One of the contracted objectives of the Wild Coast Conservation and Sustainable Development Project was to support a review of any bankable feasibility study/ies undertaken by the mining consortia i.r.o. an application for a mining permit at Wavecrest and Xolobeni.  Due to changes in the circumstances regarding the EIA process the mining consortia have since extended the prospecting lease in order to carry out baseline studies in preparation for the EIA process.  As such, the opportunity to engage in the bankable feasibility study now falls outside the timeframe of this project.

As an alternative option the Project Steering Committee approved the development of a Cost Benefit Analysis of proposed tourism developments in the Xolobeni area in order to provide an ‘apples v apples’ (financial and socio-economic benefits) comparison with the heavy minerals mining option.  The PMU have since employed Grant Thornton to carry out this study.

See final draft of the Cost Benefit Analysis of Tourism Investments at Xolobeni

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