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 |
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) |
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Gross tonnes in situ (Mt) | Gross tonnes in situ (Mt) | Mineable tonnes in situ (Mt) | Reserves (Mt) |
|
Vele | 793.9 | 671.3 | 362.5 | 325.1 |