The DMR requires that a bond is put into trust towards the final closure costs and other environmental issues.The final cost will obviously more than the $1m but the agreement is that contributions be made over the life of mine to boost the closure provision.
"As part of the placement, Firestone has granted to Linc its underground coal gasification, oil and gas rights over the tenements that are subject of the JV between Firestone and Sekoko Resources."
the rights held by Sekoko are for coal only. the others are issued by Dept of Energy and have not been granted to anyone as far as I am aware.
Regarding markets, and this applies equally to RES, Eskom want coal to move to Mpumalanga power stations from around 2015 onwards, but this depends on the state rail enterprise (Transnet) increasing the capacity of the line beyond the current 1.5m tons pa which Exxaro are fully utilising at the moment.
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- this should make the sp go for a run
this should make the sp go for a run, page-12
Currently unlisted. Proposed listing date: APPLICATION WITHDRAWN ON 28 MARCH 2024
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