The receipt of rights will allow the company to mine coking and thermal coal from the site.
CoAL highlighted that back in 2013 it conducted a Class II Definitive Feasibility Study of the project.
The company expects the project to yield 2.3 million tonnes of hard coking coal per annum, and 3.2 Mtpa of thermal coal during its 16 year mine life.
Further study confirmed that the coal extracted from the Makhado project can be used to produce high strength coke that can be used by steel manufacturing industry.
CoAL expects the that construction will be completed in 26 months, and take additional four months for ramp-up phase, following whihc the project is expected to produce 5.5 Mtpa of saleable product.
CoAL CEO David Brown said: "The granting of the mining right is a significant milestone for CoAL as it allows the Company to proceed towards developing Makhado, its flagship project.
"It is an important vote of confidence in the economic potential of the Project, not only for the region, but also for the Limpopo province.
"As soon as development starts at Makhado a meaningful contribution will be made to the growth and development goals of the province, improving the socio-economic environment of the communities in the area of operation.
