CIC Energy begins feasibility study

This follows positive results from an internal scoping study, which indicated robust economics for the CTH Project, which is currently 100 percent owned by CIC Energy.  "The CTH Project is one of the ways that CIC Energy is working to maximise the value of the coal resource at Mmamabula beyond the Mmamabula Energy Project.

"The current Mmamabula coal resource estimate of approximately 2.3 billion tonnes, in the measured and indicated categories, exceeds projected coal consumption for both Phase One and Phase Two power plants.