Exploration firm Miranda on Tuesday said that it had won a tender to prospect for coal and develop five farms in northern KwaZulu-Natal, which were contiguous with two of its existing projects.
The company said that the Amajuba District Municipality (AMD) had been granted the prospecting rights, and in June invited capable companies to tender for the prospects.
“The award of this highly prospective tender contributes significant coal reserves to the group,” Miranda CEO Ron Nel said in a statement. “The Amajuba project will allow us to continue to create a significant critical mass in the area for the establishment of future mining operations.”
The company already owned the Yarl and Learydale projects in the area, to which the new farms brought an additional 3 700 ha of prospecting ground.
Miranda’s 70%-owned subsidiary, Keldoron, had won the tender, and the AMD had committed to transferring prospecting rights to the company.
“Keldoron will commence a full-scale drilling programme to confirm both the historical information and the coal qualities of the project,” Miranda said.