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Vele appeal won't affect project timeline

Johannesburg - Coal of Africa [JSE:CZA] does not expect an appeal over an environmental permit at its Vele Colliery in South Africa to hamper the timeline for the project, the Business Day newspaper said on Monday quoting its chief executive officer.

CoAL was forced to suspend some activity at the controversial Vele Colliery after NGOs filed the appeal.

"I built the appeal into the timeline. It won't affect our timelines. We always knew this appeal would come," the paper quotes CoAL Chief Executive Officer John Wallington as saying.

The company said last month construction at Vele is expected to be completed within six to nine months from the restart, before Vele is ramped up to initial production of 1 million tonnes a year.

The company had halted some work last August after the government said it had broken environmental laws.
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