab").
Baobab applied to both the Department of Mineral Resources
("DMR") and the Limpopo Department of Economic Development,
Environment and Tourism ("LEDET") during January 2018 for an
amendment to Makhado's Environmental Authorisation ("EA"). The
amendment allows for the transportation of coal to Musina by road
rather than rail and was approved by the DMR and LEDET during
September 2018. Following this, the same narrow interest group that
had previously and unsuccessfully appealed the original Makhado EA,
appealed the DMR and LEDET decisions resulting in the suspension of
the EA amendment authorisations.
The Company is pleased to announce that both appeals have been
dismissed. This results in the EA amendment being effective and
reaffirms the Makhado Project's permitted status.
David Brown, CEO commented:
"This dismissal of the appeals by the South African government
reinforces the robustness of Baobab's permitting processes despite
continued attempts by narrow interest groups to halt the project's
progress. The recently announced phased development of Makhado
includes the utilisation of the existing, modified Vele processing
plant as well as road and rail infrastructure previously tested.
The Company anticipates that funding dependent, construction of
Makhado Phase 1 should commence in Q3 CY2019, contributing
significantly to the socio-economic development in the area and
generating positive returns for shareholders in the near-term."
Authorised by
David Brown
Chief Executive Officer
For more information contact:
David Brown Chief Executive Officer MC Mining Limited +27 10 003 8000
Brenda Berlin Chief Financial Officer MC Mining Limited +27 10 003 8000
Tony Bevan Company Secretary Endeavour Corporate Services +61 08 9316 9100
Company advisors:
Financial PR
Jos Simson/ Gareth Tredway (United Kingdom) Tavistock +44 20 7920 3150
Ross Allister/David McKeown/James
Bavister Nominated Adviser and Broker Peel Hunt LLP +44 20 7418 8900
Charmane Russell/Olwen Auret Financial PR (South Africa) R&A Strategic Communications +27 11 880 3924
Investec Bank Limited is the nominated JSE Sponsor
About MC Mining Limited:
MC Mining 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).
Regulatory
This announcement is inside information for the purposes of
Article 7 of Regulation 596/2014.
This information is provided by RNS, the news service of the
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END
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