The agreement gives CoAL access to three new coking coal projects Mount Stuart, Voorburg and Jutland.
This farm swap agreement between Rio Tinto and CoAL gives both companies the potential to develop significantly larger-scale continuous and economic coal projects, CoAL chief executive officer John Wallington said today.
CoAL expects to lodge the application by the end of this year. Alongside Makhado, its key projects include the Woestalleen colliery, the Mooiplaats thermal coal mine and the Vele coking project.
CoAL plans to resume production at Vele in the fourth quarter. The South African government launched a criminal investigation at the site on 11 August over allegations that it contravened environmental laws.
China Chemical Weekly: http://news.chemnet.com/en/detail-1411716.html
