19th Nov 2015 11:22
LONDON (Alliance News) - Coal of Africa Ltd on Thursday said an appeal against its Vele Colliery in the Limpopo Province in South Africa has been rejected.
The company said Edna Molewa, South African Minister of the Department of Environmental Affairs, has dismissed the appeal made against the environmental authorisation given to the colliery.
"We welcome this decision by the Minister and remain firmly committed to the co-existence model implemented at Vele Colliery, which seeks co-operation between mining, agriculture and heritage land uses. The Minister's decision represents another step towards getting the Vele Mine back into production," said David Brown, Coal of Africa's chief executive.
Shares in Coal of Africa were down 0.9% to 2.75 pence on Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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