Proactive Investors - Run By Investors For Investors

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

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

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.

View full AFR profile View Profile

African Energy Resources Timeline

Newswire
November 01 2012

Related Articles

coal
May 31 2019
Project is for a gross 4mln tonnes per annum mine, feeding a 700Mw power plant.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use