Ikwezi Mining Limited (IKW) is focused on advancing the development of three coal projects in the KwaZulu Natal and Limpopo regions of South Africa.
The Company holds Prospecting Rights and majority interests in these Projects, the most advanced of these being the 70% held Newcastle Project with a JORC compliant resource of 209 million tons of coal. Ikwezi Mining have applied for a mining right for this Project which is expected to be determined in October 2011. The Company hopes to commence development of this Project in the fourth quarter of 2011 subject to the granting of this right and associated authorisations including the finalisation of their geological studies, development and environmental management plans. The two other earlier stage exploration Projects are the 60% owned Newcastle Phase 2 and Acorn Projects.