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MENAFN - ProactiveInvestors - Australia - 12/02/2013

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(MENAFN - ProactiveInvestors - Australia) African Energy Resources (ASX:AFR) has been given an Archaeological Permit for a coal mine and power station at the Sese Integrated Power Project in Botswana.

This leaves just one item of fieldwork outstanding which is the dry season air monitoring which will occur in mid2013.

All environmental approvals are on schedule and are not expected to impact the project development schedule.

Today's approval allows the project to proceed subject to normal reporting of chance cultural/archaeological finds, monitoring of all earth moving activities for cultural/archaeological artifacts and finds.

Standard conditions have been given in the approval following submission of an Archaeological Impact Assessment (AIA).

Sese Coal and Power Project recent progress

Recent discussions with the preferred electricity offtaker have continued for the output of the 300MW Sese Integrated Power Project.

These have included detailed appraisals on transmission options, a draft electricity tariff structure and project delivery timeframes.

The key outcome of the prefeasibility study for the Integrated Power Project was that no technical flaws were identified and that the project is technically and economically robust at current Southern African Power Pool prices.

 






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