"already identified ways to optimise the project in order to improve the already positive results and findings. The Company and its consultants are in discussions with a number of parties in respect of utilising existing operating coal wash plants and rail sidings located close to De Wittekrans Coal Project that will remove the need to both develop and fund this coal wash plant and rail siding infrastructure as well as potentially accelerating the permitting process and actual development timetable. This may result in capital cost savings of approx. ZAR468m (approx US$60m)."
and even better!
In addition the Company and its consultants are in discussions with specialist coal processing contractors to complete the construction of the coal wash plant under a BOOM (Build-OwnOperate-Manage) Contract that on a standalone basis will potentially reduce the up-front capital by approx. ZAR308m (approx US$40m).
Overall an excellent announcement and so much to look forward to with this companies future.
CCC Price at posting:
21.0¢ Sentiment: LT Buy Disclosure: Held
