Vele Colliery

Ownership 100%
Location Limpopo province, South Africa, 48km west of Musina
Infrastructure Power (Eskom), 55kms by road to rail (from Musina directly to Matola), road, power (Eskom) and port allocation (Matola Coal terminal)
Status On care and maintenance since October 2013
Life of mine 16 years
Product Dual production; semi-soft coking with the option for either thermal export or middlings coal
Resources 362.5Mt mineable tonnes in situ as classified under Joint Ore Reserves Committee
Mining method Opencast for 16 years and underground mining thereafter
Regulatory status Full suite of authorisations
New order mining right 30 years and fully compliant in respect of plant modification project
Environmental Authorisation Granted in January 2015 for the life of mine
Integrated Water Use Licence Granted in December 2015 for 20 years with a non-perennial stream diversion amendment in progress – expected H2 CY2016

Resource and Reserve statement

Abridged summary of JORC-compliant resources and reserve statement 30 June 2016 JORC-compliant resources (measured, indicated and inferred)1 JORC-compliant reserves
(proven and probable)
  Gross tonnes in situ (Mt) Gross tonnes in situ (Mt) Mineable tonnes in situ (Mt) Reserves
Vele 793.9 671.3 362.5 325.1
  1. Resources are stated inclusive of reserves The resource, defined in accordance with the 2004 JORC Code, has not been updated since to comply with the 2012 JORC Code on the basis that the information has not materially changed since it was last reported

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