CCC then drop 2.9% Monday to 3.4c Drop 5.9% Tuesday to 3.2c Drop 3.1% Wednesday to 3.1c Thursday hits an all new time low of 3c And today finishes at 3.4c (Lower than last week)
And that's better than the bank???????
You can only shake your head.
Post #: 9647130. 26/08/13 "I just wish I won lotto as I know where my winning would be going?"
Hmmm 3.6c at this post, wasn't it? ------------- On this.
"The Company submitted its application for an Integrated Water Use Licence approval in Q4 2012"
Just been given some very interesting info of environmental impact and water rights for DE WITTEKRANS COAL MINE PROJECT MP 30/5/1/1/2/365.
In addition to the mining right application, Mashala must conduct an Environmental Impact Assessment (EIA) for the proposed De Wittekrans Coal Mine, as required by the National Environmental Management
The first phase of an EIA is the Scoping Phase. In terms of the MPRDA and the NEMA, interested and affected parties (I&APs) must be given the opportunity to comment on the proposed project. The proposed project, the environment in which the project is located and the specialist studies that will be/have been undertaken are described in this Draft Scoping Report. This draft document is being made available for public comment from ....[20th June 2013 to 5th August 2013]
(a period of 45 days). During the process to apply for a mining right, a complete public participation process was undertaken. The comments received from interested and affected parties (I&APs) thus far as well as those captured during the previous mining right application process have been captured in an Issues and Responses Report accompanying this Draft Scoping Report (Annexure O).
Mashala has appointed EIMS to facilitate the public participation process required for the EIA applications as well as the IWULA. An EIA Report, including an EMPR, will be compiled and presented for public comment as the next step of this EIA process.
Page 4.
The forecast of annual production rates have been based on approximately 340 000 t/m. This consists of approximately 63 000 t/m from each opencast operation and approximately 120 000 and 200 000 t/m respectively from each underground operation when in full production (with both B seam and C seam having at least two mechanized continuous miner sections).
A temporary supply of 500 KVa will be provided by Eskom to be used in the interim and layer as a backup for the underground fans. The main supply of 10 MVa will be available in 2 years’ time and this will be used for the washing plant and underground mining operations.
There are currently no operating railway lines currently on the mining area. Coal for export will be transported via road to one of the following siding options where it will be loaded onto railway trucks on the Richards Bay Railway line. -Davel siding;
-An approved existing siding; or
-Delta siding for a provisional period until a decision can be made on one of the above options. Delta siding will become permanent option if the above mentioned options are deemed not viable. (45km each way)
It has been estimated that the plant capacity is expected to be 750 to 800 tph
--- It's pretty much all you need to know about the proposed De Wittekrans Coal Mine. Noting that this is the first of a draft study.
FEDERATION FOR A SUSTAINABLE ENVIRONMENT laid a large number of complaints about this mine with the DMR back in dec 2010.
Will they again or has CCC addressed them??
I wouldn't be counting any De Witt eggs just yet.
CCC Price at posting:
3.4¢ Sentiment: None Disclosure: Not Held
