The company will begin application process for an environmental permit of the project, which is part a of the 300Mw integrated thermal coal mine and power plant project, located near Tete, in Mozambique.
With construction planned to begin next year, mine is expected to be commissioned in the second half of 2016 to meet the power plant stockpile requirements.
In order to further increase drill density and upgrade JORC Indicated Resources into a Measured category, Ncondezi has completed an additional infill drilling of 33 core and 3 LD holes within a target mine area of the South Pit.
The Ncondezi mine will focus within a ring fenced area to provide required coal for the first phase of the 300Mw power plant
The drill program results and an updated Reserves and Resources statement are due to be issued in fourth quarter of 2013.
