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Vele 'complies with environmental laws'

Dec 10 2012 08:23 I-Net Bridge


Company Data

COAL OF AFRICA LIMITED [JSE:CZA]

Last traded 0
Change -0,01
% Change 0
Cumulative volume 39765
Market cap 511.80m

Last Updated: 29-01-2015 at 12:52. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg – Coal of Africa [JSE:CZA] reiterated on Monday that its Vele Colliery complied with environmental laws and standards. 

This comes after the Save Mapungubwe Coalition withdrew itself from the memorandum of understanding‚ it signed with CoAL on 24 November 2011‚ for the strengthening‚ preservation and protection of the Mapungubwe Cultural Landscape. 

The mine is regularly audited by environmental authorities and to date has not received negative feedback on environmental compliance‚” CoAL said in a note on Monday. 

The miner said it was compliant with the requirements of the Environmental Authorisation for the mine as evidenced by the consistent compliance record exceeding 90% on environmental audits at the mine conducted by an independent environmental control officer and independent environmental manager. 

“In addition‚ the coalition has to date not been to the Vele mine site in spite of the numerous invitations from the company for it to visit in order to observe and appreciate the systems introduced to manage the environment‚” CoAL said.

 

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