LONDON (ShareCast) - (ShareCast News) - Coal of Africa Ltd has confirmed that the suspension of the Integrated Water Use Licence (IWUL) for the Makhado Project has been lifted.
Chief executive David Brown said the lifting of the suspension -- by South Africa's Minister of the Department of Water and Sanitation (DWS), Nomvula Mokonyane -- was welcomed.

"This decision completes the suite of regulatory authorisations required for the Makhado Project," said Brown.

"It further confirms government's support for the Makhado Project and its potential to drive sustainable socio-economic transformation."

In April 2016, an appeal was lodged against the decision by the DWS to grant an IWUL to Baobab Mining and Exploration (Pty) Ltd for Makhado under the South African National Water Act.

Following representation by the company, the minister exercised her discretion and lifted the suspension.

At 10:58 BST, shares in AIM-listed Coal of Africa were flat at 3p each.

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