The Indian-headquartered miner’s proposed venture, Yzermyn, is situated in a protected area in Mpumalanga. The Centre for Environmental Rights has taken Atha-Africa to court in order to halt construction of the mine.
The Centre for Environmental Rights (CER), which represents groupings such as Earthlife Africa, has been rattling some cages in South Africa’s coal mining sector lately.
In March, it won an important case in the High Court by having Exxaro Resources’ Thabazimbi thermal coal project suspended until it had provided evidence that the climate change impacts of the venture had been fully explored.
It also swung into action following Anglo American’s decision to sell its domestic thermal coal mines, those that supply Eskom, to a newly formed black-owned consortium, Seriti Resources.
The CER called on the UK-listed group to make public documents including its mine rehabilitation as well as social and labour plans for the mines it intended to sell so that it could hold Seriti Resources to account. The fear is a smaller, less capitalised company may find it too expensive to honour its environmental commitments.
The latest coal mining firm to have received a dig in the ribs is Atha-Africa Ventures, a company controlled by Atha Group, a privately held company with its headquarters in Kolkata, India.
Denne historien er fra 18 May 2017-utgaven av Finweek English.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra 18 May 2017-utgaven av Finweek English.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
THE HEALTH OF SA'S MEDICAL SCHEMES
As the Covid-19 pandemic abates, finweek takes a look at the financial performance of some of the largest players.
The effect of Gilbertson's departure
With Ntsimbintle Holdings now the major shareholder of Jupiter Mines, it could change SA’s manganese industry.
Making money from music
Why investors are increasingly drawn to the music industry.
Conviction is key
Sandy Rheeder plays a critical role in Mukuru’s mission to open up financial services to the emerging consumer market in Africa through tailor-made technology solutions and platforms.
The post-pandemic toolkit
How CFOs can use technology to support growth.
Big city living exodus
Mini cities like Waterfall City and Steyn City are redefining city-style apartment living.
Big compact, big value
Handsome, with a hefty level of standard specification, the roomy Haval Jolion compact crossover is a great value proposition.
On barriers to entry
There are various ways in which a company or sector can achieve competitive dominance. They usually make for good investments.
Fear and greed in one index
To buck the trend, when markets are hot or cold, is a tough thing to do. However, it can deliver solid returns.
Africa's largest data centre facility coming soon
Vantage Data Centers plans to invest over R15bn for its first African data centre facility in Attacq’s Waterfall City.
