All data is delayed
Loading...
See More

CoAL rail plan angers farmers

Apr 20 2012 10:00
Sapa

Company Data

ARCELORMITTAL SOUTH AFRICA LIMITED [JSE:ACL]

Last traded 11
Change 0
% Change -2
Cumulative volume 238186
Market cap 0

Last Updated: 27-03-2017 at 02:11. Prices are delayed by 15 minutes. Source: McGregor BFA

COAL OF AFRICA LIMITED [JSE:CZA]

Last traded 1
Change 0
% Change 4
Cumulative volume 358870
Market cap 0

Last Updated: 27-03-2017 at 11:17. Prices are delayed by 15 minutes. Source: McGregor BFA

Johannesburg - Coal of Africa [JSE:CZA] (CoAL) is planning to build a R300m railway line north of the Soutpansberg in the Limpopo River basin to transport coal from the Makhado-project to ArcelorMittal SA [JSE:ACL] in Vanderbijlpark.

Marietjie Eksteen, CoAL's environmental consultant, said at a Johannesburg meeting for interested parties at the company's head office on Thursday that the tracks, with a projected cost of R22.5m, would cross nine farms, among them four game farms, Beeld reported on FRiday.

She said 400 indigenous trees, several of them protected, would have to be removed, and that the company would apply for permits to do so.

Eksteen said furthermore that the company planned to erect a game fence on both sides of the track.

Owners of game farms in the area were upset by the plans, Beeld reported, saying a fence would have a negative effect on the migration patterns of game.

They also expressed concern that CoAL's plans would impact negatively on their quality of life and the value of their land.

Farmers in the area oppose CoAL's development plans, and they anticipated that the issue would end up being settled in court, it was reported.

CoAL has meanwhile applied for a mining permit and a water licence, and hopes to begin mining in Makhado early in 2013.

 
farmers

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Comments have been closed for this article.
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Do you think women are under-represented in leadership positions globally?

Previous results · Suggest a vote

Loading...