Dual-listed Firestone Energy has advised  that Sekoko Resources, it’s joint-venture partner in the Waterberg project, has received conditional approval for a coal export entitlement of 51 000  mt over a twelve-month period, for a duration of three years under the Quattro Allocation.

The Quattro Allocation Scheme provides for 4 million mt per year of export entitlement to black-owned companies through the Richards Bay Coal Terminal (RBCT).

Firestone said the awarding of the approval is a significant achievement for Sekoko and also for its contribution in the continuing development of the Waterberg Joint-Venture Project.

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