Acacia Coal applies for licence transfer of RAC project

ASX-listed Acacia Coal has lodged an application to have the key project licences of the Riversdale anthracite colliery (RAC) project, in KwaZulu-Natal, transferred to it from project vendor Rio Tinto. The application, under Section 11 of the Mineral and Petroleum Resources Development Act, had been submitted to the relevant authorities this week and marks an important milestone in the eventual development of the project.