MC Mining project gets go-ahead from South Africa water regulator
Source - SMW
MC Mining said it had received the final of a suite of regulatory authorisations for its Vele colliery project in South Africa.
The country's Department of Water and Sanitations granted an Integrated Water Use Licence for the colliery's stream diversion and associated infrastructural activities.
'As previously advised, the final decision on whether to proceed with the plant modification project will be placed before the company's board, which will include an assessment of long-term pricing as well as logistics considerations,' the company said.
'The board will evaluate all options available, which will be communicated at the appropriate time.'
At 2:14pm: (LON:MCM) Motivcom PLC share price was 0p at 39.5p