logo-loader
MiningCoal
African Energy Resources

African Energy Resources digs in with Archaeological Permit approved for coal mine

au_africa_globe_350_511965c5247d6.jpg

African Energy Resources (ASX:AFR) has been given an Archaeological Permit for a coal mine and power station at the Sese Integrated Power Project in Botswana.

This leaves just one item of fieldwork outstanding which is the dry season air monitoring which will occur in mid‐2013.

All environmental approvals are on schedule and are not expected to impact the project development schedule.

Today's approval allows the project to proceed subject to normal reporting of chance cultural/archaeological finds, monitoring of all earth moving activities for cultural/archaeological artifacts and finds.

Standard conditions have been given in the approval following submission of an Archaeological Impact Assessment (AIA).

Sese Coal and Power Project recent progress

Recent discussions with the preferred electricity off‐taker have continued for the output of the 300MW Sese Integrated Power Project.

These have included detailed appraisals on transmission options, a draft electricity tariff structure and project delivery timeframes.

The key outcome of the pre‐feasibility study for the Integrated Power Project was that no technical flaws were identified and that the project is technically and economically robust at current Southern African Power Pool prices.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: African Energy Resources

Price: $0.01

Market: ASX
Market Cap: $8.15 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Mining Capital's Alastair Ford charts continued strength in gold price

Mining Capital's Alastair Ford addresses suggestions gold could be heading towards a new high of $2000/oz. ''I think that's quite an ambitious target to be setting at this point ... the next breakout number $1525/oz and thereafter the chartists will look for something like $1560/oz''. ''If...

1 day, 23 hours ago

2 min read